Barclays reaffirmed their equal weight rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note released on Tuesday morning, MarketBeat.com reports. They currently have a $325.00 price objective on the restaurant operator’s stock, up from their previous price objective of $280.00.
A number of other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Chipotle Mexican Grill from a strong sell rating to a hold rating in a research note on Thursday, November 16th. Wells Fargo & Co restated a hold rating on shares of Chipotle Mexican Grill in a research note on Friday, October 13th. Mizuho restated a buy rating and issued a $450.00 price target on shares of Chipotle Mexican Grill in a research note on Saturday, September 23rd. Bank of America lowered shares of Chipotle Mexican Grill from a neutral rating to an underperform rating and dropped their price target for the stock from $390.00 to $285.00 in a research note on Wednesday, October 18th. Finally, UBS Group set a $345.00 price target on shares of Chipotle Mexican Grill and gave the stock a hold rating in a research note on Thursday, October 26th. Five investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Chipotle Mexican Grill has an average rating of Hold and a consensus target price of $359.26.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded up $6.34 during trading hours on Tuesday, hitting $343.87. 1,152,974 shares of the company were exchanged, compared to its average volume of 817,403. The company has a market capitalization of $9,529.46, a price-to-earnings ratio of 66.64, a PEG ratio of 2.02 and a beta of 0.50. Chipotle Mexican Grill has a fifty-two week low of $263.00 and a fifty-two week high of $499.00.
Institutional investors and hedge funds have recently made changes to their positions in the company. First Interstate Bank boosted its holdings in shares of Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after acquiring an additional 250 shares during the period. CIBC World Markets Inc. acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at $205,000. Raymond James Trust N.A. boosted its holdings in shares of Chipotle Mexican Grill by 10.1% during the second quarter. Raymond James Trust N.A. now owns 545 shares of the restaurant operator’s stock valued at $227,000 after acquiring an additional 50 shares during the period. Mercer Capital Advisers Inc. acquired a new position in shares of Chipotle Mexican Grill during the third quarter valued at $183,000. Finally, TLP Group LLC acquired a new position in shares of Chipotle Mexican Grill during the second quarter valued at $251,000. 88.43% of the stock is owned by institutional investors.
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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.
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