Wedbush reaffirmed their neutral rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a report published on Saturday. They currently have a $390.00 target price on the restaurant operator’s stock, down from their prior target price of $450.00.

Several other research firms also recently weighed in on CMG. Vetr upgraded shares of Chipotle Mexican Grill from a sell rating to a hold rating and set a $493.69 target price for the company in a report on Monday, May 15th. ValuEngine upgraded shares of Chipotle Mexican Grill from a sell rating to a hold rating in a report on Friday, June 2nd. Stephens raised their target price on shares of Chipotle Mexican Grill from $325.00 to $350.00 and gave the company an underweight rating in a report on Wednesday, April 26th. Royal Bank Of Canada upgraded shares of Chipotle Mexican Grill from a hold rating to an outperform rating in a report on Thursday, April 27th. Finally, Nomura restated a hold rating and set a $510.00 target price on shares of Chipotle Mexican Grill in a report on Friday, April 28th. Nine analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Chipotle Mexican Grill presently has an average rating of Hold and a consensus price target of $423.38.

Chipotle Mexican Grill (NYSE:CMG) opened at 348.62 on Friday. Chipotle Mexican Grill has a 52-week low of $336.52 and a 52-week high of $499.00. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 107.83 and a beta of 0.64. The company’s 50-day moving average is $419.18 and its 200-day moving average is $434.34.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.19 by $0.13. Chipotle Mexican Grill had a net margin of 2.31% and a return on equity of 7.72%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $0.87 EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. Equities analysts predict that Chipotle Mexican Grill will post $7.90 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Rating Reaffirmed by Wedbush” was first published by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/chipotle-mexican-grill-inc-nysecmg-stock-rating-reaffirmed-by-wedbush/1458925.html.

Several hedge funds have recently modified their holdings of CMG. Bank of Montreal Can raised its stake in shares of Chipotle Mexican Grill by 118.9% in the first quarter. Bank of Montreal Can now owns 26,505 shares of the restaurant operator’s stock worth $11,808,000 after buying an additional 14,397 shares during the period. Pennsylvania Trust Co bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $267,000. National Pension Service raised its stake in shares of Chipotle Mexican Grill by 9.3% in the first quarter. National Pension Service now owns 28,572 shares of the restaurant operator’s stock worth $12,684,000 after buying an additional 2,422 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of Chipotle Mexican Grill by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 9,197 shares of the restaurant operator’s stock worth $4,097,000 after buying an additional 75 shares during the period. Finally, Puplava Financial Services Inc. bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $347,000. Institutional investors and hedge funds 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.