The Chipotle Mexican Grill, Inc. (CMG) Rating Increased to Hold at Vetr Inc.

The Chipotle Mexican Grill, Inc. (CMG) Rating Increased to Hold at Vetr Inc.

CMG has been the topic of a number of other research reports. Zacks Investment Research raised Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Wednesday, February 22nd. JPMorgan Chase & Co. downgraded Chipotle Mexican Grill from an “overweight” rating to a “neutral” rating and set a $375.00 price target on the stock. in a research note on Tuesday, January 17th. Barclays PLC increased their price target on Chipotle Mexican Grill from $395.00 to $415.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 26th. Piper Jaffray Companies set a $483.00 price target on Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Friday, February 3rd. Finally, Stephens restated an “underweight” rating and issued a $325.00 price objective on shares of Chipotle Mexican Grill in a research report on Monday, February 6th. Seven equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have given a buy rating to the stock. Chipotle Mexican Grill currently has an average rating of “Hold” and a consensus price target of $446.40.

Chipotle Mexican Grill, Inc. (NYSE:CMG) was upgraded by research analysts at Vetr from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, May 15th. The brokerage currently has a $493.69 price target on the restaurant operator’s stock. Vetr‘s price objective indicates a potential upside of 3.27% from the company’s previous close.

Shares of Chipotle Mexican Grill (NYSE:CMG) opened at 478.07 on Monday. The company’s 50-day moving average price is $479.80 and its 200 day moving average price is $426.95. Chipotle Mexican Grill has a 1-year low of $352.96 and a 1-year high of $499.00. The stock has a market cap of $13.70 billion, a PE ratio of 147.87 and a beta of 0.59.

Several institutional investors have recently modified their holdings of CMG. FNY Managed Accounts LLC acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth approximately $107,000. Harbour Capital Advisors LLC acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth approximately $121,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Chipotle Mexican Grill by 84.5% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock worth $164,000 after buying an additional 169 shares during the period. Van ECK Associates Corp raised its position in shares of Chipotle Mexican Grill by 6.7% in the first quarter. Van ECK Associates Corp now owns 398 shares of the restaurant operator’s stock worth $177,000 after buying an additional 25 shares during the period. Finally, Sphera Funds Management LTD. acquired a new position in shares of Chipotle Mexican Grill during the first quarter worth approximately $178,000. Institutional investors own 96.62% of the company’s stock. Chipotle Mexican Grill Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CMG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); To view Vetr’s full report, visit Vetr’s official website.

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