Chipotle Mexican Grill (NYSE:CMG) was downgraded by research analysts at Mizuho from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They currently have a $533.00 price target on the restaurant operator’s stock. Mizuho’s target price would indicate a potential upside of 100.37% from the stock’s previous close.
Other analysts have also issued reports about the stock. Piper Jaffray Companies set a $510.00 price target on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Jefferies Group reduced their price target on shares of Chipotle Mexican Grill to $300.00 and set a “positive” rating for the company in a research note on Wednesday, October 25th. ValuEngine lowered shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Robert W. Baird set a $300.00 price target on shares of Chipotle Mexican Grill and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $425.00 price target (up from $400.00) on shares of Chipotle Mexican Grill in a research note on Thursday, January 18th. Nine equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill presently has an average rating of “Hold” and an average target price of $350.28.
Chipotle Mexican Grill (CMG) opened at $266.01 on Wednesday. Chipotle Mexican Grill has a 1 year low of $263.00 and a 1 year high of $499.00. The company has a market cap of $7,685.28, a PE ratio of 41.31, a price-to-earnings-growth ratio of 1.57 and a beta of 0.59.
Hedge funds have recently added to or reduced their stakes in the stock. First Interstate Bank lifted its stake in 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 purchasing an additional 250 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Chipotle Mexican Grill by 75.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after acquiring an additional 246 shares during the period. Mercer Capital Advisers Inc. acquired a new stake in shares of Chipotle Mexican Grill during the third quarter valued at approximately $183,000. National Asset Management Inc. raised its holdings in shares of Chipotle Mexican Grill by 35.5% during the second quarter. National Asset Management Inc. now owns 656 shares of the restaurant operator’s stock valued at $274,000 after acquiring an additional 172 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter valued at approximately $197,000. 88.01% of the stock is owned by institutional investors and hedge funds.
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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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