Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating reiterated by analysts at Wedbush in a research note issued to investors on Wednesday, The Fly reports. They currently have a $290.00 price target on the restaurant operator’s stock, down from their prior price target of $350.00. Wedbush’s target price indicates a potential downside of 6.72% from the stock’s current price.

CMG has been the topic of several other research 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 note on Tuesday, July 25th. Maxim Group reaffirmed a “buy” rating and issued a $435.00 price target (down previously from $470.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Cowen and Company reissued a “market perform” rating and set a $440.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, July 21st. Credit Suisse Group reissued a “neutral” rating and set a $320.00 target price (down previously from $335.00) on shares of Chipotle Mexican Grill in a research report on Friday, August 25th. Finally, Zacks Investment Research downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 26th. Seven research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $392.13.

Chipotle Mexican Grill (NYSE:CMG) opened at 310.88 on Wednesday. Chipotle Mexican Grill has a 12 month low of $295.11 and a 12 month high of $499.00. The stock has a market cap of $8.86 billion, a PE ratio of 66.83 and a beta of 0.60. The company’s 50 day moving average is $309.95 and its 200 day moving average is $396.82.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly 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 company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS. On average, analysts anticipate that Chipotle Mexican Grill will post $7.52 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of CMG. BlackRock Inc. increased its holdings in Chipotle Mexican Grill by 3,309.6% in the 1st quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after acquiring an additional 2,353,372 shares in the last quarter. Carmignac Gestion increased its holdings in Chipotle Mexican Grill by 162.5% in the 2nd quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after acquiring an additional 319,875 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Chipotle Mexican Grill by 169.1% in the 2nd quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after acquiring an additional 280,300 shares in the last quarter. American Century Companies Inc. increased its holdings in Chipotle Mexican Grill by 59.8% in the 2nd quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after acquiring an additional 210,872 shares in the last quarter. Finally, APG Asset Management N.V. increased its holdings in Chipotle Mexican Grill by 255.5% in the 2nd quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after acquiring an additional 199,170 shares in the last quarter. 90.04% of the stock is owned by institutional investors.

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.

The Fly

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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