Chipotle Mexican Grill (CMG) Shares are Up 2.34%

Chipotle Mexican Grill (CMG) : Traders are bullish on Chipotle Mexican Grill (CMG) as it has outperformed the S&P 500 by a wide margin of 4.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.17%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.34% in the last 1 week, and is up 3.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.66% and the 50-Day Moving Average is 2.73%.The 200 Day SMA reached 4.73%


Chipotle Mexican Grill (NYSE:CMG): After opening at $421.36, the stock dipped to an intraday low of $418.011 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $428.9 and the buying power remained strong till the end. The stock closed at $423.5 for the day, a gain of 0.66% for the day session. The total traded volume was 996,508. The stocks close on the previous trading day was $423.5.

Chipotle Mexican Grill (CMG) : The consensus price target for Chipotle Mexican Grill (CMG) is $410.63 for the short term with a standard deviation of $87.18. The most optimist securities analyst among the 16 who monitor the stock believes that the stock can reach $550, however, the pessimist price target for the company is $215.

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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