Vetr upgraded shares of Chipotle Mexican Grill Inc. (NYSE:CMG) from a hold rating to a buy rating in a research report report published on Thursday morning. The brokerage currently has $431.18 price objective on the stock.

Several other equities research analysts have also issued reports on the company. Goldman Sachs Group Inc. dropped their price objective on Chipotle Mexican Grill from $490.00 to $445.00 and set a neutral rating for the company in a research note on Monday, July 25th. BTIG Research reissued a neutral rating on shares of Chipotle Mexican Grill in a research note on Monday, July 18th. Jefferies Group reissued an underperform rating and set a $330.00 price objective (down previously from $350.00) on shares of Chipotle Mexican Grill in a research note on Monday, July 25th. Nomura reissued a neutral rating and set a $405.00 price objective (down previously from $420.00) on shares of Chipotle Mexican Grill in a research note on Monday, July 25th. Finally, William Blair reissued a buy rating on shares of Chipotle Mexican Grill in a research note on Thursday, September 8th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fifteen have issued a buy rating to the stock. Chipotle Mexican Grill has an average rating of Hold and an average target price of $481.78.

Chipotle Mexican Grill (NYSE:CMG) opened at 402.76 on Thursday. Chipotle Mexican Grill has a one year low of $384.77 and a one year high of $757.00. The firm has a market cap of $11.73 billion, a PE ratio of 58.03 and a beta of 0.59. The firm has a 50-day moving average price of $408.46 and a 200-day moving average price of $432.68.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $0.93 by $0.06. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%. The company earned $998.40 million during the quarter, compared to the consensus estimate of $1.06 billion. On average, equities analysts expect that Chipotle Mexican Grill will post $0.24 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. WFG Advisors LP raised its stake in Chipotle Mexican Grill by 7.2% in the second quarter. WFG Advisors LP now owns 298 shares of the company’s stock valued at $120,000 after buying an additional 20 shares during the period. Van ECK Associates Corp raised its stake in Chipotle Mexican Grill by 21.4% in the second quarter. Van ECK Associates Corp now owns 301 shares of the company’s stock valued at $121,000 after buying an additional 53 shares during the period. Global X Management Co. LLC raised its stake in Chipotle Mexican Grill by 473.7% in the second quarter. Global X Management Co. LLC now owns 327 shares of the company’s stock valued at $132,000 after buying an additional 270 shares during the period. Cribstone Capital Management LLC bought a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $145,000. Finally, Carnick & Kubik LLC bought a new stake in Chipotle Mexican Grill during the first quarter valued at approximately $160,000. Hedge funds and other institutional investors own 96.65% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.

5 Day Chart for NYSE:CMG

To view Vetr’s full report, visit Vetr’s official website.

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