Chipotle Mexican Grill (NYSE:CMG) had its price objective increased by Loop Capital from $1,400.00 to $1,600.00 in a report released on Tuesday morning, The Fly reports. They currently have a buy rating on the restaurant operator’s stock.

Other research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upped their price objective on Chipotle Mexican Grill from $1,132.00 to $1,155.00 and gave the stock a hold rating in a research report on Thursday, July 23rd. Morgan Stanley upped their price objective on Chipotle Mexican Grill to $1,286.00 and gave the stock an equal weight rating in a research report on Wednesday, October 14th. UBS Group upped their price objective on Chipotle Mexican Grill from $850.00 to $1,200.00 and gave the stock a neutral rating in a research report on Friday, July 17th. SunTrust Banks reaffirmed an outperform rating and set a $1,165.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 23rd. Finally, BofA Securities boosted their target price on Chipotle Mexican Grill from $800.00 to $1,200.00 and gave the company a neutral rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Chipotle Mexican Grill has a consensus rating of Hold and an average price target of $1,229.68.

CMG opened at $1,348.47 on Tuesday. Chipotle Mexican Grill has a 12 month low of $415.00 and a 12 month high of $1,384.46. The stock has a market capitalization of $37.71 billion, a price-to-earnings ratio of 149.66, a PEG ratio of 5.79 and a beta of 1.27. The business has a fifty day moving average price of $1,282.23 and a 200 day moving average price of $1,086.24.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 22nd. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Chipotle Mexican Grill had a return on equity of 17.24% and a net margin of 4.55%. As a group, equities research analysts anticipate that Chipotle Mexican Grill will post 11.01 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System grew its holdings in shares of Chipotle Mexican Grill by 1.6% in the 2nd quarter. New York State Teachers Retirement System now owns 38,547 shares of the restaurant operator’s stock worth $40,565,000 after acquiring an additional 606 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of Chipotle Mexican Grill by 12.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,682 shares of the restaurant operator’s stock worth $2,799,000 after acquiring an additional 302 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $1,368,000. IFP Advisors Inc grew its holdings in shares of Chipotle Mexican Grill by 98.7% in the 2nd quarter. IFP Advisors Inc now owns 153 shares of the restaurant operator’s stock worth $159,000 after acquiring an additional 76 shares during the period. Finally, Beese Fulmer Investment Management Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 91.99% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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