Chipotle Mexican Grill, Inc. (CMG) PT Set at $250.00 by Deutsche Bank AG

Chipotle Mexican Grill, Inc. (NYSE:CMG) has been assigned a $250.00 price target by Deutsche Bank AG in a research report issued on Wednesday. The firm presently has a “sell” rating on the restaurant operator’s stock. Deutsche Bank AG’s price target would suggest a potential downside of 23.14% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Robert W. Baird restated a “hold” rating and set a $340.00 target price (down from $385.00) on shares of Chipotle Mexican Grill in a report on Tuesday, October 3rd. Mizuho restated a “buy” rating and set a $533.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, June 21st. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Chipotle Mexican Grill in a report on Wednesday, July 12th. Maxim Group restated a “hold” rating and set a $440.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, June 20th. Finally, Zacks Investment Research cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Eight investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $375.66.

Shares of Chipotle Mexican Grill (CMG) traded down 0.60% during trading on Wednesday, reaching $323.33. The company had a trading volume of 441,641 shares. The company has a market capitalization of $9.22 billion, a PE ratio of 69.50 and a beta of 0.60. Chipotle Mexican Grill has a 52 week low of $295.11 and a 52 week high of $499.00. The stock’s 50-day moving average price is $312.64 and its 200-day moving average price is $391.72.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business earned $0.87 EPS. Chipotle Mexican Grill’s quarterly revenue was up 17.1% on a year-over-year basis. On average, equities analysts expect that Chipotle Mexican Grill will post $7.42 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently made changes to their positions in the company. FNY Managed Accounts LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $107,000. Korea Investment CORP boosted its stake in shares of Chipotle Mexican Grill by 140.2% during the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock worth $112,000 after buying an additional 157 shares during the period. Harbour Capital Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the first quarter worth about $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Chipotle Mexican Grill by 15.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock worth $140,000 after buying an additional 55 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Chipotle Mexican Grill by 84.5% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 90.06% of the company’s stock.

About Chipotle Mexican Grill

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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