Canaccord Genuity reaffirmed their hold rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research report report published on Thursday morning.

A number of other research analysts also recently commented on CMG. Zacks Investment Research raised Chipotle Mexican Grill from a sell rating to a hold rating in a report on Friday, August 4th. BMO Capital Markets reissued a market perform rating and issued a $275.00 price target (down previously from $330.00) on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. SunTrust Banks, Inc. set a $355.00 price target on Chipotle Mexican Grill and gave the company a buy rating in a report on Wednesday, October 25th. Robert W. Baird set a $300.00 price target on Chipotle Mexican Grill and gave the company a hold rating in a report on Wednesday, October 25th. Finally, J P Morgan Chase & Co reissued a neutral rating and issued a $380.00 price target (down previously from $390.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. Eight research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $356.06.

Shares of Chipotle Mexican Grill (CMG) traded up $4.45 during midday trading on Thursday, hitting $279.45. The stock had a trading volume of 1,060,800 shares, compared to its average volume of 1,870,497. Chipotle Mexican Grill has a 52 week low of $264.90 and a 52 week high of $499.00. The stock has a market capitalization of $7,889.71, a P/E ratio of 48.18, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.91). The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. equities research analysts anticipate that Chipotle Mexican Grill will post 6.59 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of CMG. Carmignac Gestion boosted its position in shares of Chipotle Mexican Grill by 162.5% in the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after buying an additional 319,875 shares during the period. Renaissance Technologies LLC boosted its position in shares of Chipotle Mexican Grill by 169.1% in the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after buying an additional 280,300 shares during the period. American Century Companies Inc. boosted its position in shares of Chipotle Mexican Grill by 59.8% in the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after buying an additional 210,872 shares during the period. APG Asset Management N.V. boosted its position in shares of Chipotle Mexican Grill by 255.5% in the second quarter. APG Asset Management N.V. now owns 277,125 shares of the restaurant operator’s stock worth $115,312,000 after buying an additional 199,170 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Chipotle Mexican Grill by 196.5% in the third quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock worth $82,462,000 after buying an additional 177,530 shares during the period. 90.31% of the stock is owned by institutional investors and hedge funds.

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)

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