Chipotle Mexican Grill, Inc. (NYSE:CMG) has been given a consensus recommendation of “Hold” by the forty ratings firms that are covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $430.10.

Several research analysts have commented on the stock. Royal Bank of Canada lifted their price objective on shares of Chipotle Mexican Grill to $450.00 and gave the stock a “sector perform” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. William Blair reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, August 1st. Canaccord Genuity lifted their price objective on shares of Chipotle Mexican Grill from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Maxim Group lifted their price objective on shares of Chipotle Mexican Grill from $420.00 to $430.00 and gave the stock a “hold” rating in a research note on Friday, July 27th. Finally, Morgan Stanley lifted their price objective on shares of Chipotle Mexican Grill from $398.00 to $413.00 and gave the stock an “equal weight” rating in a research note on Friday, July 27th.

CMG stock opened at $490.76 on Friday. Chipotle Mexican Grill has a fifty-two week low of $247.51 and a fifty-two week high of $530.68. The firm has a market capitalization of $13.27 billion, a P/E ratio of 74.36, a price-to-earnings-growth ratio of 3.15 and a beta of 0.22.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Thursday, October 25th. The restaurant operator reported $2.16 EPS for the quarter, topping the consensus estimate of $2.00 by $0.16. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.14%. As a group, research analysts predict that Chipotle Mexican Grill will post 8.48 EPS for the current year.

In other news, Director Pershing Square Capital Manage sold 118,307 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $472.05, for a total transaction of $55,846,819.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.19% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Chipotle Mexican Grill by 7.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,748 shares of the restaurant operator’s stock valued at $754,000 after acquiring an additional 115 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Chipotle Mexican Grill by 6.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,802 shares of the restaurant operator’s stock valued at $918,000 after acquiring an additional 116 shares in the last quarter. Carnegie Capital Asset Management LLC raised its holdings in shares of Chipotle Mexican Grill by 7.1% in the second quarter. Carnegie Capital Asset Management LLC now owns 2,252 shares of the restaurant operator’s stock valued at $1,111,000 after acquiring an additional 150 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Chipotle Mexican Grill by 12.6% in the third quarter. IFM Investors Pty Ltd now owns 1,387 shares of the restaurant operator’s stock valued at $630,000 after acquiring an additional 155 shares in the last quarter. Finally, Commerce Bank raised its holdings in shares of Chipotle Mexican Grill by 31.5% in the third quarter. Commerce Bank now owns 681 shares of the restaurant operator’s stock valued at $309,000 after acquiring an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.

Chipotle Mexican Grill Company Profile

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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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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