Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have earned a consensus rating of “Hold” from the forty brokerages that are covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $419.97.

A number of research firms have recently commented on CMG. UBS AG reiterated a “neutral” rating and set a $410.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, March 29th. Barclays PLC increased their target price on Chipotle Mexican Grill from $395.00 to $415.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 26th. J P Morgan Chase & Co increased their target price on 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 increased their target price on 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. Finally, Vetr upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 target price for the company in a research report on Monday, May 15th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Investors Inc. PA boosted its position in shares of Chipotle Mexican Grill by 216.7% in the fourth quarter. Federated Investors Inc. PA now owns 551 shares of the restaurant operator’s stock valued at $208,000 after buying an additional 377 shares in the last quarter. RMB Capital Management LLC boosted its position in shares of Chipotle Mexican Grill by 134.5% in the fourth quarter. RMB Capital Management LLC now owns 12,569 shares of the restaurant operator’s stock valued at $4,743,000 after buying an additional 7,210 shares in the last quarter. Kentucky Retirement Systems bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $793,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $354,000. Finally, Highbridge Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the fourth quarter valued at $2,396,000. Institutional investors own 95.71% of the company’s stock.

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Chipotle Mexican Grill (NYSE:CMG) traded down 1.14% on Monday, hitting $341.41. 757,695 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $427.08 and a 200-day moving average price of $434.55. The stock has a market cap of $9.79 billion, a P/E ratio of 105.60 and a beta of 0.64. Chipotle Mexican Grill has a 12 month low of $336.52 and a 12 month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.32. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.88) EPS. Equities analysts predict that Chipotle Mexican Grill will post $7.96 earnings per share for the current fiscal year.

About Chipotle Mexican Grill

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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