Chipotle Mexican Grill, Inc. (NYSE:CMG) has been assigned a consensus recommendation of “Hold” from the thirty-nine ratings firms that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a sell rating, twenty-four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $354.21.

CMG has been the subject of several research analyst reports. Piper Jaffray Companies set a $510.00 price objective on Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Wednesday, October 11th. Mizuho reissued a “buy” rating and set a $450.00 price target on shares of Chipotle Mexican Grill in a research report on Saturday, September 23rd. Maxim Group reissued a “buy” rating and set a $435.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, September 21st. SunTrust Banks set a $390.00 price target on Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Barclays dropped their price target on Chipotle Mexican Grill from $370.00 to $325.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th.

Several hedge funds have recently bought and sold shares of CMG. Carmignac Gestion boosted its holdings in shares of Chipotle Mexican Grill by 162.5% during the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after purchasing an additional 319,875 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Chipotle Mexican Grill by 169.1% during the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after purchasing an additional 280,300 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Chipotle Mexican Grill by 196.5% during the third quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock worth $82,462,000 after purchasing an additional 177,530 shares during the last quarter. Check Capital Management Inc. CA acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth $54,272,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Chipotle Mexican Grill by 332.5% during the third quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock worth $49,782,000 after purchasing an additional 124,330 shares during the last quarter. Institutional investors and hedge funds own 88.43% of the company’s stock.

Chipotle Mexican Grill (NYSE CMG) opened at $327.34 on Monday. Chipotle Mexican Grill has a one year low of $263.00 and a one year high of $499.00. The firm has a market capitalization of $9,240.00, a P/E ratio of 63.44, a P/E/G ratio of 1.98 and a beta of 0.50.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the 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 during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. analysts predict that Chipotle Mexican Grill will post 6.58 EPS for the current year.

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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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