Deutsche Bank AG reissued their sell rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a report released on Wednesday morning. Deutsche Bank AG currently has a $315.00 target price on the restaurant operator’s stock, down from their previous target price of $350.00.

Several other brokerages have also issued reports on CMG. SunTrust Banks, Inc. reissued a buy rating and issued a $505.00 target price (down previously from $520.00) on shares of Chipotle Mexican Grill in a research report on Wednesday. Stephens reissued an underweight rating and issued a $350.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday. Royal Bank Of Canada reissued a sector perform rating and issued a $400.00 target price (down previously from $500.00) on shares of Chipotle Mexican Grill in a research report on Wednesday. Jefferies Group LLC raised Chipotle Mexican Grill from an underperform rating to a hold rating and set a $350.00 target price for the company in a research report on Wednesday. Finally, Sanford C. Bernstein reissued an outperform rating and issued a $564.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, July 25th. Eight analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $405.15.

Shares of Chipotle Mexican Grill (NYSE CMG) opened at 350.50 on Wednesday. The firm has a 50-day moving average price of $405.60 and a 200-day moving average price of $432.38. The firm has a market cap of $9.99 billion, a PE 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 released 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 EPS. On average, equities research analysts predict that Chipotle Mexican Grill will post $7.78 earnings per share for the current year.

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A number of large investors have recently bought and sold shares of CMG. BlackRock Inc. boosted its stake in Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after buying an additional 2,353,372 shares in the last quarter. APG Asset Management N.V. boosted its stake in Chipotle Mexican Grill by 255.5% in the second quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after buying an additional 199,170 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in Chipotle Mexican Grill during the first quarter worth approximately $84,334,000. Wellington Management Group LLP boosted its stake in Chipotle Mexican Grill by 46.3% in the first quarter. Wellington Management Group LLP now owns 308,697 shares of the restaurant operator’s stock worth $137,530,000 after buying an additional 97,750 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in Chipotle Mexican Grill by 30,455.0% in the second quarter. Harbour Capital Advisors LLC now owns 82,804 shares of the restaurant operator’s stock worth $199,000 after buying an additional 82,533 shares in the last quarter. 95.71% of the stock is currently owned by institutional investors and hedge funds.

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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