Analyst Price Target Update on Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill (NYSE:CMG) shares are expected to touch $445.59 in the short term. This short term price target has been shared by 17 analysts. However, the standard deviation of short term price estimate has been valued at 74.6. The target price could hit $590 on the higher end and $285 on the lower end.

Many analysts have stated their opinion on the company shares. Cleveland Research downgrades its rating on Chipotle Mexican Grill (NYSE:CMG). Analysts at the Cleveland Research have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 26, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman & Co-CEO) of Chipotle Mexican Grill Inc, Ells Steve had sold 21,000 shares worth of $9,253,650 in a transaction dated May 31, 2016. In this transaction, 21,000 shares were sold at $440.65 per share.

Chipotle Mexican Grill (NYSE:CMG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 11.26 points or 2.78% at $394 with 1,846,317 shares getting traded. Post opening the session at $400.26, the shares hit an intraday low of $393.63 and an intraday high of $405.4032 and the price was in this range throughout the day. The company has a market cap of $11,505 million and the number of outstanding shares have been calculated to be 29,201,412 shares. The 52-week high of Chipotle Mexican Grill (NYSE:CMG) is $758.61 and the 52-week low is $393.63.

Chipotle Mexican Grill, Inc. (Chipotle) develops and operates Chipotle Mexican Grill restaurants, which serve a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operates 1,755 restaurants in the United States, seven in Canada, six in England, three in France, and one in Germany. The Companys restaurants also include nine ShopHouse Southeast Asian Kitchen restaurants. The Company owns and operates two Pizzeria Locale restaurants, a fast casual pizza concept. It also provides a variety of extras, such as guacamole, salsas and tortilla chips seasoned with fresh lime juice and kosher salt. Its restaurants also offer sodas, fruit drinks, organic milk, beer and margaritas. The average restaurant size is about 2,550 square feet and seats about 58 people. The Companys restaurants also feature outdoor patio space. The Companys restaurants accept orders by fax, online or through an iPhone or Android ordering application.

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