Canaccord Genuity reissued their hold rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a report issued on Wednesday morning, MarketBeat.com reports. The brokerage currently has a $300.00 price target on the restaurant operator’s stock, down from their previous price target of $325.00.
Several other equities analysts also recently issued reports on the stock. Zacks Investment Research raised 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 reissued a hold rating on shares of Chipotle Mexican Grill in a research note on Friday, October 13th. Bank of America downgraded shares of Chipotle Mexican Grill from a neutral rating to an underperform rating and reduced their price objective for the company from $390.00 to $285.00 in a research note on Wednesday, October 18th. UBS Group set a $345.00 price objective on shares of Chipotle Mexican Grill and gave the company a hold rating in a research note on Thursday, October 26th. Finally, Maxim Group reissued a buy rating and set a $400.00 price objective (down previously from $420.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, October 25th. Nine investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $352.63.
Shares of Chipotle Mexican Grill (NYSE:CMG) opened at $272.21 on Wednesday. Chipotle Mexican Grill has a fifty-two week low of $263.00 and a fifty-two week high of $499.00. The stock has a market cap of $8,592.12, a PE ratio of 44.19, a price-to-earnings-growth ratio of 1.75 and a beta of 0.59.
Several hedge funds have recently made changes to their positions in CMG. Principal Financial Group Inc. boosted its stake in Chipotle Mexican Grill by 196.5% during the 3rd quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock valued at $82,462,000 after acquiring an additional 177,530 shares during the last quarter. Check Capital Management Inc. CA bought a new position in Chipotle Mexican Grill during the 3rd quarter valued at $54,272,000. Janus Henderson Group PLC boosted its stake in Chipotle Mexican Grill by 332.5% during the 3rd quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock valued at $49,782,000 after acquiring an additional 124,330 shares during the last quarter. Hexavest Inc. bought a new position in Chipotle Mexican Grill during the 4th quarter valued at $34,213,000. Finally, Marshfield Associates boosted its stake in Chipotle Mexican Grill by 75.7% during the 3rd quarter. Marshfield Associates now owns 197,591 shares of the restaurant operator’s stock valued at $60,824,000 after acquiring an additional 85,101 shares during the last quarter. Institutional investors and hedge funds own 88.01% of the company’s stock.
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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.
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