The Chipotle Mexican Grill Inc. (NYSE:CMG) Given Average Recommendation of “Hold” from Brokerages

The Chipotle Mexican Grill Inc. (NYSE:CMG) Given Average Recommendation of “Hold” from Brokerages

Chipotle Mexican Grill Inc. (NYSE:CMG) has earned a consensus recommendation of “Hold” from the forty-one analysts that are presently covering the firm. Seven research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $462.45.

A number of brokerages have issued reports on CMG. Goldman Sachs Group Inc. lowered their target price on Chipotle Mexican Grill from $490.00 to $445.00 and set a “neutral” rating for the company in a report on Tuesday, July 19th. Jefferies Group reaffirmed a “sell” rating on shares of Chipotle Mexican Grill in a report on Friday, August 5th. Citigroup Inc. upped their target price on Chipotle Mexican Grill from $488.00 to $517.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. Vetr cut Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $449.21 price target for the company. in a research note on Tuesday, July 12th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and issued a $590.00 price target on shares of Chipotle Mexican Grill in a research note on Monday, July 18th.

Chipotle Mexican Grill (NYSE:CMG) opened at 429.91 on Monday. The stock’s 50 day moving average price is $416.14 and its 200 day moving average price is $425.45. The company has a market cap of $12.52 billion, a PE ratio of 61.94 and a beta of 0.60. Chipotle Mexican Grill has a 12-month low of $384.77 and a 12-month high of $757.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by $0.06. Chipotle Mexican Grill had a return on equity of 11.22% and a net margin of 5.24%. The firm earned $998.40 million during the quarter, compared to analyst estimates of $1.06 billion. Equities research analysts anticipate that Chipotle Mexican Grill will post $0.24 EPS for the current year.

A number of large investors have recently modified their holdings of CMG. Ruane Cunniff & Goldfarb Inc. increased its position in Chipotle Mexican Grill by 522.5% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 584,367 shares of the company’s stock valued at $235,360,000 after buying an additional 490,487 shares in the last quarter. BlackRock Fund Advisors increased its position in Chipotle Mexican Grill by 1.7% in the first quarter. BlackRock Fund Advisors now owns 573,551 shares of the company’s stock valued at $270,125,000 after buying an additional 9,848 shares in the last quarter. Generation Investment Management LLP bought a new position in Chipotle Mexican Grill during the second quarter valued at approximately $230,936,000. TIAA CREF Investment Management LLC increased its position in Chipotle Mexican Grill by 17.3% in the second quarter. TIAA CREF Investment Management LLC now owns 428,415 shares of the company’s stock valued at $172,548,000 after buying an additional 63,204 shares in the last quarter. Finally, Marsico Capital Management LLC increased its position in Chipotle Mexican Grill by 2.0% in the first quarter. Marsico Capital Management LLC now owns 372,629 shares of the company’s stock valued at $175,497,000 after buying an additional 7,248 shares in the last quarter. 96.66% of the stock is owned by hedge funds and other institutional investors.

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