Chipotle Mexican Grill (NYSE:CMG) received a $318.00 target price from equities researchers at Piper Jaffray Companies in a report released on Wednesday. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Piper Jaffray Companies’ target price points to a potential upside of 26.53% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. SunTrust Banks set a $390.00 price target on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a research report on Thursday, October 19th. Maxim Group lowered their price target on shares of Chipotle Mexican Grill from $435.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. Barclays lowered their price target on shares of Chipotle Mexican Grill from $370.00 to $325.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 18th. Finally, Morgan Stanley lowered their price target on shares of Chipotle Mexican Grill from $350.00 to $310.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 25th. They noted that the move was a valuation call. Nine research analysts have rated the stock with a sell rating, twenty-three have given 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 $344.44.

Chipotle Mexican Grill (NYSE CMG) opened at $251.33 on Wednesday. Chipotle Mexican Grill has a 12-month low of $247.51 and a 12-month high of $499.00. The stock has a market cap of $7,106.86, a PE ratio of 40.80, a P/E/G ratio of 1.66 and a beta of 0.59.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the company posted $0.55 EPS. Chipotle Mexican Grill’s revenue was up 7.3% on a year-over-year basis. analysts anticipate that Chipotle Mexican Grill will post 8.36 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Chipotle Mexican Grill by 1.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,938 shares of the restaurant operator’s stock valued at $1,223,000 after purchasing an additional 44 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Chipotle Mexican Grill by 7.8% during the second quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock valued at $322,000 after purchasing an additional 56 shares during the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Chipotle Mexican Grill by 3.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 5,076 shares of the restaurant operator’s stock valued at $1,467,000 after purchasing an additional 161 shares during the last quarter. LS Investment Advisors LLC raised its holdings in shares of Chipotle Mexican Grill by 17.9% during the third quarter. LS Investment Advisors LLC now owns 1,180 shares of the restaurant operator’s stock valued at $363,000 after purchasing an additional 179 shares during the last quarter. Finally, Gagnon Securities LLC raised its holdings in shares of Chipotle Mexican Grill by 8.5% during the third quarter. Gagnon Securities LLC now owns 2,424 shares of the restaurant operator’s stock valued at $746,000 after purchasing an additional 190 shares during the last quarter. 87.00% 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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