Chipotle Mexican Grill, Inc. (NYSE:CMG) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Wednesday, July 12th.

Other research analysts have also issued research reports about the stock. Nomura decreased their target price on shares of Chipotle Mexican Grill from $510.00 to $480.00 in a research report on Tuesday, June 20th. Buckingham Research restated a “buy” rating and set a $547.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, April 25th. SunTrust Banks, Inc. increased their target price on shares of Chipotle Mexican Grill from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Argus upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their target price for the stock from $447.88 to $550.00 in a research report on Thursday, May 25th. Finally, Vetr upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 target price on the stock in a research report on Tuesday, May 30th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $405.15.

Shares of Chipotle Mexican Grill (CMG) traded down 1.71% during mid-day trading on Wednesday, hitting $333.64. The stock had a trading volume of 1,078,066 shares. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 71.72 and a beta of 0.62. Chipotle Mexican Grill has a one year low of $332.34 and a one year high of $499.00. The firm has a 50 day moving average of $389.31 and a 200 day moving average of $429.89.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business posted $0.87 EPS. The business’s revenue was up 17.1% compared to the same quarter last year. On average, analysts forecast that Chipotle Mexican Grill will post $7.73 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in the company. Beese Fulmer Investment Management Inc. increased its position in Chipotle Mexican Grill by 1.1% in the first quarter. Beese Fulmer Investment Management Inc. now owns 3,088 shares of the restaurant operator’s stock valued at $1,376,000 after buying an additional 33 shares during the last quarter. Heritage Investors Management Corp increased its position in Chipotle Mexican Grill by 4.6% in the first quarter. Heritage Investors Management Corp now owns 12,115 shares of the restaurant operator’s stock valued at $5,397,000 after buying an additional 529 shares during the last quarter. Pennsylvania Trust Co acquired a new position in Chipotle Mexican Grill during the first quarter valued at about $267,000. Chevy Chase Trust Holdings Inc. increased its position in Chipotle Mexican Grill by 2.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 25,144 shares of the restaurant operator’s stock valued at $11,202,000 after buying an additional 521 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. acquired a new position in Chipotle Mexican Grill during the first quarter valued at about $311,000. 97.27% of the stock is currently owned by institutional investors and hedge funds.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc (Chipotle), 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. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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