Canaccord Genuity reaffirmed their hold rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a report released on Thursday morning.

CMG has been the topic of several other research reports. Goldman Sachs Group, Inc. (The) dropped their target price on shares of Chipotle Mexican Grill from $440.00 to $375.00 and set a neutral rating on the stock in a research report on Tuesday, July 25th. Maxim Group reissued a buy rating and set a $435.00 target price (down previously from $470.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Cowen and Company reissued a market perform rating and set a $440.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, July 21st. Credit Suisse Group reissued a neutral rating and set a $320.00 target price (down previously from $335.00) on shares of Chipotle Mexican Grill in a research report on Friday, August 25th. Finally, Zacks Investment Research downgraded shares of Chipotle Mexican Grill from a hold rating to a strong sell rating in a research report on Tuesday, September 26th. Eight analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $356.06.

Shares of Chipotle Mexican Grill (NYSE CMG) traded up $4.45 during trading on Thursday, hitting $279.45. 1,059,818 shares of the stock were exchanged, compared to its average volume of 1,167,221. Chipotle Mexican Grill has a 52-week low of $264.90 and a 52-week high of $499.00. The stock has a market cap of $7,760.00, a P/E ratio of 47.22, a P/E/G ratio of 2.38 and a beta of 0.44.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.91). Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm earned $0.56 EPS. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. analysts predict that Chipotle Mexican Grill will post 6.59 earnings per share for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tufton Capital Management grew its holdings in shares of 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 purchasing an additional 10 shares during the period. Cutter & CO Brokerage Inc. grew its holdings in shares of Chipotle Mexican Grill by 1.3% in the second quarter. Cutter & CO Brokerage Inc. now owns 763 shares of the restaurant operator’s stock valued at $317,000 after purchasing an additional 10 shares during the period. Simmons Bank grew its holdings in shares of Chipotle Mexican Grill by 1.1% in the second quarter. Simmons Bank now owns 1,257 shares of the restaurant operator’s stock valued at $523,000 after purchasing an additional 14 shares during the period. Highland Capital Management LLC grew its holdings in shares of Chipotle Mexican Grill by 0.6% in the second quarter. Highland Capital Management LLC now owns 2,961 shares of the restaurant operator’s stock valued at $1,232,000 after purchasing an additional 18 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of Chipotle Mexican Grill by 6.2% in the second quarter. Pacer Advisors Inc. now owns 498 shares of the restaurant operator’s stock valued at $207,000 after purchasing an additional 29 shares during the period. 90.31% of the stock is owned by hedge funds and other institutional investors.

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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