Chipotle Mexican Grill, Inc. (NYSE:CMG) was downgraded by analysts at Cowen and Company from a “market perform” rating to an “underperform” rating in a report released on Friday, MarketBeat reports. They currently have a $250.00 price target on the restaurant operator’s stock, down from their prior price target of $370.00. Cowen and Company’s price target suggests a potential downside of 16.67% from the stock’s current price.

Several other analysts have also recently commented on CMG. UBS AG lowered their target price on shares of Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating for the company in a research note on Tuesday, June 27th. Canaccord Genuity reaffirmed a “hold” rating and issued a $440.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Zacks Investment Research raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Stephens raised shares of Chipotle Mexican Grill from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $350.00 to $325.00 in a research note on Thursday, August 24th. Finally, Instinet reaffirmed a “neutral” rating and issued a $480.00 target price (down from $510.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Six investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $403.13.

Chipotle Mexican Grill (NYSE CMG) traded down 5.43% on Friday, reaching $300.03. The company had a trading volume of 2,091,102 shares. The stock has a 50 day moving average price of $325.65 and a 200 day moving average price of $413.16. The stock has a market capitalization of $8.55 billion, a PE ratio of 64.49 and a beta of 0.64. Chipotle Mexican Grill has a 52-week low of $296.00 and a 52-week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. Chipotle Mexican Grill’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS. Analysts expect that Chipotle Mexican Grill will post $7.61 EPS for the current year.

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Several large investors have recently made changes to their positions in CMG. BlackRock Inc. grew its position in shares of Chipotle Mexican Grill by 3,309.6% during the 1st quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock valued at $1,080,155,000 after buying an additional 2,353,372 shares during the last quarter. Carmignac Gestion grew its position in shares of Chipotle Mexican Grill by 162.5% during the 2nd quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock valued at $215,020,000 after buying an additional 319,875 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Chipotle Mexican Grill by 169.1% during the 2nd quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock valued at $185,622,000 after buying an additional 280,300 shares during the last quarter. American Century Companies Inc. grew its position in shares of Chipotle Mexican Grill by 59.8% during the 2nd quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock valued at $234,555,000 after buying an additional 210,872 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in shares of Chipotle Mexican Grill by 255.5% during the 2nd quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock valued at $115,312,000 after buying an additional 199,170 shares during the last quarter. 90.32% 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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