Sanford C. Bernstein reiterated their outperform rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report published on Wednesday, The Fly reports. The brokerage currently has a $500.00 target price on the restaurant operator’s stock, down from their prior target price of $564.00.

Several other analysts have also recently issued reports on CMG. Wedbush reaffirmed a neutral rating and issued a $290.00 price target (down from $350.00) on shares of Chipotle Mexican Grill in a report on Wednesday, October 11th. Piper Jaffray Companies set a $510.00 price target on shares of Chipotle Mexican Grill and gave the company a buy rating in a report on Wednesday, October 11th. Wells Fargo & Co reaffirmed a hold rating on shares of Chipotle Mexican Grill in a report on Friday, October 13th. Bank of America cut shares of Chipotle Mexican Grill from a neutral rating to an underperform rating and cut their price target for the company from $390.00 to $285.00 in a report on Wednesday, October 18th. Finally, Deutsche Bank set a $250.00 target price on shares of Chipotle Mexican Grill and gave the stock a sell rating in a report on Wednesday, October 18th. Ten investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill currently has an average rating of Hold and an average price target of $350.28.

Shares of Chipotle Mexican Grill (CMG) opened at $255.46 on Wednesday. The stock has a market cap of $7,429.73, a price-to-earnings ratio of 41.47, a P/E/G ratio of 1.67 and a beta of 0.59. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.02. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. research analysts predict that Chipotle Mexican Grill will post 8.68 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. First Interstate Bank increased its holdings in shares of Chipotle Mexican Grill by 111.1% in the 3rd quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after acquiring an additional 250 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Chipotle Mexican Grill by 75.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock worth $165,000 after acquiring an additional 246 shares during the period. Mercer Capital Advisers Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 3rd quarter worth about $183,000. National Asset Management Inc. increased its holdings in shares of Chipotle Mexican Grill by 35.5% in the 2nd quarter. National Asset Management Inc. now owns 656 shares of the restaurant operator’s stock worth $274,000 after acquiring an additional 172 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $197,000. 88.01% of the stock is currently 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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