Chipotle Mexican Grill, Inc. (CMG) Given a $380.00 Price Target by UBS AG Analysts

Chipotle Mexican Grill, Inc. (NYSE:CMG) received a $380.00 price objective from investment analysts at UBS AG in a research report issued to clients and investors on Wednesday, July 26th, www.benzinga.com reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. UBS AG’s price objective points to a potential upside of 16.42% from the company’s previous close.

A number of other brokerages have also recently commented on CMG. Vetr upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 price target for the company in a research report on Monday, May 15th. ValuEngine upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Stephens upped their price target on Chipotle Mexican Grill from $325.00 to $350.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 26th. Royal Bank Of Canada raised Chipotle Mexican Grill from a “hold” rating to an “outperform” rating in a research note on Thursday, April 27th. Finally, Nomura reaffirmed a “hold” rating and issued a $510.00 price objective on shares of Chipotle Mexican Grill in a research note on Friday, April 28th. 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 given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $405.15.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 1.17% during midday trading on Wednesday, reaching $326.41. The company had a trading volume of 968,190 shares. The stock has a market capitalization of $9.31 billion, a PE ratio of 70.17 and a beta of 0.62. The company’s 50-day moving average is $374.53 and its 200-day moving average is $427.17. Chipotle Mexican Grill has a 1-year low of $320.01 and a 1-year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.16. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share. On average, equities research analysts forecast that Chipotle Mexican Grill will post $7.73 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Chipotle Mexican Grill by 2.3% in the second quarter. Vanguard Group Inc. now owns 2,783,059 shares of the restaurant operator’s stock valued at $1,158,031,000 after buying an additional 63,636 shares in the last quarter. BlackRock Inc. boosted its position in shares of Chipotle Mexican Grill by 3,309.6% in the first quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock valued at $1,080,155,000 after buying an additional 2,353,372 shares in the last quarter. State Street Corp boosted its position in shares of Chipotle Mexican Grill by 3.7% in the first quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock valued at $551,348,000 after buying an additional 44,694 shares in the last quarter. American Century Companies Inc. boosted its position in Chipotle Mexican Grill by 59.8% in the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after buying an additional 210,872 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Chipotle Mexican Grill by 169.1% in the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after buying an additional 280,300 shares in the last quarter. Institutional investors and hedge funds own 97.27% 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.