Piper Jaffray Companies reaffirmed their overweight rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research report report published on Wednesday morning. Piper Jaffray Companies currently has a $510.00 price target on the restaurant operator’s stock, down from their prior price target of $530.00.

A number of other analysts have also recently commented on CMG. Vetr cut Chipotle Mexican Grill from a buy rating to a hold rating and set a $436.84 price target for the company. in a research note on Tuesday, March 28th. UBS AG reiterated a neutral rating and issued a $410.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, March 29th. Credit Suisse Group reiterated a hold rating and issued a $375.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, April 7th. Jefferies Group LLC reiterated a sell rating and issued a $300.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, April 12th. Finally, Maxim Group boosted their price objective on Chipotle Mexican Grill from $390.00 to $430.00 and gave the company a hold rating in a research report on Wednesday, April 19th. Eight investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Chipotle Mexican Grill has a consensus rating of Hold and a consensus target price of $405.15.

Chipotle Mexican Grill (NYSE CMG) opened at 350.50 on Wednesday. The firm has a market capitalization of $9.99 billion, a PE ratio of 75.34 and a beta of 0.64. Chipotle Mexican Grill has a one year low of $336.52 and a one year high of $499.00. The firm has a 50 day moving average of $405.60 and a 200 day moving average of $432.38.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. Chipotle Mexican Grill’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. Equities analysts forecast that Chipotle Mexican Grill will post $7.78 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in the company. FNY Managed Accounts LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at about $107,000. Harbour Capital Advisors LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at about $121,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 169 shares during the period. Van ECK Associates Corp raised its stake in Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock valued at $177,000 after buying an additional 25 shares during the period. Finally, Sphera Funds Management LTD. bought a new stake in Chipotle Mexican Grill during the first quarter valued at about $178,000. 95.71% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Company Profile

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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