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Equities research analysts at Longbow Research assumed coverage on shares of Chipotle Mexican Grill (NYSE:CMG) in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set an “underperform” rating on the stock.

In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 7,300 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $550.87, for a total value of $4,021,351.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 0.89% during mid-day trading on Friday, hitting $549.29. The stock had a trading volume of 495,822 shares. Chipotle Mexican Grill has a one year low of $307.17 and a one year high of $568.90. The stock has a 50-day moving average of $526.5 and a 200-day moving average of $477.. The company’s market cap is $17.046 billion.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings data on Thursday, January 30th. The company reported $2.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.53. The company had revenue of $844.10 million for the quarter, compared to the consensus estimate of $826.24 million. On average, analysts predict that Chipotle Mexican Grill will post $12.91 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Argus raised their price target on shares of Chipotle Mexican Grill from $580.00 to $660.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research note to investors on Tuesday. They now have a $580.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Chipotle Mexican Grill from $570.00 to $620.00 in a research note to investors on Friday, January 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $556.74.

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.

The Fly On The Wall

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