Chipotle Mexican Grill, Inc. (NYSE:CMG) Given New $400.00 Price Target at Canaccord Genuity

Chipotle Mexican Grill, Inc. (NYSE:CMG) had its target price cut by Canaccord Genuity from $440.00 to $400.00 in a research note published on Friday, July 21st, MarketBeat.com reports. They currently have a hold rating on the restaurant operator’s stock.

Several other equities analysts have also commented on CMG. Wedbush reaffirmed a neutral rating and set a $400.00 target price on shares of Chipotle Mexican Grill in a report on Monday, March 27th. Vetr downgraded Chipotle Mexican Grill from a buy rating to a hold rating and set a $436.84 price objective for the company. in a research report on Tuesday, March 28th. UBS AG reiterated a neutral rating and set a $410.00 price objective on shares of Chipotle Mexican Grill in a research report on Wednesday, March 29th. Credit Suisse Group reiterated a hold rating and set a $375.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, April 7th. Finally, Jefferies Group LLC restated a sell rating and issued a $300.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, April 12th. Seven research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $405.15.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 2.10% during midday trading on Friday, reaching $311.24. The company’s stock had a trading volume of 1,216,339 shares. Chipotle Mexican Grill has a 52 week low of $311.01 and a 52 week high of $499.00. The firm has a market capitalization of $8.87 billion, a price-to-earnings ratio of 66.90 and a beta of 0.62. The firm’s 50 day moving average is $360.68 and its 200 day moving average is $423.62.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The business’s revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 earnings per share. Equities analysts forecast that Chipotle Mexican Grill will post $7.73 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the company. Toronto Dominion Bank raised its stake in shares of Chipotle Mexican Grill by 24.7% in the second quarter. Toronto Dominion Bank now owns 9,676 shares of the restaurant operator’s stock worth $4,025,000 after buying an additional 1,914 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Chipotle Mexican Grill by 7.8% in the second quarter. Cetera Investment Advisers now owns 778 shares of the restaurant operator’s stock worth $322,000 after buying an additional 56 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Chipotle Mexican Grill by 945.1% in the second quarter. Advisory Services Network LLC now owns 951 shares of the restaurant operator’s stock worth $396,000 after buying an additional 860 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Chipotle Mexican Grill during the second quarter worth approximately $313,000. Finally, National Asset Management Inc. raised its stake in shares of Chipotle Mexican Grill by 35.5% in the second quarter. National Asset Management Inc. now owns 656 shares of the restaurant operator’s stock worth $274,000 after buying an additional 172 shares during the last quarter. Institutional investors and hedge funds own 98.37% of the company’s stock.

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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