Several analysts have recently updated their ratings and price targets for Chipotle Mexican Grill (NYSE: CMG):

  • 8/15/2018 – Chipotle Mexican Grill was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $600.00 price target on the stock, up previously from $413.00.
  • 8/15/2018 – Chipotle Mexican Grill had its price target raised by analysts at Citigroup Inc from $506.00 to $573.00. They now have a “buy” rating on the stock.
  • 8/1/2018 – Chipotle Mexican Grill had its “hold” rating reaffirmed by analysts at William Blair.
  • 7/31/2018 – Chipotle Mexican Grill was upgraded by analysts at Jefferies Financial Group Inc from a “hold” rating to a “buy” rating.
  • 7/30/2018 – Chipotle Mexican Grill was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Chipotle have outperformed the industry over the past year. We expect the company to remain on this growth trajectory after its second-quarter 2018 earnings and revenues surpassed the Zacks Consensus Estimate. Adjusted earnings grew 23.7% from the year-ago quarter, driven by higher revenues and lower food costs. Despite having a good share of negative publicity from a food-borne illness, Chipotle’s viable business strategy and the appointment of Brian Niccol have significantly helped its second-quarter earnings. Quarterly revenues increased 8.3% year over year in the second quarter, attributable to the improvement in comps and restaurant openings. Chipotle's increased focus on food safety and enhancing customer experience, along with various sales-building and strategic initiatives, are likely to drive the top line while high costs and intense competition may be concerning in the future.”
  • 7/27/2018 – Chipotle Mexican Grill had its price target raised by analysts at Royal Bank of Canada to $450.00. They now have a “sector perform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/27/2018 – Chipotle Mexican Grill had its price target raised by analysts at Wells Fargo & Co from $405.00 to $418.00. They now have a “market perform” rating on the stock.
  • 7/27/2018 – Chipotle Mexican Grill had its price target raised by analysts at BMO Capital Markets from $350.00 to $420.00. They now have a “market perform” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/27/2018 – Chipotle Mexican Grill had its price target raised by analysts at Stifel Nicolaus from $325.00 to $450.00. They now have a “hold” rating on the stock.
  • 7/27/2018 – Chipotle Mexican Grill had its price target raised by analysts at Maxim Group from $420.00 to $430.00. They now have a “hold” rating on the stock.
  • 7/27/2018 – Chipotle Mexican Grill had its price target raised by analysts at Morgan Stanley from $398.00 to $413.00. They now have an “equal weight” rating on the stock.
  • 7/27/2018 – Chipotle Mexican Grill had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $535.00 price target on the stock.
  • 7/27/2018 – Chipotle Mexican Grill had its price target raised by analysts at Canaccord Genuity from $500.00 to $550.00. They now have a “buy” rating on the stock.
  • 7/16/2018 – Chipotle Mexican Grill had its price target raised by analysts at Morgan Stanley from $372.00 to $398.00. They now have an “equal weight” rating on the stock.
  • 7/16/2018 – Chipotle Mexican Grill was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $512.00 price target on the stock. According to Zacks, “Shares of Chipotle have outperformed the industry over the past year. We expect the company to remain on this growth trajectory given its increased focus on food safety. Despite having a good share of negative publicity from a food-borne illness, Chipotle’s viable business strategy and the appointment of Brian Niccol have significantly helped its first-quarter earnings. Quarterly revenues increased year over year in the first quarter, attributable to improvement in comps and restaurant openings. Earnings estimates for the current year have also moved northward, reflecting analysts’ confidence surrounding the company’s future earnings growth potential. Chipotle’s efforts in enhancing customer experience, along with various sales-building and strategic initiatives are likely to drive the top line, while high costs may pose a concern.”
  • 7/12/2018 – Chipotle Mexican Grill had its price target raised by analysts at Jefferies Financial Group Inc to $400.00. They now have a “hold” rating on the stock.
  • 7/10/2018 – Chipotle Mexican Grill was downgraded by analysts at Mizuho from a “neutral” rating to an “underperform” rating. They now have a $330.00 price target on the stock, up previously from $300.00.
  • 7/10/2018 – Chipotle Mexican Grill was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/29/2018 – Chipotle Mexican Grill had its “hold” rating reaffirmed by analysts at Raymond James.
  • 6/29/2018 – Chipotle Mexican Grill had its price target raised by analysts at SunTrust Banks, Inc. to $490.00. They now have a “buy” rating on the stock.
  • 6/28/2018 – Chipotle Mexican Grill had its price target raised by analysts at Wells Fargo & Co from $325.00 to $405.00. They now have a “market perform” rating on the stock.
  • 6/28/2018 – Chipotle Mexican Grill had its price target lowered by analysts at Maxim Group from $435.00 to $420.00. They now have a “hold” rating on the stock.
  • 6/28/2018 – Chipotle Mexican Grill had its price target raised by analysts at Morgan Stanley from $340.00 to $372.00. They now have an “equal weight” rating on the stock.
  • 6/28/2018 – Chipotle Mexican Grill had its price target raised by analysts at Stephens from $350.00 to $425.00. They now have an “equal weight” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 6/28/2018 – Chipotle Mexican Grill had its price target raised by analysts at Canaccord Genuity from $425.00 to $500.00. They now have a “buy” rating on the stock.
  • 6/26/2018 – Chipotle Mexican Grill had its price target raised by analysts at Bank of America Corp from $310.00 to $350.00. They now have an “underperform” rating on the stock.
  • 6/22/2018 – Chipotle Mexican Grill had its price target raised by analysts at Wedbush from $350.00 to $450.00. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 6/21/2018 – Chipotle Mexican Grill had its price target raised by analysts at Telsey Advisory Group from $350.00 to $465.00. They now have a “market perform” rating on the stock.

Shares of NYSE:CMG traded up $7.74 during trading hours on Friday, reaching $510.44. The stock had a trading volume of 724,385 shares, compared to its average volume of 1,030,494. Chipotle Mexican Grill, Inc. has a 1 year low of $247.51 and a 1 year high of $530.68. The company has a market cap of $13.50 billion, a PE ratio of 77.34, a P/E/G ratio of 3.25 and a beta of 0.41.

Large investors have recently made changes to their positions in the business. Global X Management Co. LLC grew its position in shares of Chipotle Mexican Grill by 12.0% in the 1st quarter. Global X Management Co. LLC now owns 1,748 shares of the restaurant operator’s stock valued at $565,000 after buying an additional 187 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Chipotle Mexican Grill by 2.1% in the 1st quarter. Wells Fargo & Company MN now owns 92,320 shares of the restaurant operator’s stock valued at $29,830,000 after buying an additional 1,907 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Chipotle Mexican Grill by 67.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,270 shares of the restaurant operator’s stock valued at $410,000 after buying an additional 512 shares during the last quarter. Sentry Investment Management LLC grew its position in shares of Chipotle Mexican Grill by 26.9% in the 1st quarter. Sentry Investment Management LLC now owns 1,815 shares of the restaurant operator’s stock valued at $586,000 after buying an additional 385 shares during the last quarter. Finally, Check Capital Management Inc. CA grew its position in shares of Chipotle Mexican Grill by 21.5% in the 1st quarter. Check Capital Management Inc. CA now owns 125,897 shares of the restaurant operator’s stock valued at $40,679,000 after buying an additional 22,247 shares during the last quarter. 86.34% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

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