Chipotle Mexican Grill, Inc. (NYSE:CMG) was downgraded by analysts at Wedbush from an “outperform” rating to a “market perform” rating in a report released on Friday. They presently have a $370.00 price target on the restaurant operator’s stock, down from their prior price target of $470.00. Wedbush’s price target would suggest a potential upside of 3.92% from the company’s previous close.

Other analysts also recently issued reports about the company. Nomura reduced their price objective on Chipotle Mexican Grill from $510.00 to $480.00 in a research report on Tuesday, June 20th. Buckingham Research restated a “buy” rating and issued a $547.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, April 25th. SunTrust Banks, Inc. upped their price objective on Chipotle Mexican Grill from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their price objective for the company from $447.88 to $550.00 in a research report on Thursday, May 25th. Finally, Vetr upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price objective on the stock in a research report on Tuesday, May 30th. Nine equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $432.13.

Shares of Chipotle Mexican Grill (NYSE CMG) traded down 1.8445% during mid-day trading on Friday, hitting $349.4825. The company’s stock had a trading volume of 1,665,982 shares. The company has a market cap of $10.02 billion, a PE ratio of 108.0985 and a beta of 0.64. Chipotle Mexican Grill has a 12-month low of $345.75 and a 12-month high of $499.00. The stock has a 50-day moving average of $427.08 and a 200-day moving average of $434.55. Chipotle Mexican Grill also was the target of some unusual options trading on Tuesday. Stock investors purchased 25,703 put options on the stock. This represents an increase of 307% compared to the average volume of 6,322 put options.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.32. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business earned ($0.88) earnings per share. The business’s revenue was up 28.1% on a year-over-year basis. On average, equities research analysts forecast that Chipotle Mexican Grill will post $8.03 EPS for the current year.

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Hedge funds have recently bought and sold shares of the stock. FNY Managed Accounts LLC purchased a new stake in Chipotle Mexican Grill during the first quarter worth $107,000. Harbour Capital Advisors LLC purchased a new stake in Chipotle Mexican Grill during the first quarter worth $121,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in 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 worth $164,000 after buying an additional 169 shares in the last quarter. Van ECK Associates Corp raised its stake in Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock worth $177,000 after buying an additional 25 shares in the last quarter. Finally, Sphera Funds Management LTD. purchased a new stake in Chipotle Mexican Grill during the first quarter worth $178,000. Hedge funds and other institutional investors 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)

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