Stephens reissued their underweight rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research note published on Wednesday morning. Stephens currently has a $350.00 target price on the restaurant operator’s stock.

A number of other analysts have also recently commented on the stock. UBS AG reissued a neutral rating and set a $410.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, March 29th. Sanford C. Bernstein reissued an outperform rating and set a $564.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, July 25th. Jefferies Group LLC raised shares of Chipotle Mexican Grill from an underperform rating to a hold rating and set a $350.00 target price for the company in a research note on Wednesday. Cowen and Company reissued a market perform rating and set a $440.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. Finally, Wedbush reissued a neutral rating and set a $390.00 target price (down previously from $450.00) on shares of Chipotle Mexican Grill in a research note on Saturday, July 22nd. Eight equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $405.15.

Chipotle Mexican Grill (CMG) opened at 350.50 on Wednesday. Chipotle Mexican Grill has a 12 month low of $336.52 and a 12 month high of $499.00. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 75.34 and a beta of 0.64. The stock’s 50 day moving average price is $405.60 and its 200-day moving average price is $432.38.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.16. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Equities analysts expect that Chipotle Mexican Grill will post $7.78 EPS for the current year.

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Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after buying an additional 2,353,372 shares during the period. APG Asset Management N.V. raised its stake in shares of Chipotle Mexican Grill by 255.5% in the second quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after buying an additional 199,170 shares during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $84,334,000. Wellington Management Group LLP raised its stake in shares of Chipotle Mexican Grill by 46.3% in the first quarter. Wellington Management Group LLP now owns 308,697 shares of the restaurant operator’s stock worth $137,530,000 after buying an additional 97,750 shares during the period. Finally, Harbour Capital Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 30,455.0% in the second quarter. Harbour Capital Advisors LLC now owns 82,804 shares of the restaurant operator’s stock worth $199,000 after buying an additional 82,533 shares during the period. 95.71% of the stock is currently owned by 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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