Chipotle Mexican Grill (NYSE:CMG) Rating Reaffirmed
Equity analysts at Deutsche Bank now has a $525 price target on Chipotle Mexican Grill (NYSE:CMG). Deutsche Bank and their recent price target provides a potential downside of -4.46% from the company’s stock price. The rating has been disclosed to clients in recent note on 4 December.
From a total of 24 analysts covering Chipotle Mexican Grill Inc. (NYSE:CMG) stock, 19 rate it a ”Buy”, 0 a “Sell”, and 13 a ”Hold”. This means that 59% of the ratings are positive. The highest target price is $825 while the lowest target price is $470. The mean of all analyst targets is $695.29 with a 31.82% above today’s ($549.5) stock price. Chipotle Mexican Grill Inc. was the topic of 27 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Telsey Advisory Group upgraded shares on November 23 to “Outperform” rating. Wedbush maintained shares with “Neutral” rating and $740 target share price in a report from an October 21. Sterne Agee CRT downgraded CMG stock in a recent report from November 23 to “Neutral” rating. Oppenheimer maintained the rating on October 21. Oppenheimer has a “Outperform” rating and a $750 price target on shares. Finally, Robert W. Baird downgraded the stock to “Neutral” rating in a report issued on a November 6.
Approximately 1.35M shares of stock traded hands or 22.73% up from the average. Chipotle Mexican Grill, Inc. (NYSE:CMG) has declined 10.83% since May 1, 2015 and is downtrending. It has underperformed by 8.05% the S&P500.
Chipotle Mexican Grill, Inc. 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 has a market cap of $17.33 billion. The Firm operates 1,755 restaurants in the United States, seven in Canada, six in England, three in France, and one in Germany. It has 32.78 P/E ratio. The Company’s restaurants also include nine ShopHouse Southeast Asian Kitchen restaurants.
According to Zacks Investment Research, “Chipotle offers a focused menu of burritos, tacos, burrito bols and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere. Through its vision of Food with Integrity, Chipotle is seeking better food not only from a variety of fresh ingredients, but ingredients that are sustainably grown and naturally raised with respect for the animals, the land, and the farmers who produce the food.” Get a free copy of the Zacks research report on Chipotle Mexican Grill, Inc. (CMG).