BTIG Research reissued their neutral rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research report sent to investors on Tuesday morning.

Several other research firms have also weighed in on CMG. Robert W. Baird reissued a hold rating and issued a $340.00 price objective (down from $385.00) on shares of Chipotle Mexican Grill in a research report on Tuesday. Mizuho restated a buy rating and issued a $533.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 21st. Oppenheimer Holdings, Inc. restated a market perform rating on shares of Chipotle Mexican Grill in a research note on Wednesday, July 12th. Maxim Group restated a hold rating and issued a $440.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Finally, Zacks Investment Research downgraded Chipotle Mexican Grill from a hold rating to a sell rating in a research note on Wednesday, July 12th. Seven investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $395.25.

Chipotle Mexican Grill (NYSE:CMG) opened at 307.64 on Tuesday. Chipotle Mexican Grill has a 1-year low of $295.11 and a 1-year high of $499.00. The firm has a 50-day moving average price of $310.09 and a 200-day moving average price of $398.56. The firm has a market capitalization of $8.77 billion, a PE ratio of 66.13 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company posted $0.87 EPS. The business’s quarterly revenue was up 17.1% on a year-over-year basis. Equities analysts expect that Chipotle Mexican Grill will post $7.52 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of CMG. BlackRock Inc. grew its position in shares of Chipotle Mexican Grill by 3,309.6% during the 1st quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock valued at $1,080,155,000 after purchasing an additional 2,353,372 shares in the last quarter. Carmignac Gestion grew its position in shares of Chipotle Mexican Grill by 162.5% during the 2nd quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock valued at $215,020,000 after purchasing an additional 319,875 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Chipotle Mexican Grill by 169.1% during the 2nd quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock valued at $185,622,000 after purchasing an additional 280,300 shares in the last quarter. American Century Companies Inc. grew its position in shares of Chipotle Mexican Grill by 59.8% during the 2nd quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock valued at $234,555,000 after purchasing an additional 210,872 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in shares of Chipotle Mexican Grill by 255.5% during the 2nd quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock valued at $115,312,000 after purchasing an additional 199,170 shares in the last quarter. 90.08% of the stock is currently owned by institutional investors and hedge funds.

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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