Maxim Group reaffirmed their buy rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research report sent to investors on Thursday, Marketbeat.com reports. They currently have a $425.00 price target on the restaurant operator’s stock, up from their previous price target of $400.00.

“We maintain our Buy rating on Chipotle Mexican Grill (CMG) and raise our price target to $425, from $400, ahead of the company’s release of 4Q17 (December) results on Tuesday, February 6, 2018.”,” the firm’s analyst wrote.

Other equities analysts have also recently issued research reports about the company. Telsey Advisory Group cut Chipotle Mexican Grill from an outperform rating to a market perform rating and dropped their target price for the stock from $370.00 to $330.00 in a research report on Wednesday, October 25th. Deutsche Bank set a $240.00 target price on Chipotle Mexican Grill and gave the stock a sell rating in a research report on Wednesday, October 25th. SunTrust Banks set a $355.00 target price on Chipotle Mexican Grill and gave the stock a buy rating in a research report on Wednesday, October 25th. Wedbush reiterated a hold rating and set a $290.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Finally, Canaccord Genuity reiterated a hold rating and set a $325.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, November 29th. Five investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill has a consensus rating of Hold and an average target price of $359.26.

Chipotle Mexican Grill (CMG) traded up $6.34 during midday trading on Thursday, reaching $343.87. The company’s stock had a trading volume of 1,152,974 shares, compared to its average volume of 1,020,246. Chipotle Mexican Grill has a 52 week low of $263.00 and a 52 week high of $499.00. The firm has a market cap of $9,710.00, a PE ratio of 66.64, a price-to-earnings-growth ratio of 2.00 and a beta of 0.50.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted $0.56 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. equities research analysts forecast that Chipotle Mexican Grill will post 6.58 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Simmons Bank lifted its stake in Chipotle Mexican Grill by 1.1% in the 2nd quarter. Simmons Bank now owns 1,257 shares of the restaurant operator’s stock valued at $523,000 after buying an additional 14 shares in the last quarter. Sii Investments Inc. WI lifted its stake in Chipotle Mexican Grill by 2.5% in the 2nd quarter. Sii Investments Inc. WI now owns 1,462 shares of the restaurant operator’s stock valued at $600,000 after buying an additional 35 shares in the last quarter. Suntrust Banks Inc. lifted its stake in Chipotle Mexican Grill by 4.7% in the 2nd quarter. Suntrust Banks Inc. now owns 940 shares of the restaurant operator’s stock valued at $389,000 after buying an additional 42 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Chipotle Mexican Grill by 1.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,938 shares of the restaurant operator’s stock valued at $1,223,000 after buying an additional 44 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its stake in Chipotle Mexican Grill by 10.1% in the 2nd quarter. Raymond James Trust N.A. now owns 545 shares of the restaurant operator’s stock valued at $227,000 after buying an additional 50 shares in the last quarter. 88.43% of the stock is currently owned by hedge funds and other institutional investors.

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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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