Chipotle Mexican Grill, Inc. (NYSE:CMG) has received an average rating of “Hold” from the forty analysts that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $353.30.

A number of equities research analysts recently commented on CMG shares. Deutsche Bank AG reiterated a “sell” rating and set a $350.00 price target (up from $300.00) on shares of Chipotle Mexican Grill in a report on Monday, July 10th. Robert W. Baird reiterated a “neutral” rating and set a $490.00 price target on shares of Chipotle Mexican Grill in a report on Tuesday, July 11th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Chipotle Mexican Grill in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, BidaskClub downgraded shares of Chipotle Mexican Grill from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th.

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Large investors have recently added to or reduced their stakes in the company. Korea Investment CORP increased its stake in shares of Chipotle Mexican Grill by 140.2% during the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after buying an additional 157 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Chipotle Mexican Grill by 15.7% during 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 buying an additional 55 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Chipotle Mexican Grill by 84.5% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 169 shares during the period. Mercer Capital Advisers Inc. purchased a new position in shares of Chipotle Mexican Grill during the third quarter valued at $183,000. Finally, Harbour Capital Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 30,455.0% during the second quarter. Harbour Capital Advisors LLC now owns 82,804 shares of the restaurant operator’s stock valued at $199,000 after buying an additional 82,533 shares during the period. Institutional investors and hedge funds own 89.51% of the company’s stock.

Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 271.90 on Wednesday. Chipotle Mexican Grill has a 52-week low of $264.90 and a 52-week high of $499.00. The stock’s 50 day moving average is $308.39 and its 200 day moving average is $382.05. The firm has a market capitalization of $7.75 billion, a PE ratio of 58.45 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company earned $0.56 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts forecast that Chipotle Mexican Grill will post $6.77 EPS for the current year.

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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