Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating reaffirmed by equities researchers at Tigress Financial in a report issued on Saturday.

Several other research analysts also recently weighed in on the stock. Standpoint Research initiated coverage on shares of Chipotle Mexican Grill in a research report on Wednesday, April 19th. They issued a “sell” rating and a $420.00 price target on the stock. Wedbush downgraded shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $470.00 to $370.00 in a research report on Friday. Vetr upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price target on the stock in a research report on Tuesday, May 30th. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their price target for the stock from $447.88 to $550.00 in a research report on Thursday, May 25th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $505.00 price target (up from $460.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, April 19th. Nine investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $428.53.

Chipotle Mexican Grill (NYSE CMG) traded down 3.01% on Friday, reaching $345.34. 3,198,286 shares of the company were exchanged. The firm has a market capitalization of $9.90 billion, a P/E ratio of 106.82 and a beta of 0.64. Chipotle Mexican Grill has a 12-month low of $344.21 and a 12-month high of $499.00. The firm has a 50-day moving average of $427.08 and a 200 day moving average of $434.55.

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

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A number of large investors have recently made changes to their positions in the stock. Cim LLC increased its position in Chipotle Mexican Grill by 12.5% in the first quarter. Cim LLC now owns 11,356 shares of the restaurant operator’s stock valued at $5,059,000 after buying an additional 1,261 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its position in Chipotle Mexican Grill by 1.1% in the first quarter. Beese Fulmer Investment Management Inc. now owns 3,088 shares of the restaurant operator’s stock valued at $1,376,000 after buying an additional 33 shares during the last quarter. Heritage Investors Management Corp increased its position in Chipotle Mexican Grill by 4.6% in the first quarter. Heritage Investors Management Corp now owns 12,115 shares of the restaurant operator’s stock valued at $5,397,000 after buying an additional 529 shares during the last quarter. Pennsylvania Trust Co purchased a new position in Chipotle Mexican Grill during the first quarter valued at approximately $267,000. Finally, Chevy Chase Trust Holdings Inc. increased its position in Chipotle Mexican Grill by 2.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 25,144 shares of the restaurant operator’s stock valued at $11,202,000 after buying an additional 521 shares during the last quarter. 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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