Chipotle Mexican Grill Inc. (NYSE:CMG)‘s stock had its “underperform” rating restated by investment analysts at Wedbush in a report issued on Monday. They currently have a $370.00 price target on the stock, down from their prior price target of $400.00. Wedbush’s price objective would suggest a potential downside of 6.17% from the stock’s previous close.

CMG has been the topic of a number of other research reports. Goldman Sachs Group Inc. lowered their target price on Chipotle Mexican Grill from $490.00 to $445.00 and set a “neutral” rating on the stock in a report on Tuesday, July 19th. Jefferies Group reissued a “sell” rating on shares of Chipotle Mexican Grill in a report on Friday, August 5th. Citigroup Inc. lifted their price objective on Chipotle Mexican Grill from $488.00 to $517.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. Vetr lowered Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $449.21 price objective on the stock. in a report on Tuesday, July 12th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and set a $590.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, July 18th. Seven equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $478.85.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill (NYSE:CMG) traded down 2.42% on Monday, hitting $394.35. The stock had a trading volume of 1,244,549 shares. Chipotle Mexican Grill has a 1-year low of $384.77 and a 1-year high of $720.50. The firm has a market cap of $11.48 billion, a P/E ratio of 56.81 and a beta of 0.60. The firm’s 50-day moving average price is $418.85 and its 200-day moving average price is $422.94.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by $0.06. The business earned $998.40 million during the quarter, compared to analyst estimates of $1.06 billion. Chipotle Mexican Grill had a net margin of 5.24% and a return on equity of 11.22%. On average, equities research analysts predict that Chipotle Mexican Grill will post $0.24 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Raymond James Trust N.A. raised its position in shares of Chipotle Mexican Grill by 0.5% in the third quarter. Raymond James Trust N.A. now owns 885 shares of the company’s stock worth $374,000 after buying an additional 4 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Chipotle Mexican Grill by 0.6% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,094 shares of the company’s stock worth $441,000 after buying an additional 6 shares during the period. Iron Financial LLC raised its position in shares of Chipotle Mexican Grill by 1.9% in the second quarter. Iron Financial LLC now owns 687 shares of the company’s stock worth $277,000 after buying an additional 13 shares during the period. Bank of Nova Scotia raised its position in shares of Chipotle Mexican Grill by 3.4% in the second quarter. Bank of Nova Scotia now owns 608 shares of the company’s stock worth $245,000 after buying an additional 20 shares during the period. Finally, Gagnon Securities LLC raised its position in shares of Chipotle Mexican Grill by 1.3% in the second quarter. Gagnon Securities LLC now owns 1,583 shares of the company’s stock worth $638,000 after buying an additional 20 shares during the period. Institutional investors own 96.62% of the company’s stock.

Chipotle Mexican Grill Company Profile

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

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