Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “neutral” rating restated by BTIG Research in a report released on Wednesday.

Several other research firms have also commented on CMG. Vetr upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 price target for the company in a research report on Monday, May 15th. ValuEngine upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Stephens upped their price target on shares of Chipotle Mexican Grill from $325.00 to $350.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 26th. Royal Bank Of Canada upgraded shares of Chipotle Mexican Grill from a “hold” rating to an “outperform” rating in a research report on Thursday, April 27th. Finally, Nomura restated a “hold” rating and set a $510.00 price target on shares of Chipotle Mexican Grill in a research report on Friday, April 28th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $405.15.

Chipotle Mexican Grill (CMG) traded down 0.82% during mid-day trading on Wednesday, hitting $320.13. 1,020,172 shares of the stock traded hands. The stock has a 50-day moving average of $369.27 and a 200 day moving average of $425.91. The firm has a market cap of $9.13 billion, a price-to-earnings ratio of 68.82 and a beta of 0.62. Chipotle Mexican Grill has a 1-year low of $317.41 and a 1-year high of $499.00.

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

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Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Trust N.A. purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $221,000. National Pension Service boosted its position in shares of Chipotle Mexican Grill by 9.3% in the first quarter. National Pension Service now owns 28,572 shares of the restaurant operator’s stock valued at $12,684,000 after buying an additional 2,422 shares during the period. Bank of Montreal Can boosted its position in shares of Chipotle Mexican Grill by 118.9% in the first quarter. Bank of Montreal Can now owns 26,505 shares of the restaurant operator’s stock valued at $11,808,000 after buying an additional 14,397 shares during the period. Baldwin Brothers Inc. MA purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $276,000. Finally, TB Alternative Assets Ltd. purchased a new position in shares of Chipotle Mexican Grill during the first quarter valued at approximately $4,901,000. 98.37% of the stock is owned by hedge funds and other institutional investors.

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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