Canaccord Genuity restated their hold rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research report sent to investors on Wednesday, November 14th.

A number of other brokerages have also recently issued reports on CMG. Maxim Group upped their target price on Chipotle Mexican Grill from $420.00 to $430.00 and gave the company a hold rating in a research report on Friday, July 27th. BMO Capital Markets upped their target price on Chipotle Mexican Grill from $350.00 to $420.00 and gave the company a market perform rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Royal Bank of Canada upped their target price on Chipotle Mexican Grill to $450.00 and gave the company a sector perform rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Zacks Investment Research cut Chipotle Mexican Grill from a buy rating to a hold rating in a research report on Monday, July 30th. Finally, Robert W. Baird reaffirmed a buy rating and set a $535.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, July 27th. Nine investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $431.72.

CMG traded down $2.51 on Wednesday, hitting $467.43. 709,534 shares of the company were exchanged, compared to its average volume of 552,193. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 70.82, a PEG ratio of 3.11 and a beta of 0.23. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $530.68.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.16. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%. As a group, equities research analysts anticipate that Chipotle Mexican Grill will post 8.47 EPS for the current year.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 118,307 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $472.05, for a total transaction of $55,846,819.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.19% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of CMG. Renaissance Technologies LLC boosted its holdings in shares of Chipotle Mexican Grill by 255.0% during the third quarter. Renaissance Technologies LLC now owns 792,000 shares of the restaurant operator’s stock worth $359,980,000 after purchasing an additional 568,900 shares during the last quarter. Capital International Investors boosted its holdings in shares of Chipotle Mexican Grill by 220.1% during the third quarter. Capital International Investors now owns 738,410 shares of the restaurant operator’s stock worth $335,622,000 after purchasing an additional 507,700 shares during the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth $229,937,000. Jennison Associates LLC boosted its holdings in shares of Chipotle Mexican Grill by 128.5% during the third quarter. Jennison Associates LLC now owns 830,269 shares of the restaurant operator’s stock worth $377,374,000 after purchasing an additional 466,849 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Chipotle Mexican Grill by 2,464.4% during the third quarter. AQR Capital Management LLC now owns 218,202 shares of the restaurant operator’s stock worth $99,177,000 after purchasing an additional 209,693 shares during the last quarter. Institutional investors and hedge funds own 91.40% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international 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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