Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating reissued by investment analysts at Goldman Sachs Group, Inc. (The) in a note issued to investors on Wednesday. They presently have a $360.00 price target on the restaurant operator’s stock. Goldman Sachs Group, Inc. (The)’s price target points to a potential upside of 14.94% from the stock’s previous close.

CMG has been the topic of several other research reports. Cowen and Company cut shares of Chipotle Mexican Grill from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $370.00 to $250.00 in a report on Friday, September 8th. ValuEngine cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $385.00 target price on shares of Chipotle Mexican Grill in a report on Friday, September 1st. Credit Suisse Group reaffirmed a “neutral” rating and issued a $320.00 target price (down previously from $335.00) on shares of Chipotle Mexican Grill in a report on Friday, August 25th. Finally, Standpoint Research raised shares of Chipotle Mexican Grill from an “underperform” rating to a “hold” rating in a report on Friday, August 25th. Six equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $398.97.

Chipotle Mexican Grill (NYSE:CMG) opened at 313.22 on Wednesday. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 67.33 and a beta of 0.64. The company’s 50 day moving average is $318.10 and its 200 day moving average is $407.26. Chipotle Mexican Grill has a 1-year low of $295.11 and a 1-year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm posted $0.87 earnings per share. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. Equities research analysts forecast that Chipotle Mexican Grill will post $7.59 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of CMG. Lord Abbett & CO. LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $10,887,000. Toronto Dominion Bank boosted its position in shares of Chipotle Mexican Grill by 24.7% in the 2nd quarter. Toronto Dominion Bank now owns 9,676 shares of the restaurant operator’s stock worth $4,025,000 after buying an additional 1,914 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Chipotle Mexican Grill by 7.8% in the 2nd quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock worth $322,000 after buying an additional 56 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Chipotle Mexican Grill by 945.1% in the 2nd quarter. Advisory Services Network LLC now owns 951 shares of the restaurant operator’s stock worth $396,000 after buying an additional 860 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth about $313,000. Institutional investors own 90.08% of the company’s stock.

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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