Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating restated by stock analysts at BTIG Research in a research note issued to investors on Wednesday.

CMG has been the topic of a number of other reports. Goldman Sachs Group, Inc. (The) reduced their price target on shares of Chipotle Mexican Grill from $440.00 to $375.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 25th. Maxim Group reaffirmed a “buy” rating and set a $435.00 price target (down from $470.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Cowen and Company reaffirmed a “market perform” rating and set a $440.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, July 21st. Vetr raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $460.94 price target on the stock in a research report on Monday, May 1st. Finally, Barclays PLC lifted their price target on shares of 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. Seven analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Chipotle Mexican Grill currently has a consensus rating of “Hold” and an average price target of $405.15.

Shares of Chipotle Mexican Grill (CMG) traded down 0.82% during trading on Wednesday, hitting $320.13. 1,020,172 shares of the stock traded hands. Chipotle Mexican Grill has a 52-week low of $317.41 and a 52-week high of $499.00. The firm has a market cap of $9.13 billion, a PE ratio of 68.82 and a beta of 0.62. The company’s 50 day moving average is $369.27 and its 200 day moving average is $425.91.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the company earned $0.87 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. On average, equities research analysts predict that Chipotle Mexican Grill will post $7.73 EPS for the current year.

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A number of large investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of Chipotle Mexican Grill by 0.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 444 shares of the restaurant operator’s stock worth $188,000 after buying an additional 3 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Chipotle Mexican Grill by 0.5% in the third quarter. Raymond James Trust N.A. now owns 885 shares of the restaurant operator’s stock worth $374,000 after buying an additional 4 shares during the last quarter. Diversified Trust Co increased its stake in shares of Chipotle Mexican Grill by 0.3% in the fourth quarter. Diversified Trust Co now owns 1,946 shares of the restaurant operator’s stock worth $934,000 after buying an additional 6 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Chipotle Mexican Grill by 0.6% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,094 shares of the restaurant operator’s stock worth $441,000 after buying an additional 6 shares during the last quarter. Finally, Concannon Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 1.1% in the third quarter. Concannon Wealth Management LLC now owns 556 shares of the restaurant operator’s stock worth $235,000 after buying an additional 6 shares during the last quarter. 98.37% of the stock is owned by institutional investors and hedge funds.

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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