Mizuho reiterated their buy rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a report issued on Wednesday morning. Mizuho currently has a $450.00 price target on the restaurant operator’s stock, down from their previous price target of $533.00.

CMG has been the topic of a number of other research reports. Goldman Sachs Group, Inc. (The) dropped their price objective on Chipotle Mexican Grill from $440.00 to $375.00 and set a neutral rating on the stock in a research note on Tuesday, July 25th. Cowen and Company reiterated a market perform rating and set a $440.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. Vetr upgraded Chipotle Mexican Grill from a sell rating to a hold rating and set a $460.94 price target on the stock in a research note on Monday, May 1st. Barclays PLC increased their price target on Chipotle Mexican Grill from $395.00 to $415.00 and gave the company an equal weight rating in a research note on Wednesday, April 26th. Finally, Telsey Advisory Group increased their price target on Chipotle Mexican Grill from $400.00 to $440.00 and gave the company a market perform rating in a research note on Wednesday, April 26th. Eight investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $405.15.

Chipotle Mexican Grill (NYSE CMG) opened at 350.50 on Wednesday. The stock has a 50 day moving average of $405.60 and a 200-day moving average of $432.38. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 75.34 and a beta of 0.64. Chipotle Mexican Grill has a 52-week low of $336.52 and a 52-week high of $499.00.

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

ILLEGAL ACTIVITY WARNING: This news story was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.watchlistnews.com/chipotle-mexican-grill-inc-cmg-receives-buy-rating-from-mizuho/1462786.html.

Institutional investors have recently modified their holdings of the company. FNY Managed Accounts LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter worth about $107,000. Harbour Capital Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the first quarter worth about $121,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of 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 worth $164,000 after buying an additional 169 shares during the period. Van ECK Associates Corp increased its position in shares of Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock worth $177,000 after buying an additional 25 shares during the period. Finally, Sphera Funds Management LTD. bought a new position in shares of Chipotle Mexican Grill during the first quarter worth about $178,000. Institutional investors own 95.71% of the company’s stock.

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.