Chipotle Mexican Grill (NYSE:CMG) had its target price upped by analysts at BTIG Research from $515.00 to $605.00 in a note issued to investors on Wednesday, The Fly reports. The firm presently has a “buy” rating on the restaurant operator’s stock. BTIG Research’s price objective indicates a potential upside of 13.43% from the stock’s previous close.

CMG has been the topic of several other research reports. Zacks Investment Research cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Oppenheimer cut shares of Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and set a $400.00 price target on the stock. in a research report on Monday, October 1st. They noted that the move was a valuation call. UBS Group cut shares of Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating in a research report on Monday, October 1st. KeyCorp started coverage on shares of Chipotle Mexican Grill in a research report on Wednesday, October 3rd. They issued an “overweight” rating and a $500.00 price target on the stock. Finally, Wells Fargo & Co raised their price target on shares of Chipotle Mexican Grill from $420.00 to $464.00 and gave the company a “market perform” rating in a research report on Friday, January 11th. Ten research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the stock. Chipotle Mexican Grill presently has an average rating of “Hold” and an average target price of $446.19.

Shares of NYSE CMG opened at $533.39 on Wednesday. Chipotle Mexican Grill has a fifty-two week low of $247.51 and a fifty-two week high of $536.05. The stock has a market capitalization of $14.45 billion, a P/E ratio of 80.82, a price-to-earnings-growth ratio of 2.44 and a beta of 0.33.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.16. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.14%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. On average, equities analysts expect that Chipotle Mexican Grill will post 8.48 earnings per share for the current year.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 118,307 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $472.05, for a total transaction of $55,846,819.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.19% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the stock. We Are One Seven LLC bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $96,000. IFM Investors Pty Ltd raised its holdings in shares of Chipotle Mexican Grill by 7.9% in the 4th quarter. IFM Investors Pty Ltd now owns 1,497 shares of the restaurant operator’s stock worth $646,000 after purchasing an additional 110 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Chipotle Mexican Grill by 3.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 6,882 shares of the restaurant operator’s stock worth $2,972,000 after purchasing an additional 201 shares during the period. Strs Ohio raised its holdings in shares of Chipotle Mexican Grill by 1,064.0% in the 4th quarter. Strs Ohio now owns 33,848 shares of the restaurant operator’s stock worth $14,615,000 after purchasing an additional 30,940 shares during the period. Finally, Clean Yield Group bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth approximately $86,000. 91.27% of the stock is currently owned by institutional investors.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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