Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “neutral” rating reiterated by equities researchers at Credit Suisse Group in a research report issued on Tuesday, The Fly reports. They currently have a $330.00 target price on the restaurant operator’s stock, up from their previous target price of $275.00.

Other analysts also recently issued reports about the company. William Blair reissued a “hold” rating on shares of Chipotle Mexican Grill in a research note on Monday. Telsey Advisory Group downgraded Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $370.00 to $330.00 in a research note on Wednesday, October 25th. Deutsche Bank set a $240.00 price objective on Chipotle Mexican Grill and gave the stock a “sell” rating in a research note on Wednesday, October 25th. SunTrust Banks set a $355.00 price objective on Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Wedbush reissued a “hold” rating and issued a $290.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, October 25th. Five research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Chipotle Mexican Grill presently has an average rating of “Hold” and an average price target of $361.42.

Shares of Chipotle Mexican Grill (CMG) opened at $330.00 on Tuesday. The company has a market capitalization of $9,708.45, a P/E ratio of 63.95, a PEG ratio of 2.06 and a beta of 0.50. Chipotle Mexican Grill has a 52 week low of $263.00 and a 52 week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.91). The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. analysts anticipate that Chipotle Mexican Grill will post 6.58 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Interstate Bank grew its holdings in Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after purchasing an additional 250 shares during the period. Mercer Capital Advisers Inc. bought a new position in Chipotle Mexican Grill during the third quarter valued at $183,000. Pacer Advisors Inc. grew its holdings in Chipotle Mexican Grill by 43.2% during the third quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock valued at $219,000 after purchasing an additional 215 shares during the period. Ahrens Investment Partners LLC bought a new position in Chipotle Mexican Grill during the third quarter valued at $234,000. Finally, TLP Group LLC bought a new position in Chipotle Mexican Grill during the second quarter valued at $251,000. 88.71% of the stock is owned by institutional investors and hedge funds.

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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.

The Fly

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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