Chipotle Mexican Grill (NYSE:CMG) had its price objective raised by analysts at Robert W. Baird from $1,350.00 to $1,600.00 in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s price target indicates a potential upside of 26.40% from the stock’s previous close.

A number of other research analysts have also commented on CMG. Cowen boosted their price target on shares of Chipotle Mexican Grill from $950.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Morgan Stanley lifted their price objective on shares of Chipotle Mexican Grill from $630.00 to $688.00 and gave the stock an “equal weight” rating in a report on Monday, July 20th. Jefferies Financial Group lifted their price objective on shares of Chipotle Mexican Grill from $1,000.00 to $1,100.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. They noted that the move was a valuation call. BMO Capital Markets lifted their price objective on shares of Chipotle Mexican Grill from $780.00 to $1,050.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. They noted that the move was a valuation call. Finally, Truist lifted their price objective on shares of Chipotle Mexican Grill from $1,358.00 to $1,580.00 in a report on Thursday, September 10th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $1,143.33.

NYSE:CMG opened at $1,265.87 on Tuesday. The stock has a market capitalization of $35.40 billion, a PE ratio of 140.50, a price-to-earnings-growth ratio of 6.05 and a beta of 1.26. The firm’s 50 day moving average is $1,238.03 and its 200 day moving average is $983.33. Chipotle Mexican Grill has a 12 month low of $415.00 and a 12 month high of $1,384.46.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Wednesday, July 22nd. The restaurant operator reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Chipotle Mexican Grill had a net margin of 4.55% and a return on equity of 17.24%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.33 billion. As a group, sell-side analysts anticipate that Chipotle Mexican Grill will post 10.89 EPS for the current year.

Institutional investors have recently modified their holdings of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in Chipotle Mexican Grill during the second quarter valued at approximately $25,000. Berman Capital Advisors LLC lifted its position in Chipotle Mexican Grill by 50.0% during the second quarter. Berman Capital Advisors LLC now owns 33 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 11 shares during the period. Kore Private Wealth LLC lifted its position in Chipotle Mexican Grill by 90.0% during the second quarter. Kore Private Wealth LLC now owns 38 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 18 shares during the period. Beese Fulmer Investment Management Inc. bought a new position in Chipotle Mexican Grill in the second quarter worth approximately $42,000. Finally, Cornerstone Advisors Inc. raised its position in Chipotle Mexican Grill by 127.8% in the second quarter. Cornerstone Advisors Inc. now owns 41 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 23 shares during the period. Institutional investors own 91.99% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Analyst Recommendations for Chipotle Mexican Grill (NYSE:CMG)

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