Chipotle Mexican Grill, Inc. (NYSE:CMG) has been given a $390.00 target price by equities researchers at SunTrust Banks, Inc. in a report issued on Thursday. The brokerage currently has a “buy” rating on the restaurant operator’s stock. SunTrust Banks, Inc.’s price target indicates a potential upside of 19.90% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. UBS AG reduced their price objective on shares of Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating for the company in a research note on Tuesday, June 27th. BTIG Research reissued a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Friday, July 21st. Bank of America Corporation reissued a “neutral” rating and set a $390.00 target price (down previously from $425.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Maxim Group dropped their target price on shares of Chipotle Mexican Grill from $435.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Nomura dropped their target price on shares of Chipotle Mexican Grill to $338.00 and set a “neutral” rating on the stock in a research report on Thursday. Eight equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $378.94.

Shares of Chipotle Mexican Grill (CMG) opened at 325.27 on Thursday. The stock’s 50 day moving average is $312.64 and its 200-day moving average is $391.72. The stock has a market cap of $9.27 billion, a PE ratio of 69.92 and a beta of 0.60. Chipotle Mexican Grill has a 12-month low of $295.11 and a 12-month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, topping the consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. Chipotle Mexican Grill’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 EPS. Equities analysts expect that Chipotle Mexican Grill will post $7.42 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Chipotle Mexican Grill, Inc. (CMG) PT Set at $390.00 by SunTrust Banks, Inc.” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/chipotle-mexican-grill-inc-cmg-pt-set-at-390-00-by-suntrust-banks-inc/1642842.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. boosted its stake in shares of Chipotle Mexican Grill by 159.1% in the third quarter. Eqis Capital Management Inc. now owns 3,801 shares of the restaurant operator’s stock valued at $1,170,000 after purchasing an additional 2,334 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $10,887,000. Toronto Dominion Bank boosted its stake in shares of Chipotle Mexican Grill by 24.7% in the second quarter. Toronto Dominion Bank now owns 9,676 shares of the restaurant operator’s stock valued at $4,025,000 after purchasing an additional 1,914 shares during the period. Cetera Investment Advisers boosted its stake in shares of Chipotle Mexican Grill by 7.8% in the second quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 56 shares during the period. Finally, Advisory Services Network LLC boosted its stake in shares of Chipotle Mexican Grill by 945.1% in the second quarter. Advisory Services Network LLC now owns 951 shares of the restaurant operator’s stock valued at $396,000 after purchasing an additional 860 shares during the period. 90.06% of the stock is owned by institutional investors and hedge funds.

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)

Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.