Goldman Sachs Group, Inc. (The) reaffirmed their neutral rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a report released on Wednesday. Goldman Sachs Group, Inc. (The) currently has a $360.00 price objective on the restaurant operator’s stock.

Several other research analysts have also issued reports on CMG. Argus raised 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 note on Thursday, May 25th. Vetr raised 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 note on Tuesday, May 30th. ValuEngine raised shares of Chipotle Mexican Grill from a sell rating to a hold rating in a research note on Friday, June 2nd. Wedbush reissued a neutral rating and set a $450.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 7th. Finally, Mizuho started coverage on shares of Chipotle Mexican Grill in a research note on Thursday, June 8th. They set a buy rating and a $533.00 target price on the stock. Six analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and an average target price of $398.97.

Shares of Chipotle Mexican Grill (CMG) traded down 0.23% during midday trading on Wednesday, hitting $311.67. 106,201 shares of the company were exchanged. Chipotle Mexican Grill has a one year low of $295.11 and a one year high of $499.00. The firm’s 50 day moving average price is $318.10 and its 200 day moving average price is $407.26. The firm has a market capitalization of $8.89 billion, a price-to-earnings ratio of 67.00 and a beta of 0.64.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The business had revenue of $1.17 billion for 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%. Chipotle Mexican Grill’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. Analysts forecast that Chipotle Mexican Grill will post $7.59 EPS for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in CMG. FNY Managed Accounts LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $107,000. Korea Investment CORP boosted its position in shares of Chipotle Mexican Grill by 140.2% in the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after acquiring an additional 157 shares during the period. Harbour Capital Advisors LLC bought a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Chipotle Mexican Grill by 15.7% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock valued at $140,000 after acquiring an additional 55 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after acquiring an additional 169 shares during the period. Institutional investors own 90.08% of the company’s stock.

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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