Canaccord Genuity restated their hold rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report published on Wednesday morning, MarketBeat Ratings reports. The firm currently has a $300.00 target price on the restaurant operator’s stock, down from their prior target price of $325.00.

CMG has been the subject of a number of other reports. ValuEngine lowered shares of Chipotle Mexican Grill from a hold rating to a sell rating in a research note on Friday, February 2nd. Wedbush upped their price objective on shares of Chipotle Mexican Grill from $290.00 to $310.00 and gave the stock a neutral rating in a research note on Friday, February 2nd. They noted that the move was a valuation call. Deutsche Bank set a $240.00 price objective on shares of Chipotle Mexican Grill and gave the stock a sell rating in a research note on Wednesday, October 25th. Nomura lowered their price objective on shares of Chipotle Mexican Grill to $338.00 and set a neutral rating for the company in a research note on Thursday, October 19th. Finally, SunTrust Banks reaffirmed a buy rating and issued a $340.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday. Ten investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $350.28.

Chipotle Mexican Grill (CMG) opened at $255.46 on Wednesday. The company has a market cap of $7,135.00, a PE ratio of 38.76, a PEG ratio of 1.61 and a beta of 0.59. Chipotle Mexican Grill has a 1-year low of $247.51 and a 1-year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. equities analysts forecast that Chipotle Mexican Grill will post 8.38 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Chipotle Mexican Grill by 0.5% in the 4th quarter. BlackRock Inc. now owns 1,559,197 shares of the restaurant operator’s stock valued at $450,653,000 after purchasing an additional 7,805 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Chipotle Mexican Grill by 196.5% in the 3rd quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock worth $82,462,000 after buying an additional 177,530 shares during the period. Brown Advisory Inc. increased its holdings in Chipotle Mexican Grill by 1.4% in the 3rd quarter. Brown Advisory Inc. now owns 216,827 shares of the restaurant operator’s stock worth $66,745,000 after buying an additional 3,069 shares during the period. Marshfield Associates increased its holdings in Chipotle Mexican Grill by 75.7% in the 3rd quarter. Marshfield Associates now owns 197,591 shares of the restaurant operator’s stock worth $60,824,000 after buying an additional 85,101 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in Chipotle Mexican Grill by 25.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 193,047 shares of the restaurant operator’s stock worth $59,425,000 after buying an additional 39,139 shares during the period. 88.01% of the stock is owned by hedge funds and other institutional investors.

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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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