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BidaskClub downgraded Chipotle Mexican Grill, Inc. (NYSE:CMG) to Sell in a statement released earlier today.

BidaskClub has downgraded Chipotle Mexican Grill, Inc. (NYSE:CMG) to Sell in a statement released on Tuesday June 20, 2017.

On Thursday June 15, 2017, Vetr Inc. released a statement for Chipotle Mexican Grill, Inc. (NYSE:CMG) bumped up the target price from $0.00 to $511.86 that suggested an upside of 0.12%.

Boasting a price of $458.91, Chipotle Mexican Grill, Inc. (NYSE:CMG) traded 0.80% higher on the day. The last stock close price is up -23.46% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. The company has recorded a 50-day moving average of $320.64 and a 200-day moving average of $409.05. 1,377,786 shares of the stock were exchanged, down from an average trading volume of 1,505,700

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Chipotle Mexican Grill, Inc. (NYSE:CMG)

Chipotle Mexican Grill, Inc. has a 52 week low of $296.00 and a 52 week high of $499.00 with a PE ratio of 67.30 Chipotle Mexican Grill, Inc.’s market capitalization is currently $0.

In addition to BidaskClub reporting its stock price target, a total of 26 brokers have issued a research note on the company. The average stock price target is $466.19 with 5 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 18 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 2 brokers rating the stock a sell.

Brief Synopsis On Chipotle Mexican Grill, Inc. (NYSE:CMG)

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. As of December 31, 2016, the Company operated 2,198 Chipotle restaurants throughout the United States, as well as 29 international Chipotle restaurants, and it also had 23 restaurants in operation in other non-Chipotle concepts. As of December 31, 2016, 29 of its restaurants were located outside of the United States, with 17 in Canada, six in the United Kingdom, five in France and one in Frankfurt, Germany. The Company sells gift cards, which do not have an expiration date. The Company categorizes its restaurants as end-caps (at the end of a line of retail outlets), in-lines (in a line of retail outlets), free-standing or other.

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