Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) have earned an average rating of “Hold” from the forty ratings firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $402.58.

A number of research analysts have recently commented on CMG shares. Vetr upgraded 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. restated an “underperform” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Deutsche Bank AG restated a “sell” rating and issued a $350.00 target price (up previously from $300.00) on shares of Chipotle Mexican Grill in a research note on Monday, July 10th. Robert W. Baird restated a “hold” rating and issued a $385.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, September 1st. Finally, Wells Fargo & Company restated 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.

Chipotle Mexican Grill (CMG) traded down 0.15% during midday trading on Tuesday, hitting $304.68. The stock had a trading volume of 220,888 shares. The company has a market cap of $8.69 billion, a P/E ratio of 65.49 and a beta of 0.64. Chipotle Mexican Grill has a 12 month low of $296.00 and a 12 month high of $499.00. The firm’s 50-day moving average price is $325.07 and its 200 day moving average price is $412.85.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.16. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The business’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. On average, analysts expect that Chipotle Mexican Grill will post $7.60 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the company. FNY Managed Accounts LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at about $107,000. Korea Investment CORP lifted its position in shares of Chipotle Mexican Grill by 140.2% in the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after acquiring an additional 157 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at about $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Chipotle Mexican Grill by 15.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock valued at $140,000 after acquiring an additional 55 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of 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 valued at $164,000 after acquiring an additional 169 shares in the last quarter. Institutional investors and hedge funds own 90.32% 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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