Chipotle Mexican Grill, Inc. (NYSE:CMG) had its price objective dropped by analysts at Barclays PLC from $415.00 to $400.00 in a research note issued to investors on Wednesday. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Barclays PLC’s target price suggests a potential upside of 6.67% from the company’s current price.

Other equities analysts have also issued research reports about the stock. UBS AG reaffirmed a “neutral” rating and set a $410.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, March 29th. J P Morgan Chase & Co raised their price objective on shares of Chipotle Mexican Grill from $365.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, April 26th. Cowen and Company raised their price objective on shares of Chipotle Mexican Grill from $375.00 to $440.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. Vetr raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 price objective on the stock in a research report on Monday, May 15th. Finally, Standpoint Research raised shares of Chipotle Mexican Grill from a “sell” rating to an “underperform” rating and set a $420.00 price objective on the stock in a research report on Tuesday. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $447.53.

Shares of Chipotle Mexican Grill (NYSE CMG) traded up 0.4306% during trading on Wednesday, reaching $376.5947. 2,598,153 shares of the company traded hands. Chipotle Mexican Grill has a 12 month low of $352.96 and a 12 month high of $499.00. The firm has a market capitalization of $10.79 billion, a PE ratio of 116.4846 and a beta of 0.64. The firm has a 50-day moving average price of $433.48 and a 200-day moving average price of $435.58. Chipotle Mexican Grill also was the target of unusually large options trading activity on Tuesday. Traders bought 25,703 put options on the stock. This represents an increase of 307% compared to the average daily volume of 6,322 put options.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 EPS for the quarter, topping the consensus estimate of $1.28 by $0.32. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Chipotle Mexican Grill had a net margin of 2.31% and a return on equity of 7.72%. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period last year, the company posted ($0.88) earnings per share. Equities research analysts anticipate that Chipotle Mexican Grill will post $8.13 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This report was first published by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.americanbankingnews.com/2017/07/19/chipotle-mexican-grill-inc-nysecmg-price-target-cut-to-400-00.html.

Hedge funds and other institutional investors have recently modified their holdings of the company. FNY Managed Accounts LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $107,000. Harbour Capital Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $121,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 169 shares during the period. Van ECK Associates Corp increased its position in shares of Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 25 shares during the period. Finally, Sphera Funds Management LTD. bought a new position in shares of Chipotle Mexican Grill during the first quarter valued at about $178,000. Institutional investors and hedge funds own 95.62% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with MarketBeat.com's FREE daily email newsletter.