Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have received a consensus recommendation of “Hold” from the forty-one analysts that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a sell recommendation, twenty-two have issued a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $405.15.

CMG has been the topic of a number of recent research reports. SunTrust Banks, Inc. upped their price target on shares of Chipotle Mexican Grill from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Mizuho restated a “buy” rating and set a $533.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, June 21st. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, July 12th. Maxim Group restated a “hold” rating and set a $440.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Finally, Zacks Investment Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after buying an additional 2,353,372 shares during the period. Carmignac Gestion boosted its position in Chipotle Mexican Grill by 162.5% in the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after buying an additional 319,875 shares during the period. Renaissance Technologies LLC boosted its position in Chipotle Mexican Grill by 169.1% in the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after buying an additional 280,300 shares during the period. American Century Companies Inc. boosted its position in Chipotle Mexican Grill by 59.8% in the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after buying an additional 210,872 shares during the period. Finally, APG Asset Management N.V. boosted its position in Chipotle Mexican Grill by 255.5% in the second quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after buying an additional 199,170 shares during the period. Institutional investors and hedge funds own 98.37% of the company’s stock.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 1.58% during midday trading on Friday, reaching $312.90. 290,384 shares of the company’s stock traded hands. The firm has a market cap of $8.92 billion, a PE ratio of 67.26 and a beta of 0.62. The stock has a 50-day moving average price of $363.76 and a 200 day moving average price of $424.39. Chipotle Mexican Grill has a 12 month low of $311.27 and a 12 month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm earned $0.87 EPS. The company’s revenue was up 17.1% compared to the same quarter last year. Equities research analysts predict that Chipotle Mexican Grill will post $7.73 earnings per share for the current year.

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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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