Chipotle Mexican Grill (NYSE:CMG) had its price objective increased by research analysts at Royal Bank of Canada to $340.00 in a research note issued to investors on Tuesday. The firm presently has a “market perform” rating on the restaurant operator’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 4.10% from the stock’s current price.

A number of other analysts have also recently issued reports on CMG. Zacks Investment Research raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Tuesday, April 10th. Piper Jaffray set a $355.00 price objective on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Tuesday, April 10th. Vetr cut shares of Chipotle Mexican Grill from a “sell” rating to a “strong sell” rating and set a $290.00 price objective for the company. in a research note on Monday, April 9th. Goldman Sachs reissued a “neutral” rating and issued a $285.00 price objective (down from $330.00) on shares of Chipotle Mexican Grill in a research note on Thursday, February 8th. Finally, BMO Capital Markets set a $275.00 price objective on shares of Chipotle Mexican Grill and gave the stock a “hold” rating in a research note on Wednesday, March 28th. Eight analysts have rated the stock with a sell rating, twenty-four have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $338.72.

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Shares of NYSE CMG opened at $326.60 on Tuesday. The firm has a market capitalization of $8,891.88, a PE ratio of 49.48, a PEG ratio of 2.20 and a beta of 0.55. 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 announced its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.02. The firm had revenue of $1.11 billion during 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 company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. research analysts anticipate that Chipotle Mexican Grill will post 8.24 EPS for the current year.

In other Chipotle Mexican Grill news, Director Ali Namvar acquired 3,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was acquired at an average price of $317.70 per share, for a total transaction of $953,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul T. Cappuccio acquired 500 shares of the stock in a transaction on Thursday, February 15th. The shares were acquired at an average price of $290.88 per share, with a total value of $145,440.00. Following the transaction, the director now directly owns 766 shares of the company’s stock, valued at $222,814.08. The disclosure for this purchase can be found here. Insiders have acquired 423,822 shares of company stock valued at $134,819,781 in the last quarter. 2.19% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Chipotle Mexican Grill by 0.5% during the fourth 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 last quarter. Clearbridge Investments LLC lifted its position in Chipotle Mexican Grill by 6.4% during the fourth 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 last quarter. Independent Franchise Partners LLP bought a new position in Chipotle Mexican Grill during the fourth quarter valued at $107,391,000. Geode Capital Management LLC lifted its holdings in shares of 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 worth $73,795,000 after acquiring an additional 2,179 shares during the last quarter. Finally, Timucuan Asset Management Inc. FL bought a new stake in shares of Chipotle Mexican Grill in the 4th quarter worth about $45,643,000. Institutional investors and hedge funds own 84.22% of the company’s stock.

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About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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