Royal Bank of Canada Reiterates “Hold” Rating for Chipotle Mexican Grill, Inc. (CMG)

Royal Bank of Canada reissued their hold rating on shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) in a research note issued to investors on Wednesday, October 25th. The firm currently has a $320.00 price target on the restaurant operator’s stock.

Other equities analysts also recently issued research reports about the company. Maxim Group upgraded Chipotle Mexican Grill from a hold rating to a buy rating and increased their price objective for the stock from $440.00 to $470.00 in a report on Tuesday, July 18th. Mizuho set a $533.00 price target on Chipotle Mexican Grill and gave the company a buy rating in a report on Monday, July 17th. SunTrust Banks, Inc. reiterated a buy rating and set a $505.00 price target (down previously from $520.00) on shares of Chipotle Mexican Grill in a report on Wednesday, July 26th. William Blair reiterated a buy rating on shares of Chipotle Mexican Grill in a report on Thursday, August 24th. Finally, Piper Jaffray Companies set a $510.00 price objective on Chipotle Mexican Grill and gave the company a buy rating in a research report on Wednesday, October 11th. Eight analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Chipotle Mexican Grill has an average rating of Hold and an average target price of $356.06.

Shares of Chipotle Mexican Grill (NYSE CMG) traded up $4.45 on Wednesday, hitting $279.45. The stock had a trading volume of 1,060,800 shares, compared to its average volume of 1,167,223. The firm has a market cap of $7,764.05, a P/E ratio of 47.41, a price-to-earnings-growth ratio of 2.38 and a beta of 0.44. Chipotle Mexican Grill has a one year low of $264.90 and a one year high of $499.00.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company earned $0.56 EPS. Chipotle Mexican Grill’s revenue for the quarter was up 8.8% on a year-over-year basis. analysts anticipate that Chipotle Mexican Grill will post 6.59 EPS for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMG. Teachers Advisors LLC lifted its position in shares of Chipotle Mexican Grill by 2.6% during the 1st quarter. Teachers Advisors LLC now owns 67,991 shares of the restaurant operator’s stock valued at $30,291,000 after acquiring an additional 1,692 shares during the period. AQR Capital Management LLC lifted its position in shares of Chipotle Mexican Grill by 6.0% during the 1st quarter. AQR Capital Management LLC now owns 17,692 shares of the restaurant operator’s stock worth $7,882,000 after buying an additional 999 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of Chipotle Mexican Grill by 84.5% during the 1st 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 last quarter. Janus Capital Management LLC lifted its position in shares of Chipotle Mexican Grill by 1.2% during the 1st quarter. Janus Capital Management LLC now owns 27,514 shares of the restaurant operator’s stock worth $12,258,000 after buying an additional 314 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Chipotle Mexican Grill by 9.9% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 5,136 shares of the restaurant operator’s stock worth $2,288,000 after buying an additional 461 shares during the last quarter. Institutional investors and hedge funds own 90.31% 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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