Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating reissued by Credit Suisse Group in a research note issued on Monday, The Fly reports. They presently have a $325.00 target price on the restaurant operator’s stock, down from their previous target price of $425.00. Credit Suisse Group’s target price would suggest a potential downside of 5.89% from the stock’s current price.

Other equities analysts have also recently issued reports about 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 target price for the company. Wedbush cut shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $470.00 to $370.00 in a research report on Friday. Vetr raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 target price on the stock in a report on Tuesday, May 30th. Argus raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their target price for the stock from $447.88 to $550.00 in a report on Thursday, May 25th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $505.00 target price (up from $460.00) on shares of Chipotle Mexican Grill in a report on Wednesday, April 19th. Nine investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $426.97.

Chipotle Mexican Grill (NYSE:CMG) opened at 345.34 on Monday. The firm’s 50-day moving average is $427.08 and its 200-day moving average is $434.55. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 106.82 and a beta of 0.64. Chipotle Mexican Grill has a 52-week low of $344.21 and a 52-week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its 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 the consensus estimate of $1.05 billion. Chipotle Mexican Grill had a net margin of 2.31% and a return on equity of 7.72%. Chipotle Mexican Grill’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.88) EPS. Analysts forecast that Chipotle Mexican Grill will post $7.96 EPS for the current fiscal year.

WARNING: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/07/24/chipotle-mexican-grill-inc-cmg-stock-rating-reaffirmed-by-credit-suisse-group.html.

Several institutional investors have recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC purchased a new position in Chipotle Mexican Grill during the first quarter worth approximately $107,000. Harbour Capital Advisors LLC purchased a new position in Chipotle Mexican Grill during the first quarter worth approximately $121,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position 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 during the period. Van ECK Associates Corp raised its position 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 during the period. Finally, Sphera Funds Management LTD. purchased a new position in Chipotle Mexican Grill during the first quarter worth approximately $178,000. Institutional investors own 95.71% of the company’s stock.

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.

The Fly

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.