Deutsche Bank AG set a $250.00 price objective on Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research note issued to investors on Wednesday. The firm currently has a sell rating on the restaurant operator’s stock.

CMG has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) cut their target price on Chipotle Mexican Grill from $440.00 to $375.00 and set a neutral rating for the company in a research report on Tuesday, July 25th. Maxim Group reiterated a buy rating and set a $435.00 target price (down from $470.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Cowen and Company reiterated a market perform rating and set a $440.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, July 21st. Credit Suisse Group reiterated a neutral rating and set a $320.00 target price (down from $335.00) on shares of Chipotle Mexican Grill in a research report on Friday, August 25th. Finally, Zacks Investment Research downgraded Chipotle Mexican Grill from a hold rating to a strong sell rating in a research report on Tuesday, September 26th. Eight analysts have rated the stock with a sell rating, twenty-two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $375.66.

Chipotle Mexican Grill (CMG) opened at 324.76 on Wednesday. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 69.81 and a beta of 0.60. The company has a 50 day moving average price of $312.87 and a 200-day moving average price of $390.81. Chipotle Mexican Grill has a 52 week low of $295.11 and a 52 week high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate 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 revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. Equities analysts predict that Chipotle Mexican Grill will post $7.35 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in the business. Ahrens Investment Partners LLC bought a new position in Chipotle Mexican Grill in the third quarter worth approximately $234,000. Douglas Lane & Associates LLC boosted its holdings in Chipotle Mexican Grill by 66.0% in the third quarter. Douglas Lane & Associates LLC now owns 2,762 shares of the restaurant operator’s stock worth $850,000 after acquiring an additional 1,098 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in Chipotle Mexican Grill by 17.9% in the third quarter. LS Investment Advisors LLC now owns 1,180 shares of the restaurant operator’s stock worth $363,000 after acquiring an additional 179 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Chipotle Mexican Grill by 90.7% in the third quarter. Assenagon Asset Management S.A. now owns 13,623 shares of the restaurant operator’s stock worth $4,194,000 after acquiring an additional 6,478 shares in the last quarter. Finally, Shell Asset Management Co. boosted its holdings in Chipotle Mexican Grill by 218.3% in the third quarter. Shell Asset Management Co. now owns 7,258 shares of the restaurant operator’s stock worth $4,838,000 after acquiring an additional 4,978 shares in the last quarter. Institutional investors and hedge funds own 90.06% 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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