Chipotle Mexican Grill Coverage Initiated by Analysts at Oppenheimer (CMG)
Equities research analysts at Oppenheimer assumed coverage on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on CMG. Analysts at UBS AG initiated coverage on shares of Chipotle Mexican Grill in a research note to investors on Wednesday, January 8th. They set a “neutral” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Chipotle Mexican Grill in a research note to investors on Tuesday, January 7th. They set an “outperform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Chipotle Mexican Grill from $435.00 to $500.00 in a research note to investors on Monday, January 6th. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the stock. Chipotle Mexican Grill currently has an average rating of “Buy” and a consensus target price of $503.27.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 2.42% on Thursday, hitting $503.45. 1,060,579 shares of the company’s stock traded hands. Chipotle Mexican Grill has a one year low of $292.87 and a one year high of $550.28. The stock’s 50-day moving average is $526.3 and its 200-day moving average is $466.. The company has a market cap of $15.579 billion and a price-to-earnings ratio of 52.26.
Chipotle Mexican Grill, Inc and its subsidiaries (NYSE:CMG) operate restaurants throughout the United States, as well as two restaurants in Toronto, Canada and two in London, England.
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