Chipotle Mexican Grill (NYSE:CMG) had its price objective increased by investment analysts at Barclays from $280.00 to $325.00 in a report issued on Tuesday. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays’ target price would indicate a potential downside of 0.72% from the stock’s previous close.

CMG has been the subject of a number of other research reports. Piper Jaffray Companies set a $510.00 price objective on Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Jefferies Group lowered their price objective on Chipotle Mexican Grill to $300.00 and set a “positive” rating for the company in a research report on Wednesday, October 25th. ValuEngine cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Robert W. Baird set a $300.00 price objective on Chipotle Mexican Grill and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus lowered their price objective on Chipotle Mexican Grill from $345.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, October 25th. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Chipotle Mexican Grill has a consensus rating of “Hold” and a consensus target price of $358.45.

Shares of Chipotle Mexican Grill (NYSE CMG) traded up $0.03 during midday trading on Tuesday, reaching $327.37. The company’s stock had a trading volume of 706,208 shares, compared to its average volume of 1,024,260. The company has a market cap of $9,240.00, a PE ratio of 63.44, a PEG ratio of 1.98 and a beta of 0.50. Chipotle Mexican Grill has a 1-year low of $263.00 and a 1-year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share 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 analyst estimates of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS. research analysts predict that Chipotle Mexican Grill will post 6.58 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of CMG. Hexavest Inc. purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $34,213,000. QUANTRES ASSET MANAGEMENT Ltd increased its stake in shares of Chipotle Mexican Grill by 107.1% in the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 2,900 shares of the restaurant operator’s stock valued at $838,000 after purchasing an additional 1,500 shares in the last quarter. AXA increased its stake in shares of Chipotle Mexican Grill by 15.7% in the 3rd quarter. AXA now owns 103,284 shares of the restaurant operator’s stock valued at $31,794,000 after purchasing an additional 14,000 shares in the last quarter. IFM Investors Pty Ltd purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $263,000. Finally, Griffin Asset Management Inc. purchased a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at about $524,000. Institutional investors own 88.43% of the company’s stock.

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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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