Chipotle Mexican Grill Inc. (NYSE:CMG) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research note issued on Monday. The brokerage presently has a $415.83 target price on the stock. Vetr‘s price target would suggest a potential upside of 5.45% from the stock’s previous close.

CMG has been the topic of a number of other research reports. Wedbush reissued an “underperform” rating and set a $370.00 price target (down previously from $400.00) on shares of Chipotle Mexican Grill in a research note on Monday. Goldman Sachs Group Inc. reduced their price target on Chipotle Mexican Grill from $490.00 to $445.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 19th. Jefferies Group reissued a “sell” rating on shares of Chipotle Mexican Grill in a research note on Friday, August 5th. Citigroup Inc. increased their price target on Chipotle Mexican Grill from $488.00 to $517.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and set a $590.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, July 18th. Seven equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $478.83.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill (NYSE:CMG) traded down 2.42% on Monday, reaching $394.35. The company had a trading volume of 1,244,549 shares. The stock has a market capitalization of $11.48 billion, a P/E ratio of 56.81 and a beta of 0.60. The firm has a 50-day moving average of $418.15 and a 200-day moving average of $422.73. Chipotle Mexican Grill has a 12 month low of $384.77 and a 12 month high of $720.50.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Thursday, July 21st. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $998.40 million for 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 expect that Chipotle Mexican Grill will post $0.24 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. boosted its stake 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 valued at $374,000 after buying an additional 4 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake 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 valued at $441,000 after buying an additional 6 shares during the last quarter. Iron Financial LLC boosted its stake 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 valued at $277,000 after buying an additional 13 shares during the last quarter. Bank of Nova Scotia boosted its stake 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 valued at $245,000 after buying an additional 20 shares during the last quarter. Finally, Gagnon Securities LLC boosted its stake 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 valued at $638,000 after buying an additional 20 shares during the last quarter. 96.62% of the stock is currently owned by institutional investors.

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

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