Chipotle Mexican Grill Inc (NYSE:CMG) Rating Reaffirmed
They currently have a $525.00 Estimated Target Price on Chipotle Mexican Grill Inc (NYSE:CMG). The target price by Deutsche Bank would suggest a potential downside of -6.36% from the company’s stock close price. This has been revealed in analysts note on Friday morning.
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 $687.58 with a 27.22% above today’s ($560.67) stock price. Chipotle Mexican Grill Inc. was the topic of 28 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 4 with “Hold” rating. Robert W. Baird downgraded shares to “Neutral” rating and $675 target share price in a report from a November 6. Bank of America downgraded CMG stock in a recent report from November 23 to “Underperform” rating. Wedbush maintained the rating on October 21. Wedbush has a “Neutral” rating and a $740 price target on shares. Finally, Maxim Group maintained the stock with “Hold” rating in a report issued on a November 23.
The stock decreased 0.82% or $4.64 on December 4, striking $560.67. Approximately shares of stock traded hands. Chipotle Mexican Grill, Inc. (NYSE:CMG) has declined 11.42% since May 4, 2015 and is downtrending. It has underperformed by 10.34% 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 $17.50 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 33.44 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).