J P Morgan Chase & Co reiterated their neutral rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a report issued on Wednesday morning. J P Morgan Chase & Co currently has a $380.00 price target on the restaurant operator’s stock, down from their previous price target of $390.00.

CMG has been the topic of a number of other research reports. Vetr upgraded Chipotle Mexican Grill from a hold rating to a buy rating and set a $498.87 price objective on the stock in a research note on Tuesday, May 30th. Raymond James Financial, Inc. reiterated an underperform rating on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Deutsche Bank AG reiterated a sell rating and set a $350.00 price objective (up previously from $300.00) on shares of Chipotle Mexican Grill in a research note on Monday, July 10th. Wells Fargo & Company reiterated a market perform rating and set a $470.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, July 14th. Finally, 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. Eight analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and an average 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 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 (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.

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Several hedge funds have recently made changes to their positions in CMG. FNY Managed Accounts LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $107,000. Harbour Capital Advisors LLC purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $121,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake 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 last quarter. Van ECK Associates Corp raised its stake 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 last quarter. Finally, Sphera Funds Management LTD. purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $178,000. 95.71% of the stock is currently owned by hedge funds and other 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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