Chipotle Mexican Grill (NYSE:CMG) : The consensus on Chipotle Mexican Grill (NYSE:CMG) based on 26 analyst recommendation on the company stock is 2.75, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 13 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Chipotle Mexican Grill (NYSE:CMG).
Chipotle Mexican Grill (NYSE:CMG) : The highest level Chipotle Mexican Grill (NYSE:CMG) is projected to reach is $590 for the short term and the lowest estimate is at $285. The consolidated price target from 18 rating analysts who initiate coverage on the stock is $450.11 and the possibility the share price can swing is $77.76.
Company shares have received an average consensus rating of Hold for the current week
Chipotle Mexican Grill (NYSE:CMG): stock turned positive on Tuesday. Though the stock opened at $396.39, the bulls momentum made the stock top out at $397.44 level for the day. The stock recorded a low of $389 and closed the trading day at $391.67, in the green by 0.74%. The total traded volume for the day was 722,535. The stock had closed at $388.78 in the previous days trading.
In an insider trading activity,The director officer (Chairman & Co-CEO) of Chipotle Mexican Grill Inc, Ells Steve sold 21,000 shares at $440.65 on May 31, 2016. The Insider selling transaction had a total value worth of $9,253,650. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.