UBS AG set a $345.00 price target on Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research report released on Friday, www.benzinga.com reports. The firm currently has a neutral rating on the restaurant operator’s stock.

Several other equities research analysts also recently weighed in on CMG. Royal Bank Of Canada lowered their target price on shares of Chipotle Mexican Grill from $440.00 to $330.00 and set a sector perform rating for the company in a research note on Friday. Maxim Group lowered their target price on shares of Chipotle Mexican Grill from $435.00 to $420.00 and set a buy rating for the company in a research note on Thursday. SunTrust Banks, Inc. set a $390.00 target price on shares of Chipotle Mexican Grill and gave the company a buy rating in a research note on Thursday. Deutsche Bank AG set a $250.00 target price on shares of Chipotle Mexican Grill and gave the company a sell rating in a research note on Wednesday, October 18th. Finally, Barclays PLC lowered their target price on shares of Chipotle Mexican Grill from $370.00 to $325.00 and set an equal weight rating for the company in a research note on Wednesday, October 18th. Eight research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $375.66.

Chipotle Mexican Grill (CMG) opened at 324.76 on Friday. The company has a 50-day moving average of $312.87 and a 200-day moving average of $390.81. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 69.81 and a beta of 0.60. Chipotle Mexican Grill has a one year low of $295.11 and a one year 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The company 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%. Chipotle Mexican Grill’s revenue was up 17.1% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. On average, equities analysts forecast that Chipotle Mexican Grill will post $7.35 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Chipotle Mexican Grill by 2.3% during the second quarter. Vanguard Group Inc. now owns 2,783,059 shares of the restaurant operator’s stock worth $1,158,031,000 after purchasing an additional 63,636 shares during the period. American Century Companies Inc. raised its stake in Chipotle Mexican Grill by 59.8% during the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after purchasing an additional 210,872 shares during the period. Carmignac Gestion raised its stake in Chipotle Mexican Grill by 162.5% during the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after purchasing an additional 319,875 shares during the period. Renaissance Technologies LLC raised its stake in Chipotle Mexican Grill by 169.1% during the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after purchasing an additional 280,300 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Chipotle Mexican Grill by 1.5% during the second quarter. Alliancebernstein L.P. now owns 371,270 shares of the restaurant operator’s stock worth $154,485,000 after purchasing an additional 5,412 shares during the period. 90.06% 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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