Chipotle Mexican Grill Inc. (NYSE:CMG) had its target price reduced by Nomura from $405.00 to $372.00 in a research report issued to clients and investors on Monday. The brokerage currently has a “neutral” rating on the stock. Nomura’s price objective would indicate a potential downside of 5.57% from the stock’s previous close.

Several other brokerages have also issued reports on CMG. Buckingham Research restated a “buy” rating and set a $547.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, September 16th. Maxim Group restated a “sell” rating and set a $325.00 target price (up from $300.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, October 12th. Vetr lowered shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating and set a $436.99 target price for the company. in a research report on Monday, August 29th. JPMorgan Chase & Co. upgraded shares of Chipotle Mexican Grill from a “neutral” rating to an “overweight” rating and set a $510.00 target price for the company in a research report on Sunday, July 24th. Finally, Credit Agricole SA upgraded shares of Chipotle Mexican Grill from an “underperform” rating to an “outperform” rating and set a $460.00 target price for the company in a research report on Tuesday, July 19th. Eight research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. Chipotle Mexican Grill has a consensus rating of “Hold” and an average price target of $477.69.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 393.96 on Monday. Chipotle Mexican Grill has a 52-week low of $384.77 and a 52-week high of $669.11. The stock’s 50 day moving average is $417.32 and its 200 day moving average is $422.23. The stock has a market cap of $11.47 billion, a PE ratio of 56.76 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly 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. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%. The company earned $998.40 million during the quarter, compared to the consensus estimate of $1.06 billion. Equities research analysts forecast that Chipotle Mexican Grill will post $3.75 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. ING Groep NV boosted its position in Chipotle Mexican Grill by 18.1% in the first quarter. ING Groep NV now owns 2,207 shares of the company’s stock valued at $1,040,000 after buying an additional 338 shares in the last quarter. Aviva PLC boosted 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 valued at $7,394,000 after buying an additional 69 shares in the last quarter. BB&T Securities LLC boosted 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 valued at $495,000 after buying an additional 145 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Chipotle Mexican Grill by 859.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,228 shares of the company’s stock valued at $17,063,000 after buying an additional 32,451 shares in the last quarter. Finally, Miles Capital Inc. acquired a new position in Chipotle Mexican Grill during the first quarter valued at $426,000. 96.62% of the stock is owned by institutional investors and hedge funds.

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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