Buckingham Research reissued their buy rating on shares of Chipotle Mexican Grill Inc. (NYSE:CMG) in a research report report published on Friday. They currently have a $547.00 target price on the stock.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

A number of other brokerages also recently weighed in on CMG. Cleveland Research downgraded shares of Chipotle Mexican Grill from a buy rating to a neutral rating in a report on Thursday, May 26th. Vetr raised shares of Chipotle Mexican Grill from a hold rating to a buy rating and set a $467.97 price target for the company in a report on Monday, May 30th. Nomura reissued a neutral rating and issued a $420.00 price target on shares of Chipotle Mexican Grill in a report on Friday, June 3rd. JPMorgan Chase & Co. reissued a buy rating and issued a $425.00 price target on shares of Chipotle Mexican Grill in a report on Friday, July 22nd. Finally, BTIG Research reissued a neutral rating on shares of Chipotle Mexican Grill in a report on Sunday, July 24th. Seven research analysts have rated the stock with a sell rating, nineteen have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Chipotle Mexican Grill currently has a consensus rating of Hold and a consensus price target of $481.78.

Chipotle Mexican Grill (NYSE:CMG) opened at 400.42 on Friday. Chipotle Mexican Grill has a 1-year low of $384.77 and a 1-year high of $757.00. The firm has a market capitalization of $11.66 billion, a price-to-earnings ratio of 57.69 and a beta of 0.59. The firm’s 50-day moving average is $408.07 and its 200-day moving average is $431.75.

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

Several large investors have recently made changes to their positions in CMG. Ruane Cunniff & Goldfarb Inc. raised its stake in shares of Chipotle Mexican Grill by 522.5% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 584,367 shares of the company’s stock valued at $235,360,000 after buying an additional 490,487 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Chipotle Mexican Grill by 1.7% in the first quarter. BlackRock Fund Advisors now owns 573,551 shares of the company’s stock valued at $270,125,000 after buying an additional 9,848 shares in the last quarter. Generation Investment Management LLP acquired a new stake in shares of Chipotle Mexican Grill during the second quarter valued at about $230,936,000. TIAA CREF Investment Management LLC raised its stake in shares of Chipotle Mexican Grill by 17.3% in the second quarter. TIAA CREF Investment Management LLC now owns 428,415 shares of the company’s stock valued at $172,548,000 after buying an additional 63,204 shares in the last quarter. Finally, Marsico Capital Management LLC raised its stake in shares of Chipotle Mexican Grill by 2.0% in the first quarter. Marsico Capital Management LLC now owns 372,629 shares of the company’s stock valued at $175,497,000 after buying an additional 7,248 shares in the last quarter. 96.65% of the stock is owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

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

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