Chipotle Mexican Grill Inc. (NYSE:CMG)‘s stock had its “sell” rating restated by equities researchers at Maxim Group in a research report issued on Wednesday. They currently have a $325.00 price target on the stock, up from their previous price target of $300.00. Maxim Group’s price objective would suggest a potential downside of 23.17% from the stock’s previous close.

CMG has been the subject of several other reports. BTIG Research reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a report on Wednesday, June 29th. Jefferies Group reiterated an “underperform” rating and issued a $330.00 price target (down from $350.00) on shares of Chipotle Mexican Grill in a report on Monday, July 25th. Vetr downgraded Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $448.48 price target for the company. in a report on Wednesday, June 29th. SunTrust Banks Inc. reiterated a “buy” rating and issued a $550.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, June 22nd. Finally, Cowen and Company reiterated a “hold” rating on shares of Chipotle Mexican Grill in a report on Monday, July 18th. Seven research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $480.65.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill (NYSE:CMG) opened at 423.02 on Wednesday. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 60.95 and a beta of 0.60. The stock’s 50 day moving average price is $418.32 and its 200 day moving average price is $424.50. Chipotle Mexican Grill has a 52-week low of $384.77 and a 52-week high of $742.40.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by $0.06. The firm had revenue of $998.40 million for the quarter, compared to analyst estimates of $1.06 billion. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%. On average, analysts forecast that Chipotle Mexican Grill will post $0.24 EPS for the current year.

A number of hedge funds have recently modified their holdings of the company. Glenmede Trust Co. NA boosted its stake in shares of Chipotle Mexican Grill by 8.6% in the first quarter. Glenmede Trust Co. NA now owns 1,420 shares of the company’s stock worth $667,000 after buying an additional 112 shares during the last quarter. BlackRock Japan Co. Ltd boosted its stake in shares of Chipotle Mexican Grill by 3.7% in the first quarter. BlackRock Japan Co. Ltd now owns 40,659 shares of the company’s stock worth $19,149,000 after buying an additional 1,467 shares during the last quarter. ING Groep NV boosted its stake in shares of Chipotle Mexican Grill by 18.1% in the first quarter. ING Groep NV now owns 2,207 shares of the company’s stock worth $1,040,000 after buying an additional 338 shares during the last quarter. Aviva PLC boosted its stake in shares of Chipotle Mexican Grill by 0.4% in the first quarter. Aviva PLC now owns 15,699 shares of the company’s stock worth $7,394,000 after buying an additional 69 shares during the last quarter. Finally, Maryland Capital Management boosted its stake in shares of Chipotle Mexican Grill by 8.4% in the first quarter. Maryland Capital Management now owns 43,602 shares of the company’s stock worth $20,535,000 after buying an additional 3,397 shares during the last quarter. Hedge funds and other institutional investors own 96.66% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany.

5 Day Chart for NYSE:CMG

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