Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “hold” rating reaffirmed by investment analysts at Maxim Group in a report released on Tuesday, Marketbeat reports. They currently have a $650.00 price target on the restaurant operator’s stock, up from their prior price target of $635.00. Maxim Group’s price objective indicates a potential downside of 11.89% from the company’s current price.

Several other research firms have also weighed in on CMG. Zacks Investment Research lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday, February 11th. Jefferies Financial Group lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating and boosted their target price for the company from $600.00 to $700.00 in a research note on Thursday, April 11th. Citigroup boosted their target price on shares of Chipotle Mexican Grill from $695.00 to $797.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Oppenheimer boosted their target price on shares of Chipotle Mexican Grill from $400.00 to $525.00 and gave the company an “underperform” rating in a research note on Thursday, April 25th. Finally, Stifel Nicolaus boosted their target price on shares of Chipotle Mexican Grill from $500.00 to $700.00 and gave the company an “underperform” rating in a research note on Friday, April 5th. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $648.66.

Shares of NYSE:CMG opened at $737.74 on Tuesday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.44 and a quick ratio of 1.41. The firm has a market capitalization of $20.40 billion, a P/E ratio of 81.43, a P/E/G ratio of 2.85 and a beta of 0.63. Chipotle Mexican Grill has a 12-month low of $383.20 and a 12-month high of $743.43.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.39. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.27 billion. Chipotle Mexican Grill had a net margin of 4.08% and a return on equity of 19.78%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 earnings per share. Equities research analysts predict that Chipotle Mexican Grill will post 13 earnings per share for the current year.

In related news, CFO Jack Hartung sold 5,093 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $649.00, for a total value of $3,305,357.00. Following the completion of the sale, the chief financial officer now owns 45,237 shares of the company’s stock, valued at $29,358,813. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 7,751 shares of company stock valued at $5,112,797 in the last ninety days. Corporate insiders own 2.21% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Piedmont Investment Advisors Inc. lifted its holdings in Chipotle Mexican Grill by 5.8% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 2,126 shares of the restaurant operator’s stock worth $918,000 after purchasing an additional 117 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Chipotle Mexican Grill by 101.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 307,230 shares of the restaurant operator’s stock valued at $132,659,000 after acquiring an additional 154,428 shares during the last quarter. Columbus Circle Investors lifted its holdings in Chipotle Mexican Grill by 10.5% in the 1st quarter. Columbus Circle Investors now owns 90,220 shares of the restaurant operator’s stock valued at $64,084,000 after acquiring an additional 8,573 shares during the last quarter. Trillium Asset Management LLC lifted its holdings in Chipotle Mexican Grill by 6.8% in the 4th quarter. Trillium Asset Management LLC now owns 5,348 shares of the restaurant operator’s stock valued at $2,309,000 after acquiring an additional 339 shares during the last quarter. Finally, Capital Wealth Management LLC acquired a new stake in Chipotle Mexican Grill in the 1st quarter valued at about $234,000. 95.08% of the stock is owned by institutional investors and hedge funds.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-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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