Wedbush reaffirmed their neutral rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research report sent to investors on Wednesday, MarketBeat.com reports. Wedbush currently has a $290.00 price target on the restaurant operator’s stock, down from their previous price target of $350.00. Wedbush also issued estimates for Chipotle Mexican Grill’s Q3 2017 earnings at $1.47 EPS, Q4 2017 earnings at $1.85 EPS, FY2017 earnings at $7.24 EPS, Q1 2018 earnings at $1.87 EPS, Q2 2018 earnings at $2.54 EPS, Q3 2018 earnings at $1.94 EPS, Q4 2018 earnings at $2.51 EPS, FY2018 earnings at $8.86 EPS, Q1 2019 earnings at $2.45 EPS, Q2 2019 earnings at $3.10 EPS, Q3 2019 earnings at $2.37 EPS and FY2019 earnings at $10.90 EPS.

A number of other equities research analysts also recently issued reports on the stock. BTIG Research reaffirmed a neutral rating on shares of Chipotle Mexican Grill in a research note on Tuesday, October 3rd. Jefferies Group LLC reaffirmed a hold rating and set a $350.00 price target on shares of Chipotle Mexican Grill in a research note on Tuesday, October 3rd. Robert W. Baird reaffirmed a hold rating and set a $340.00 price target (down previously from $385.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, October 3rd. Stifel Nicolaus assumed coverage on shares of Chipotle Mexican Grill in a research note on Monday, October 2nd. They set a hold rating and a $345.00 price target on the stock. Finally, Cowen and Company reaffirmed an underperform rating and set a $250.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, October 2nd. Seven equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $392.13.

Chipotle Mexican Grill (NYSE:CMG) opened at 326.45 on Wednesday. The stock has a market cap of $9.31 billion, a PE ratio of 70.17 and a beta of 0.60. The company has a 50-day moving average of $311.38 and a 200-day moving average of $394.76. Chipotle Mexican Grill has a 12 month low of $295.11 and a 12 month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.16. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. Chipotle Mexican Grill’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. On average, equities analysts forecast that Chipotle Mexican Grill will post $7.46 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Chipotle Mexican Grill, Inc. (CMG) Receives “Neutral” Rating from Wedbush” was first published by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/10/15/chipotle-mexican-grill-inc-cmg-receives-neutral-rating-from-wedbush.html.

Several institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. raised its position in shares of Chipotle Mexican Grill by 159.1% in the 3rd quarter. Eqis Capital Management Inc. now owns 3,801 shares of the restaurant operator’s stock valued at $1,170,000 after purchasing an additional 2,334 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter valued at approximately $10,887,000. Toronto Dominion Bank raised 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 valued at $4,025,000 after purchasing an additional 1,914 shares during the last quarter. Cetera Investment Advisers raised 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 valued at $322,000 after purchasing an additional 56 shares during the last quarter. Finally, Advisory Services Network LLC raised 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 valued at $396,000 after purchasing an additional 860 shares during the last quarter. 90.04% of the stock is owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with MarketBeat.com's FREE daily email newsletter.