Canaccord Genuity reissued their hold rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report published on Wednesday morning.

Several other equities research analysts have also recently commented on the company. Robert W. Baird reaffirmed a buy rating and set a $525.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, January 3rd. Piper Jaffray Companies set a $550.00 price objective on Chipotle Mexican Grill and gave the company a buy rating in a research report on Monday, October 22nd. Wells Fargo & Co increased their price objective on Chipotle Mexican Grill from $415.00 to $420.00 and gave the company a market perform rating in a research report on Friday, October 26th. Gordon Haskett began coverage on Chipotle Mexican Grill in a research report on Thursday, October 18th. They set an underperform rating and a $385.00 price objective on the stock. Finally, Wedbush reaffirmed an underperform rating and set a $500.00 price objective (up from $440.00) on shares of Chipotle Mexican Grill in a research report on Thursday, February 7th. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $505.29.

Shares of NYSE:CMG opened at $605.89 on Wednesday. Chipotle Mexican Grill has a 1-year low of $286.76 and a 1-year high of $612.60. The firm has a market cap of $16.76 billion, a PE ratio of 66.88, a P/E/G ratio of 2.79 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.34. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $1.34 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. On average, sell-side analysts anticipate that Chipotle Mexican Grill will post 12.17 EPS for the current fiscal year.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $594.65, for a total value of $11,893,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jack Hartung sold 7,150 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $606.77, for a total value of $4,338,405.50. Following the completion of the transaction, the chief financial officer now directly owns 45,237 shares in the company, valued at $27,448,454.49. The disclosure for this sale can be found here. Insiders sold 39,130 shares of company stock worth $23,448,757 over the last three months. Insiders own 2.19% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CMG. FMR LLC raised its stake in shares of Chipotle Mexican Grill by 10.2% in the second quarter. FMR LLC now owns 1,620,408 shares of the restaurant operator’s stock worth $698,995,000 after buying an additional 149,725 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Chipotle Mexican Grill by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 336,486 shares of the restaurant operator’s stock worth $145,149,000 after buying an additional 45,936 shares during the period. Bank of Montreal Can raised its stake in shares of Chipotle Mexican Grill by 15.5% in the third quarter. Bank of Montreal Can now owns 20,608 shares of the restaurant operator’s stock worth $9,367,000 after buying an additional 2,771 shares during the period. First Hawaiian Bank bought a new position in shares of Chipotle Mexican Grill in the third quarter worth about $202,000. Finally, Andra AP fonden raised its stake in shares of Chipotle Mexican Grill by 59.5% in the third quarter. Andra AP fonden now owns 5,900 shares of the restaurant operator’s stock worth $2,682,000 after buying an additional 2,200 shares during the period. 91.25% of the stock is currently owned by hedge funds and other 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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