Chipotle Mexican Grill, Inc. (NYSE:CMG) had its price objective cut by research analysts at Goldman Sachs Group, Inc. (The) from $440.00 to $375.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential upside of 10.30% from the stock’s previous close.

A number of other brokerages have also commented on CMG. SunTrust Banks, Inc. lifted their price objective on Chipotle Mexican Grill from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Mizuho reiterated a “buy” rating and issued a $533.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, June 21st. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, July 12th. Standpoint Research initiated coverage on Chipotle Mexican Grill in a research report on Wednesday, April 19th. They issued a “sell” rating and a $420.00 price objective for the company. Finally, Maxim Group reiterated a “hold” rating and issued a $440.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Nine analysts have rated the stock with a sell rating, nineteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $423.38.

Shares of Chipotle Mexican Grill (CMG) opened at 339.98 on Tuesday. The firm has a 50-day moving average of $419.18 and a 200-day moving average of $434.34. The firm has a market capitalization of $9.74 billion, a P/E ratio of 105.16 and a beta of 0.64. Chipotle Mexican Grill has a one year low of $336.52 and a one year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.32. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates 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 revenue was up 28.1% on a year-over-year basis. During the same period last year, the company earned ($0.88) earnings per share. On average, equities analysts predict that Chipotle Mexican Grill will post $7.96 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. FNY Managed Accounts LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $107,000. Harbour Capital Advisors LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $121,000. Global X Management Co. LLC raised its stake in Chipotle Mexican Grill by 473.7% in the second quarter. Global X Management Co. LLC now owns 327 shares of the restaurant operator’s stock valued at $132,000 after buying an additional 270 shares during the period. Cribstone Capital Management LLC bought a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $145,000. Finally, Carnick & Kubik LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $160,000. Institutional investors and hedge funds own 95.71% 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.

The Fly

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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