Chipotle Mexican Grill, Inc. (NYSE:CMG) has earned an average rating of “Hold” from the forty-one brokerages that are covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a sell recommendation, twenty-one have assigned a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $407.27.

A number of research firms have commented on CMG. UBS AG reiterated a “neutral” rating and issued a $410.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, March 29th. Barclays PLC upped their price target on Chipotle Mexican Grill from $395.00 to $415.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 26th. Cowen and Company upped their price target on Chipotle Mexican Grill from $375.00 to $440.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. J P Morgan Chase & Co boosted their price objective on Chipotle Mexican Grill from $365.00 to $420.00 and gave the company a “neutral” rating in a research note on Wednesday, April 26th. Finally, Vetr raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 price objective on the stock in a research note on Monday, May 15th.

Chipotle Mexican Grill (NYSE:CMG) traded up 2.71% during trading on Monday, reaching $349.84. The company’s stock had a trading volume of 1,701,117 shares. Chipotle Mexican Grill has a 52-week low of $336.52 and a 52-week high of $499.00. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 108.21 and a beta of 0.64. The firm has a 50 day moving average price of $408.72 and a 200-day moving average price of $432.70.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. Chipotle Mexican Grill had a return on equity of 10.71% and a net margin of 3.17%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The business’s revenue was up 17.1% on a year-over-year basis. On average, analysts expect that Chipotle Mexican Grill will post $7.78 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Cim LLC boosted its stake in shares of Chipotle Mexican Grill by 12.5% in the first quarter. Cim LLC now owns 11,356 shares of the restaurant operator’s stock worth $5,059,000 after buying an additional 1,261 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its stake in shares of Chipotle Mexican Grill by 1.1% in the first quarter. Beese Fulmer Investment Management Inc. now owns 3,088 shares of the restaurant operator’s stock worth $1,376,000 after buying an additional 33 shares in the last quarter. Heritage Investors Management Corp boosted its stake in shares of Chipotle Mexican Grill by 4.6% in the first quarter. Heritage Investors Management Corp now owns 12,115 shares of the restaurant operator’s stock worth $5,397,000 after buying an additional 529 shares in the last quarter. Pennsylvania Trust Co bought a new stake in shares of Chipotle Mexican Grill during the first quarter worth $267,000. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in shares of Chipotle Mexican Grill by 2.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 25,144 shares of the restaurant operator’s stock worth $11,202,000 after buying an additional 521 shares in the last quarter. Institutional investors and hedge funds own 95.71% of the company’s stock.

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Chipotle Mexican Grill Company Profile

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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