Chipotle Mexican Grill (NYSE:CMG) had its price target hoisted by Wells Fargo & Co from $420.00 to $464.00 in a research note issued to investors on Friday. The firm currently has a market perform rating on the restaurant operator’s stock.

CMG has been the subject of several other research reports. Zacks Investment Research lowered shares of Chipotle Mexican Grill from a hold rating to a sell rating in a research note on Thursday, January 3rd. Oppenheimer lowered shares of Chipotle Mexican Grill from a market perform rating to an underperform rating and set a $400.00 price objective for the company. in a research note on Monday, October 1st. They noted that the move was a valuation call. UBS Group lowered shares of Chipotle Mexican Grill from a market perform rating to an underperform rating in a research note on Monday, October 1st. KeyCorp started coverage on shares of Chipotle Mexican Grill in a research note on Wednesday, October 3rd. They issued an overweight rating and a $500.00 price objective for the company. Finally, CIBC reiterated an underperform rating on shares of Chipotle Mexican Grill in a research note on Monday, October 1st. Ten research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Chipotle Mexican Grill has a consensus rating of Hold and an average price target of $435.91.

Shares of CMG traded down $2.67 on Friday, reaching $506.95. The company’s stock had a trading volume of 785,193 shares, compared to its average volume of 826,624. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $530.68. The firm has a market capitalization of $13.85 billion, a PE ratio of 76.81, a P/E/G ratio of 2.34 and a beta of 0.33.

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, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.16. The firm 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%. Sell-side analysts predict that Chipotle Mexican Grill will post 8.46 earnings per share for the current fiscal year.

In other news, Director Pershing Square Capital Manage sold 118,307 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $472.05, for a total transaction of $55,846,819.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.19% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in Chipotle Mexican Grill by 255.0% in the 3rd quarter. Renaissance Technologies LLC now owns 792,000 shares of the restaurant operator’s stock worth $359,980,000 after buying an additional 568,900 shares during the period. Capital International Investors boosted its holdings in Chipotle Mexican Grill by 220.1% in the 3rd quarter. Capital International Investors now owns 738,410 shares of the restaurant operator’s stock worth $335,622,000 after buying an additional 507,700 shares during the period. Baillie Gifford & Co. bought a new position in Chipotle Mexican Grill in the 3rd quarter worth approximately $229,937,000. Jennison Associates LLC boosted its holdings in Chipotle Mexican Grill by 128.5% in the 3rd quarter. Jennison Associates LLC now owns 830,269 shares of the restaurant operator’s stock worth $377,374,000 after buying an additional 466,849 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Chipotle Mexican Grill by 2,464.4% in the 3rd quarter. AQR Capital Management LLC now owns 218,202 shares of the restaurant operator’s stock worth $99,177,000 after buying an additional 209,693 shares during the period. Institutional investors own 91.25% 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 September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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