Chipotle Mexican Grill, Inc. (NYSE:CMG)‘s stock had its “hold” rating reaffirmed by research analysts at Wells Fargo & Company in a research note issued on Friday.

Other analysts have also recently 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 note on Tuesday, June 20th. Mizuho reaffirmed a “buy” rating and set a $533.00 target price on shares of Chipotle Mexican Grill in a research note on Wednesday, June 21st. BMO Capital Markets reaffirmed a “buy” rating and set a $550.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, June 22nd. Maxim Group raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and boosted their target price for the stock from $440.00 to $470.00 in a research note on Tuesday, July 18th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $505.00 target price (down previously from $520.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 26th. Seven equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill has a consensus rating of “Hold” and an average price target of $392.13.

Chipotle Mexican Grill (NYSE:CMG) opened at 326.45 on Friday. The firm has a 50-day moving average price of $311.38 and a 200-day moving average price of $394.76. Chipotle Mexican Grill has a 12 month low of $295.11 and a 12 month high of $499.00. The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of 70.17 and a beta of 0.60.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, topping 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 net margin of 3.17% and a return on equity of 10.65%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 earnings per share. On average, equities analysts anticipate that Chipotle Mexican Grill will post $7.46 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the business. Eqis Capital Management Inc. grew its position in Chipotle Mexican Grill by 159.1% in the 3rd quarter. Eqis Capital Management Inc. now owns 3,801 shares of the restaurant operator’s stock worth $1,170,000 after purchasing an additional 2,334 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in Chipotle Mexican Grill in the 2nd quarter worth about $10,887,000. Toronto Dominion Bank grew its position in Chipotle Mexican Grill by 24.7% in the 2nd quarter. Toronto Dominion Bank now owns 9,676 shares of the restaurant operator’s stock worth $4,025,000 after purchasing an additional 1,914 shares in the last quarter. Cetera Investment Advisers grew its position in Chipotle Mexican Grill by 7.8% in the 2nd quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock worth $322,000 after purchasing an additional 56 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in Chipotle Mexican Grill by 945.1% in the 2nd quarter. Advisory Services Network LLC now owns 951 shares of the restaurant operator’s stock worth $396,000 after purchasing an additional 860 shares in the last quarter. 90.04% of the stock is 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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