Morgan Stanley reissued their equal weight rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a report released on Wednesday morning. Morgan Stanley currently has a $380.00 target price on the restaurant operator’s stock, down from their previous target price of $445.00.

Several other research analysts have also issued reports on the company. Barclays PLC reissued an equal weight rating and issued a $370.00 target price (down previously from $400.00) on shares of Chipotle Mexican Grill in a research report on Wednesday. Piper Jaffray Companies reissued an overweight rating and issued a $510.00 target price (down previously from $530.00) on shares of Chipotle Mexican Grill in a research report on Wednesday. J P Morgan Chase & Co reissued a neutral rating and issued a $380.00 target price (down previously from $390.00) on shares of Chipotle Mexican Grill in a research report on Wednesday. Mizuho reissued a buy rating and issued a $450.00 target price (down previously from $533.00) on shares of Chipotle Mexican Grill in a research report on Wednesday. Finally, Bank of America Corporation reissued a neutral rating and issued a $390.00 target price (down previously from $425.00) on shares of Chipotle Mexican Grill in a research report on Wednesday. Eight equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Chipotle Mexican Grill currently has a consensus rating of Hold and a consensus target price of $405.15.

Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 350.50 on Wednesday. The firm has a 50-day moving average price of $405.60 and a 200-day moving average price of $432.38. The firm has a market cap of $9.99 billion, a PE ratio of 75.34 and a beta of 0.64. Chipotle Mexican Grill has a 52 week low of $336.52 and a 52 week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the 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 quarter in the prior year, the company earned $0.87 EPS. The business’s revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts predict that Chipotle Mexican Grill will post $7.78 earnings per share for the current year.

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Large investors have recently bought and sold shares of the stock. Federated Investors Inc. PA boosted its stake in Chipotle Mexican Grill by 216.7% in the fourth quarter. Federated Investors Inc. PA now owns 551 shares of the restaurant operator’s stock worth $208,000 after buying an additional 377 shares in the last quarter. RMB Capital Management LLC raised its position in shares of Chipotle Mexican Grill by 134.5% in the fourth quarter. RMB Capital Management LLC now owns 12,569 shares of the restaurant operator’s stock worth $4,743,000 after buying an additional 7,210 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $793,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $354,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $2,396,000. 95.71% 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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