Citigroup upgraded shares of Chipotle Mexican Grill (NYSE:CMG) to a market perform rating in a research note released on Friday, The Fly reports. The analysts noted that the move was a valuation call.

Several other brokerages have also recently weighed in on CMG. Credit Suisse Group reduced their price target on shares of Chipotle Mexican Grill from $320.00 to $275.00 and set a neutral rating on the stock in a research report on Wednesday, October 25th. Robert W. Baird restated a hold rating and issued a $340.00 price target (down previously from $385.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, October 3rd. Royal Bank of Canada reduced their price target on shares of Chipotle Mexican Grill from $440.00 to $330.00 and set a sector perform rating on the stock in a research report on Friday, October 20th. Wedbush reiterated a hold rating and set a $290.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, October 25th. Finally, Cowen reiterated an underperform rating and set a $250.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, October 2nd. Five research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $359.26.

Shares of Chipotle Mexican Grill (NYSE CMG) opened at $343.87 on Friday. Chipotle Mexican Grill has a 1 year low of $263.00 and a 1 year high of $499.00. The firm has a market cap of $9,708.45, a price-to-earnings ratio of 66.64, a P/E/G ratio of 2.06 and a beta of 0.50.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a return on equity of 11.80% and a net margin of 3.37%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm posted $0.56 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. equities analysts forecast that Chipotle Mexican Grill will post 6.58 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue boosted its stake in shares of Chipotle Mexican Grill by 51.6% during the fourth quarter. State of Alaska Department of Revenue now owns 5,908 shares of the restaurant operator’s stock valued at $1,706,000 after purchasing an additional 2,010 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Chipotle Mexican Grill by 4.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 90,872 shares of the restaurant operator’s stock valued at $26,265,000 after purchasing an additional 3,472 shares during the period. Hexavest Inc. purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at $34,213,000. QUANTRES ASSET MANAGEMENT Ltd boosted its stake in shares of Chipotle Mexican Grill by 107.1% during the fourth quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 2,900 shares of the restaurant operator’s stock valued at $838,000 after purchasing an additional 1,500 shares during the period. Finally, AXA boosted its stake in shares of Chipotle Mexican Grill by 15.7% during the third quarter. AXA now owns 103,284 shares of the restaurant operator’s stock valued at $31,794,000 after purchasing an additional 14,000 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

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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.

The Fly

Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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