William Blair reaffirmed their hold rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report published on Monday. William Blair also issued estimates for Chipotle Mexican Grill’s Q4 2018 earnings at $1.99 EPS, FY2018 earnings at $9.43 EPS and FY2020 earnings at $14.96 EPS.

CMG has been the topic of a number of other research reports. Zacks Investment Research cut Chipotle Mexican Grill from a hold rating to a strong sell rating in a research report on Tuesday, September 26th. Deutsche Bank set a $240.00 target price on Chipotle Mexican Grill and gave the company a sell rating in a research report on Wednesday, October 25th. Nomura decreased their target price on Chipotle Mexican Grill to $338.00 and set a neutral rating on the stock in a research report on Thursday, October 19th. Wells Fargo & Co reiterated a hold rating on shares of Chipotle Mexican Grill in a research report on Friday, October 13th. Finally, Stifel Nicolaus decreased their target price on Chipotle Mexican Grill from $345.00 to $310.00 and set a hold rating on the stock in a research report on Wednesday, October 25th. Five analysts have rated the stock with a sell rating, twenty-six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Chipotle Mexican Grill currently has a consensus rating of Hold and an average target price of $361.42.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded down $0.40 during midday trading on Monday, hitting $329.60. The company had a trading volume of 718,546 shares, compared to its average volume of 1,050,171. Chipotle Mexican Grill has a 52 week low of $263.00 and a 52 week high of $499.00. The company has a market capitalization of $9,280.00, a PE ratio of 63.88, a P/E/G ratio of 2.06 and a beta of 0.50.

Chipotle Mexican Grill (NYSE:CMG) last issued 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 return on equity of 11.80% and a net margin of 3.37%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business posted $0.56 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. sell-side analysts predict that Chipotle Mexican Grill will post 6.58 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. First Interstate Bank lifted its stake in Chipotle Mexican Grill by 111.1% in the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after buying an additional 250 shares during the period. Mercer Capital Advisers Inc. bought a new stake in Chipotle Mexican Grill during the third quarter worth $183,000. Pacer Advisors Inc. grew its holdings in Chipotle Mexican Grill by 43.2% during the third quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock worth $219,000 after buying an additional 215 shares in the last quarter. Ahrens Investment Partners LLC bought a new stake in Chipotle Mexican Grill during the third quarter worth $234,000. Finally, TLP Group LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter valued at $251,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

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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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