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Chipotle Mexican Grill CMG (NYSE:CMG) stock price target increased to $420.00, released a report earlier today by Standpoint Research

Just yesterday Chipotle Mexican Grill CMG (NYSE:CMG) traded 0.30% higher at $478.34. Chipotle Mexican Grill CMG’s 50-day moving average is $429.06 and its 200-day moving average is $408.28. The last stock price is up 17.17% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 626,888 shares of CMG traded hands, down from an average trading volume of 832,532

Reporting a potential downside of -0.12%, Standpoint Research increased the stock price target of Chipotle Mexican Grill CMG (NYSE:CMG) to $420.00

Recent Performance Chart

Chipotle Mexican Grill CMG (NYSE:CMG)

Chipotle Mexican Grill CMG has 52 week low of $352.96 and a 52 week high of $483.50 with a PE ratio of 621.29 and has a market capitalization of $0.

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

Brief Synopsis On Chipotle Mexican Grill CMG (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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