Raymond James Financial upgraded shares of Chipotle Mexican Grill (NYSE:CMG) from an underperform rating to a market perform rating in a research note published on Friday, Marketbeat.com reports.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Chipotle Mexican Grill from a strong sell rating to a hold rating in a research report on Thursday, November 16th. Wells Fargo & Co reissued a hold rating on shares of Chipotle Mexican Grill in a research report on Friday, October 13th. 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. Bank of America cut shares of Chipotle Mexican Grill from a neutral rating to an underperform rating and dropped their price target for the company from $390.00 to $285.00 in a research report on Wednesday, October 18th. Finally, UBS Group set a $345.00 price target on shares of Chipotle Mexican Grill and gave the company a hold rating in a research report on Thursday, October 26th. Five investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and an average target price of $359.26.

Shares of Chipotle Mexican Grill (NYSE CMG) opened at $343.87 on Friday. Chipotle Mexican Grill has a 12 month low of $263.00 and a 12 month high of $499.00. The stock has a market cap of $9,708.45, a price-to-earnings ratio of 66.64, a PEG ratio of 2.06 and a beta of 0.50.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company posted $0.56 EPS. Chipotle Mexican Grill’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 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. CIBC World Markets Inc. bought a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth about $205,000. Stephens Inc. AR increased its stake in shares of Chipotle Mexican Grill by 12.8% in the 2nd quarter. Stephens Inc. AR now owns 846 shares of the restaurant operator’s stock worth $352,000 after acquiring an additional 96 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Chipotle Mexican Grill by 4.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 16,197 shares of the restaurant operator’s stock worth $6,754,000 after acquiring an additional 727 shares in the last quarter. Amalgamated Bank increased its stake in shares of Chipotle Mexican Grill by 39.9% in the 2nd quarter. Amalgamated Bank now owns 3,007 shares of the restaurant operator’s stock worth $1,251,000 after acquiring an additional 857 shares in the last quarter. Finally, Profund Advisors LLC increased its stake in shares of Chipotle Mexican Grill by 22.2% in the 2nd quarter. Profund Advisors LLC now owns 1,151 shares of the restaurant operator’s stock worth $479,000 after acquiring an additional 209 shares in the last quarter. 88.71% of the stock is 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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