SunTrust Banks reiterated their buy rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research report report published on Wednesday morning. They currently have a $340.00 target price on the restaurant operator’s stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s Q1 2018 earnings at $1.55 EPS, Q2 2018 earnings at $3.31 EPS, Q3 2018 earnings at $2.40 EPS, Q4 2018 earnings at $2.13 EPS, FY2018 earnings at $9.38 EPS, Q1 2019 earnings at $2.36 EPS, Q2 2019 earnings at $4.44 EPS, Q3 2019 earnings at $3.70 EPS, Q4 2019 earnings at $3.10 EPS and FY2019 earnings at $13.59 EPS.

A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research upgraded Chipotle Mexican Grill from a strong sell rating to a hold rating in a research note on Thursday, November 16th. Wells Fargo & Co reiterated a hold rating on shares of Chipotle Mexican Grill in a research note on Friday, October 13th. Bank of America cut Chipotle Mexican Grill from a neutral rating to an underperform rating and dropped their price objective for the stock from $390.00 to $285.00 in a research note on Wednesday, October 18th. UBS Group set a $345.00 price objective on Chipotle Mexican Grill and gave the stock a hold rating in a research note on Thursday, October 26th. Finally, Maxim Group reiterated a buy rating and set a $400.00 price objective (down previously from $420.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, October 25th. Ten research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $350.28.

Shares of Chipotle Mexican Grill (CMG) opened at $255.46 on Wednesday. The company has a market capitalization of $7,429.73, a P/E ratio of 41.47, a price-to-earnings-growth ratio of 1.67 and a beta of 0.59. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.02. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. equities analysts forecast that Chipotle Mexican Grill will post 8.68 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Griffin Asset Management Inc. bought a new stake in Chipotle Mexican Grill in the 3rd quarter valued at $524,000. Harbor Advisors LLC acquired a new position in Chipotle Mexican Grill in the 3rd quarter valued at $462,000. Janus Henderson Group PLC grew its holdings in Chipotle Mexican Grill by 332.5% in the 3rd quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock valued at $49,782,000 after buying an additional 124,330 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Chipotle Mexican Grill in the 2nd quarter valued at $11,235,000. Finally, Stifel Financial Corp grew its holdings in Chipotle Mexican Grill by 72.8% in the 3rd quarter. Stifel Financial Corp now owns 8,677 shares of the restaurant operator’s stock valued at $2,757,000 after buying an additional 3,657 shares in the last quarter. Institutional investors and hedge funds own 88.01% of the company’s stock.

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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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