Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “buy” rating reissued by analysts at SunTrust Banks, Inc. in a research report issued on Wednesday. They currently have a $505.00 price target on the restaurant operator’s stock, down from their previous price target of $520.00. SunTrust Banks, Inc.’s price target indicates a potential upside of 48.27% from the company’s current price. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s Q4 2017 earnings at $1.87 EPS.

Other research analysts have also recently issued reports about the company. Vetr raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 target price for the company in a research note on Tuesday, May 30th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Deutsche Bank AG reissued a “sell” rating and issued a $350.00 target price (up from $300.00) on shares of Chipotle Mexican Grill in a research note on Monday, July 10th. Wells Fargo & Company reissued a “market perform” rating and issued a $470.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, July 14th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Eight research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $408.33.

Chipotle Mexican Grill (NYSE CMG) traded down 2.30% during trading on Wednesday, hitting $340.60. The company had a trading volume of 3,620,692 shares. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 104.48 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. The firm has a 50-day moving average of $419.18 and a 200 day moving average of $434.34.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 earnings per share. On average, equities research analysts forecast that Chipotle Mexican Grill will post $7.90 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of the company. FNY Managed Accounts LLC bought a new position in Chipotle Mexican Grill during the first quarter worth approximately $107,000. Harbour Capital Advisors LLC bought 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. bought a new position in Chipotle Mexican Grill during the first quarter worth approximately $178,000. Hedge funds and other institutional investors 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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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