Barclays PLC restated their equal weight rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research note released on Wednesday morning. Barclays PLC currently has a $370.00 price target on the restaurant operator’s stock, down from their prior price target of $400.00.

Several other equities research analysts also recently commented on the stock. Piper Jaffray Companies restated an overweight rating and issued a $510.00 target price (down previously from $530.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. J P Morgan Chase & Co restated a neutral rating and issued a $380.00 target price (down previously from $390.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. Mizuho restated a buy rating and issued a $450.00 target price (down previously from $533.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. Bank of America Corporation restated a neutral rating and issued a $390.00 target price (down previously from $425.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. Finally, Telsey Advisory Group restated an outperform rating and issued a $420.00 target price (down previously from $440.00) on shares of Chipotle Mexican Grill in a research note on Wednesday. Eight investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company 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. Chipotle Mexican Grill has a 52-week low of $336.52 and a 52-week high of $499.00. The company has a market capitalization of $9.99 billion, a P/E ratio of 75.34 and a beta of 0.64. The stock has a 50 day moving average of $405.60 and a 200-day moving average of $432.38.

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

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Several large investors have recently added to or reduced their stakes in the stock. Tufton Capital Management increased its stake in Chipotle Mexican Grill by 1.3% in the second quarter. Tufton Capital Management now owns 804 shares of the restaurant operator’s stock valued at $335,000 after buying an additional 10 shares during the last quarter. CAPROCK Group Inc. bought a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $223,000. Tokio Marine Asset Management Co. Ltd. increased its stake in Chipotle Mexican Grill by 4.0% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,991 shares of the restaurant operator’s stock valued at $3,325,000 after buying an additional 310 shares during the last quarter. CIBC Asset Management Inc increased its stake in Chipotle Mexican Grill by 1.1% in the second quarter. CIBC Asset Management Inc now owns 3,453 shares of the restaurant operator’s stock valued at $1,437,000 after buying an additional 36 shares during the last quarter. Finally, Harbour Capital Advisors LLC increased 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 valued at $199,000 after buying an additional 82,533 shares during the last quarter. 95.71% of the stock is 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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