Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “buy” rating restated by research analysts at Mizuho in a research note issued to investors on Saturday. They currently have a $450.00 price objective on the restaurant operator’s stock. Mizuho’s price objective would indicate a potential upside of 43.17% from the stock’s previous close.

A number of other research analysts have also recently commented on CMG. Vetr raised 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 Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Wedbush reaffirmed a “neutral” rating and set a $450.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 7th. Maxim Group reaffirmed a “hold” rating and set a $440.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Six investment 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 given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $398.97.

Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 314.31 on Friday. The firm has a 50-day moving average price of $318.10 and a 200 day moving average price of $407.26. Chipotle Mexican Grill has a 12-month low of $295.11 and a 12-month high of $499.00. The stock has a market cap of $8.96 billion, a PE ratio of 67.56 and a beta of 0.64.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. 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 posted $0.87 earnings per share. Equities research analysts expect that Chipotle Mexican Grill will post $7.59 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This report was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/09/25/chipotle-mexican-grill-inc-cmg-rating-reiterated-by-mizuho.html.

A number of institutional investors and hedge funds have recently made changes to their positions in CMG. FNY Managed Accounts LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth about $107,000. Korea Investment CORP grew its position in Chipotle Mexican Grill by 140.2% during the 2nd quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after purchasing an additional 157 shares during the period. Harbour Capital Advisors LLC acquired a new stake in Chipotle Mexican Grill during the 1st quarter worth about $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Chipotle Mexican Grill by 15.7% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after purchasing an additional 55 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Chipotle Mexican Grill by 84.5% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 169 shares during the period. 90.08% of the stock is currently owned by institutional investors.

Chipotle Mexican Grill Company Profile

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)

Receive News & Stock Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related stocks with our FREE daily email newsletter.