Chipotle Mexican Grill (NYSE:CMG)‘s stock had its “buy” rating reissued by stock analysts at Maxim Group in a research note issued on Wednesday. They presently have a $410.00 target price on the restaurant operator’s stock. Maxim Group’s price objective points to a potential upside of 28.26% from the company’s previous close.

The analysts wrote, “We maintain our Buy rating and $410 price target on Chipotle Mexican Grill (CMG) following news that the company’s chief marketing officer, Mark Crumpacker, is exiting the company effective today. We regard today’s news as a sign that new CEO Brian Niccol is moving quickly to take action and make his presence known.””

How to Become a New Pot Stock Millionaire

Other equities analysts have also recently issued research reports about the stock. Credit Suisse Group reissued a “neutral” rating and set a $275.00 target price (down previously from $330.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, February 7th. Robert W. Baird dropped their target price on shares of Chipotle Mexican Grill from $310.00 to $295.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 7th. Wedbush cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating and set a $280.00 target price on the stock. in a research report on Wednesday, February 7th. Barclays dropped their target price on shares of Chipotle Mexican Grill from $325.00 to $305.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada dropped their target price on shares of Chipotle Mexican Grill to $310.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 7th. Eight equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $337.77.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded down $7.14 during midday trading on Wednesday, reaching $319.66. 760,908 shares of the company traded hands, compared to its average volume of 1,339,780. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $499.00. The company has a market cap of $8,900.00, a PE ratio of 51.89, a price-to-earnings-growth ratio of 2.22 and a beta of 0.58.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm earned $0.55 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. research analysts anticipate that Chipotle Mexican Grill will post 8.29 EPS for the current fiscal year.

In other Chipotle Mexican Grill news, Director Ali Namvar acquired 3,000 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average cost of $317.70 per share, for a total transaction of $953,100.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Pershing Square Capital Manage acquired 420,322 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $318.14 per share, with a total value of $133,721,241.08. The disclosure for this purchase can be found here. Insiders purchased a total of 423,822 shares of company stock valued at $134,819,781 over the last quarter. 2.01% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Chipotle Mexican Grill by 0.5% in the 4th quarter. BlackRock Inc. now owns 1,559,197 shares of the restaurant operator’s stock valued at $450,653,000 after purchasing an additional 7,805 shares during the period. Clearbridge Investments LLC boosted its holdings in Chipotle Mexican Grill by 6.4% in the 4th quarter. Clearbridge Investments LLC now owns 691,054 shares of the restaurant operator’s stock valued at $199,735,000 after purchasing an additional 41,468 shares during the period. Independent Franchise Partners LLP bought a new position in Chipotle Mexican Grill in the 4th quarter valued at $107,391,000. Geode Capital Management LLC boosted its holdings in Chipotle Mexican Grill by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 255,862 shares of the restaurant operator’s stock valued at $73,795,000 after purchasing an additional 2,179 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in Chipotle Mexican Grill by 1.4% in the 3rd quarter. Brown Advisory Inc. now owns 216,827 shares of the restaurant operator’s stock valued at $66,745,000 after purchasing an additional 3,069 shares during the period. Institutional investors and hedge funds own 84.12% of the company’s stock.

WARNING: “Chipotle Mexican Grill (CMG) Given Buy Rating at Maxim Group” was posted by Daily Political and is the property of of Daily Political. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.dailypolitical.com/2018/03/14/chipotle-mexican-grill-cmg-given-buy-rating-at-maxim-group.html.

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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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