Chipotle Mexican Grill, Inc. (NYSE:CMG) Stock Rating Reaffirmed by Robert W. Baird

Robert W. Baird reiterated their hold rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a report issued on Friday, September 1st. They currently have a $385.00 price objective on the restaurant operator’s stock.

CMG has been the topic of several other reports. Goldman Sachs Group, Inc. (The) reduced their target price on shares of 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 issued 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 issued 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 issued a $320.00 target price (down from $335.00) on shares of Chipotle Mexican Grill in a research report on Friday, August 25th. Finally, Wells Fargo & Company restated an outperform rating and set a $470.00 price objective (down from $530.00) on shares of Chipotle Mexican Grill in a research report on Monday, June 26th. Six research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Chipotle Mexican Grill currently has an average rating of Hold and an average price target of $399.45.

Chipotle Mexican Grill (NYSE CMG) opened at 313.09 on Friday. Chipotle Mexican Grill has a 1-year low of $296.00 and a 1-year high of $499.00. The firm has a market cap of $8.93 billion, a P/E ratio of 67.30 and a beta of 0.64. The firm’s 50-day moving average price is $320.64 and its 200-day moving average price is $409.05.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.16. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 earnings per share. Equities research analysts anticipate that Chipotle Mexican Grill will post $7.60 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of CMG. Candriam Luxembourg S.C.A. increased its position in Chipotle Mexican Grill by 32.2% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 1,659 shares of the restaurant operator’s stock worth $739,000 after purchasing an additional 404 shares in the last quarter. Nationwide Fund Advisors increased its position in Chipotle Mexican Grill by 1.4% during the 1st quarter. Nationwide Fund Advisors now owns 8,077 shares of the restaurant operator’s stock worth $3,598,000 after purchasing an additional 112 shares in the last quarter. First Manhattan Co. increased its position in Chipotle Mexican Grill by 80.5% during the 1st quarter. First Manhattan Co. now owns 1,435 shares of the restaurant operator’s stock worth $607,000 after purchasing an additional 640 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Chipotle Mexican Grill by 113.1% in the 1st quarter. ProShare Advisors LLC now owns 5,518 shares of the restaurant operator’s stock worth $2,458,000 after acquiring an additional 2,929 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its holdings in Chipotle Mexican Grill by 8.9% in the 1st quarter. Glen Harbor Capital Management LLC now owns 784 shares of the restaurant operator’s stock worth $349,000 after acquiring an additional 64 shares during the period. 90.32% of the stock is owned by hedge funds and other institutional investors.

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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