Wedbush reaffirmed their neutral rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report published on Tuesday morning, Marketbeat Ratings reports. They currently have a $310.00 target price on the restaurant operator’s stock, up from their prior target price of $285.00.

Other research analysts have also issued reports about the company. Credit Suisse Group reissued a neutral rating and issued a $275.00 price target (down from $330.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, February 7th. Robert W. Baird reduced their price target on Chipotle Mexican Grill from $310.00 to $295.00 and set a neutral rating for the company in a research report on Wednesday, February 7th. Barclays reduced their price target on Chipotle Mexican Grill from $325.00 to $305.00 and set an equal weight rating for the company in a research report on Wednesday, February 7th. Royal Bank of Canada reduced their price target on Chipotle Mexican Grill to $310.00 and set a sector perform rating for the company in a research report on Wednesday, February 7th. Finally, SunTrust Banks set a $340.00 price target on Chipotle Mexican Grill and gave the stock a buy rating in a research report on Wednesday, February 14th. Eight equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $337.77.

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Chipotle Mexican Grill (CMG) opened at $326.80 on Tuesday. The company has a market capitalization of $9,042.70, a price-to-earnings ratio of 49.13, a PEG ratio of 2.22 and a beta of 0.59. Chipotle Mexican Grill has a 1 year low of $247.51 and a 1 year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly 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. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS. equities analysts anticipate that Chipotle Mexican Grill will post 8.29 EPS for the current year.

In other news, Director Pershing Square Capital Manage purchased 420,322 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of $318.14 per share, for a total transaction of $133,721,241.08. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ali Namvar purchased 3,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were purchased at an average price of $317.70 per share, for a total transaction of $953,100.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 423,822 shares of company stock worth $134,819,781. Company insiders own 2.01% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Public Employees Retirement Association of Colorado lifted its holdings in shares of Chipotle Mexican Grill by 3.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 5,076 shares of the restaurant operator’s stock valued at $1,467,000 after buying an additional 161 shares during the period. Gagnon Securities LLC lifted its holdings in shares of Chipotle Mexican Grill by 8.5% in the 3rd quarter. Gagnon Securities LLC now owns 2,424 shares of the restaurant operator’s stock valued at $746,000 after buying an additional 190 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of Chipotle Mexican Grill by 10.5% in the 4th quarter. OppenheimerFunds Inc. now owns 2,113 shares of the restaurant operator’s stock valued at $611,000 after buying an additional 200 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Chipotle Mexican Grill by 43.2% in the 3rd quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock valued at $219,000 after buying an additional 215 shares during the period. Finally, Flinton Capital Management LLC lifted its holdings in shares of Chipotle Mexican Grill by 12.5% in the 4th quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock valued at $583,000 after buying an additional 224 shares during the period. 84.12% 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.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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