Piper Jaffray Companies reissued their overweight rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research note released on Thursday morning. They currently have a $510.00 target price on the restaurant operator’s stock.

Other analysts have also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) lowered their target price on shares of Chipotle Mexican Grill from $440.00 to $375.00 and set a neutral rating on the stock in a research note on Tuesday, July 25th. Maxim Group reiterated a buy rating and issued a $435.00 target price (down from $470.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Cowen and Company reiterated a market perform rating and issued a $440.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, July 21st. Vetr upgraded shares of Chipotle Mexican Grill from a sell rating to a hold rating and set a $460.94 target price on the stock in a research note on Monday, May 1st. Finally, Barclays PLC increased their target price on shares of Chipotle Mexican Grill from $395.00 to $415.00 and gave the stock an equal weight rating in a research note on Wednesday, April 26th. Five investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill currently has an average rating of Hold and an average price target of $402.27.

Shares of Chipotle Mexican Grill (NYSE CMG) traded up 2.28% during trading on Thursday, reaching $308.79. The company had a trading volume of 1,654,110 shares. Chipotle Mexican Grill has a 12 month low of $296.00 and a 12 month high of $499.00. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 66.38 and a beta of 0.62. The firm has a 50 day moving average price of $346.84 and a 200 day moving average price of $419.75. Chipotle Mexican Grill also saw some unusual options trading activity on Thursday. Investors bought 16,859 call options on the company. This represents an increase of 106% compared to the typical daily volume of 8,191 call options.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.16. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the company posted $0.87 EPS. Analysts predict that Chipotle Mexican Grill will post $7.67 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Covenant Asset Management LLC boosted its position in shares of Chipotle Mexican Grill by 0.5% in the second quarter. Covenant Asset Management LLC now owns 2,187 shares of the restaurant operator’s stock worth $910,000 after buying an additional 10 shares during the period. Tufton Capital Management boosted its position in shares of Chipotle Mexican Grill by 1.3% in the second quarter. Tufton Capital Management now owns 804 shares of the restaurant operator’s stock worth $335,000 after buying an additional 10 shares during the period. Cutter & CO Brokerage Inc. boosted its position in shares of Chipotle Mexican Grill by 1.3% in the second quarter. Cutter & CO Brokerage Inc. now owns 763 shares of the restaurant operator’s stock worth $317,000 after buying an additional 10 shares during the period. Eqis Capital Management Inc. boosted its position in shares of Chipotle Mexican Grill by 0.6% in the first quarter. Eqis Capital Management Inc. now owns 1,730 shares of the restaurant operator’s stock worth $771,000 after buying an additional 11 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of Chipotle Mexican Grill by 2.4% in the first quarter. Pacer Advisors Inc. now owns 469 shares of the restaurant operator’s stock worth $209,000 after buying an additional 11 shares during the period. 98.37% of the stock is owned by institutional investors.

Chipotle Mexican Grill Company Profile

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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