Citigroup reiterated their sell rating on shares of Chipotle Mexican Grill (NYSE:CMG) in a research report report published on Wednesday morning, The Fly reports. They currently have a $290.00 target price on the restaurant operator’s stock.
A number of other research analysts have also recently issued reports on the company. Zacks Investment Research upgraded Chipotle Mexican Grill from a strong sell rating to a hold rating in a research report on Thursday, November 16th. Wells Fargo & Co reiterated a hold rating on shares of Chipotle Mexican Grill in a research report on Friday, October 13th. Bank of America cut Chipotle Mexican Grill from a neutral rating to an underperform rating and decreased their target price for the company from $390.00 to $285.00 in a research report on Wednesday, October 18th. UBS Group set a $345.00 target price on Chipotle Mexican Grill and gave the company a hold rating in a research report on Thursday, October 26th. Finally, Maxim Group restated a buy rating and set a $400.00 price target (down from $420.00) on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. Seven investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill currently has an average rating of Hold and an average target price of $359.78.
Chipotle Mexican Grill (NYSE:CMG) opened at $311.64 on Wednesday. Chipotle Mexican Grill has a 12-month low of $263.00 and a 12-month high of $499.00. The stock has a market capitalization of $8,800.00, a PE ratio of 60.40, a price-to-earnings-growth ratio of 1.85 and a beta of 0.59.
COPYRIGHT VIOLATION WARNING: “Citigroup Reaffirms “Sell” Rating for Chipotle Mexican Grill (CMG)” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.com-unik.info/2018/02/04/citigroup-reaffirms-sell-rating-for-chipotle-mexican-grill-cmg.html.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.