Chipotle Mexican Grill (NYSE:CMG) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.75 by 26 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 13 Brokerage Firms have advised hold. 3 Analysts have rated it as strong sell. A sell rating was given by 2 analyst.
Other Equity analysts have also commented on the company shares. Buckingham Research initiates coverage on Chipotle Mexican Grill (NYSE:CMG). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Buckingham Research announces a current price target of $547 per share. The rating by the firm was issued on June 16, 2016.
Chipotle Mexican Grill (NYSE:CMG): 18 Analyst have given the stock of Chipotle Mexican Grill (NYSE:CMG) a near short term price target of $450.11. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $77.76. The higher price target estimate is at $590 while the lower price estimates are fixed at $285.
Chipotle Mexican Grill (NYSE:CMG) witnessed a decline in the market cap on Tuesday as its shares dropped 1.25% or 4.98 points. After the session commenced at $399.37, the stock reached the higher end at $399.66 while it hit a low of $387.89. With the volume soaring to 1,050,020 shares, the last trade was called at $391.96. The company has a 52-week high of $758.61. The company has a market cap of $11,446 million and there are 29,201,412 shares in outstanding. The 52-week low of the share price is $384.77.
Chipotle Mexican Grill, Inc. has lost 0.84% in the last five trading days and dropped 12.88% in the last 4 weeks. Chipotle Mexican Grill, Inc. has dropped 16.92% during the last 3-month period . Year-to-Date the stock performance stands at -18.32%.
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.