RBC Capital Markets reiterated their outperform rating on shares of Chipotle Mexican Grill Inc. (NYSE:CMG) in a research report sent to investors on Tuesday. RBC Capital Markets currently has a $465.00 price target on the stock, down from their prior price target of $485.00.

Several other equities analysts also recently weighed in on CMG. Credit Suisse Group AG restated a buy rating and set a $500.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, June 21st. SunTrust Banks Inc. restated a buy rating and set a $550.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 22nd. Goldman Sachs Group Inc. restated a neutral rating and set a $490.00 target price (down from $500.00) on shares of Chipotle Mexican Grill in a report on Thursday, June 23rd. Vetr downgraded shares of Chipotle Mexican Grill from a strong-buy rating to a buy rating and set a $452.14 target price for the company. in a report on Thursday, June 23rd. Finally, Zacks Investment Research downgraded shares of Chipotle Mexican Grill from a hold rating to a sell rating in a report on Tuesday, June 28th. Eight analysts have rated the stock with a sell rating, eighteen have given a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $477.69.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 2.68% during midday trading on Tuesday, reaching $404.50. 181,945 shares of the company’s stock traded hands. The stock has a market capitalization of $11.78 billion, a P/E ratio of 58.28 and a beta of 0.60. Chipotle Mexican Grill has a 1-year low of $384.77 and a 1-year high of $669.11. The firm’s 50-day moving average price is $417.32 and its 200 day moving average price is $422.23.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly 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 company earned $998.40 million during the quarter, compared to analysts’ expectations 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 analysts predict that Chipotle Mexican Grill will post $3.75 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. ING Groep NV increased its position 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 in the last quarter. Aviva PLC increased its position in 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 in the last quarter. BB&T Securities LLC increased its position in Chipotle Mexican Grill by 16.0% in the first quarter. BB&T Securities LLC now owns 1,052 shares of the company’s stock worth $495,000 after buying an additional 145 shares in the last quarter. Miles Capital Inc. purchased a new position in Chipotle Mexican Grill during the first quarter worth approximately $426,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in Chipotle Mexican Grill during the first quarter worth approximately $2,634,000. 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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