Wedbush restated their neutral rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a report released on Saturday morning. The firm currently has a $390.00 price target on the restaurant operator’s stock, down from their prior price target of $450.00.

A number of other brokerages have also recently issued reports on CMG. Vetr upgraded shares of Chipotle Mexican Grill from a sell rating to a hold rating and set a $493.69 price objective for the company in a report on Monday, May 15th. ValuEngine upgraded shares of Chipotle Mexican Grill from a sell rating to a hold rating in a report on Friday, June 2nd. Stephens boosted their price target on shares of Chipotle Mexican Grill from $325.00 to $350.00 and gave the stock an underweight rating in a report on Wednesday, April 26th. Royal Bank Of Canada upgraded shares of Chipotle Mexican Grill from a hold rating to an outperform rating in a report on Thursday, April 27th. Finally, Nomura restated a hold rating and set a $510.00 price target on shares of Chipotle Mexican Grill in a report on Friday, April 28th. Nine investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and a consensus target price of $428.53.

Chipotle Mexican Grill (CMG) traded down 3.01% during trading on Friday, hitting $345.34. 3,198,286 shares of the stock were exchanged. The firm has a market cap of $9.90 billion, a PE ratio of 106.82 and a beta of 0.64. The firm’s 50-day moving average is $427.08 and its 200 day moving average is $434.55. Chipotle Mexican Grill has a 52 week low of $344.21 and a 52 week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.32. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Chipotle Mexican Grill had a net margin of 2.31% and a return on equity of 7.72%. The business’s revenue was up 28.1% on a year-over-year basis. During the same period last year, the company earned ($0.88) earnings per share. Analysts expect that Chipotle Mexican Grill will post $8.03 earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Chipotle Mexican Grill by 2.6% in the first quarter. Vanguard Group Inc. now owns 2,719,423 shares of the restaurant operator’s stock worth $1,211,558,000 after buying an additional 69,007 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock worth $1,080,155,000 after buying an additional 2,353,372 shares during the period. State Street Corp boosted its stake in shares of Chipotle Mexican Grill by 3.7% in the first quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock worth $551,348,000 after buying an additional 44,694 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Chipotle Mexican Grill by 13.7% in the first quarter. Clearbridge Investments LLC now owns 359,366 shares of the restaurant operator’s stock worth $160,105,000 after buying an additional 43,396 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Chipotle Mexican Grill by 26.5% in the first quarter. American Century Companies Inc. now owns 352,826 shares of the restaurant operator’s stock worth $157,191,000 after buying an additional 73,914 shares during the period. 95.62% of the stock is currently owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (Chipotle), 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. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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