Chipotle Mexican Grill, Inc. (NYSE:CMG) had its price objective dropped by analysts at Stifel Nicolaus from $345.00 to $310.00 in a research note issued on Wednesday. The firm presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 4.41% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. SunTrust Banks, Inc. reissued a “buy” rating and issued a $505.00 target price (down previously from $520.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Wedbush cut shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $470.00 to $370.00 in a research report on Friday, July 21st. Maxim Group raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and upped their price objective for the stock from $440.00 to $470.00 in a research report on Tuesday, July 18th. Cowen and Company cut shares of Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $370.00 to $250.00 in a research report on Friday, September 8th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a research report on Friday, October 13th. Eight equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $368.16.

Chipotle Mexican Grill (CMG) opened at 324.30 on Wednesday. Chipotle Mexican Grill has a 52 week low of $295.11 and a 52 week high of $499.00. The stock has a 50 day moving average of $313.21 and a 200-day moving average of $388.10. The firm has a market cap of $9.25 billion, a PE ratio of 69.71 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.91). The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS. Analysts expect that Chipotle Mexican Grill will post $7.34 earnings per share for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of CMG. Korea Investment CORP lifted its holdings in shares of Chipotle Mexican Grill by 140.2% in the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after purchasing an additional 157 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Chipotle Mexican Grill by 15.7% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after purchasing an additional 55 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Chipotle Mexican Grill by 84.5% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 169 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of Chipotle Mexican Grill by 30,455.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 82,804 shares of the restaurant operator’s stock worth $199,000 after purchasing an additional 82,533 shares in the last quarter. Finally, Blue Sky Asset Management LLC bought a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth $200,000. Institutional investors own 90.01% of the company’s stock.

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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