Mizuho downgraded shares of Chipotle Mexican Grill (NYSE:CMG) from a neutral rating to an underperform rating in a research report report published on Tuesday morning, MarketBeat reports. The brokerage currently has $330.00 price objective on the restaurant operator’s stock, up from their previous price objective of $300.00.

Several other research analysts have also weighed in on CMG. Wedbush reiterated a neutral rating and issued a $310.00 price objective (up from $285.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, March 13th. Maxim Group reiterated a buy rating and issued a $410.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, March 14th. Piper Jaffray Companies reiterated an overweight rating and issued a $355.00 price objective (up from $318.00) on shares of Chipotle Mexican Grill in a research report on Thursday, March 15th. Vetr lowered Chipotle Mexican Grill from a hold rating to a sell rating and set a $319.64 price objective for the company. in a research report on Wednesday, March 21st. Finally, Zacks Investment Research upgraded Chipotle Mexican Grill from a sell rating to a hold rating in a research report on Tuesday, March 27th. Six analysts have rated the stock with a sell rating, twenty-four have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $381.62.

Shares of Chipotle Mexican Grill stock opened at $459.05 on Tuesday. The company has a market cap of $12.77 billion, a price-to-earnings ratio of 69.55, a PEG ratio of 3.12 and a beta of 0.50. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $474.46.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 25th. The restaurant operator reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.56. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Chipotle Mexican Grill had a return on equity of 14.50% and a net margin of 4.16%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.60 earnings per share. equities research analysts expect that Chipotle Mexican Grill will post 8.64 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Investors Inc. PA raised its stake in Chipotle Mexican Grill by 71.7% in the first quarter. Federated Investors Inc. PA now owns 541 shares of the restaurant operator’s stock valued at $175,000 after buying an additional 226 shares in the last quarter. IFP Advisors Inc raised its stake in Chipotle Mexican Grill by 162.7% in the first quarter. IFP Advisors Inc now owns 599 shares of the restaurant operator’s stock valued at $194,000 after buying an additional 371 shares in the last quarter. Koch Industries Inc. acquired a new stake in Chipotle Mexican Grill in the first quarter valued at $206,000. Gables Capital Management Inc. acquired a new stake in Chipotle Mexican Grill in the first quarter valued at $207,000. Finally, BKS Advisors LLC acquired a new stake in Chipotle Mexican Grill in the first quarter valued at $207,000. Institutional investors and hedge funds own 86.41% of the company’s stock.

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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