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Chipotle Mexican Grill, Inc. (NYSE:CMG) has been upgraded to Buy in a report by Argus today.

Argus has upgraded Chipotle Mexican Grill, Inc. (NYSE:CMG) to Buy in a report released on 5/25/2017.

Previously on 5/15/2017, Vetr Inc. reported about Chipotle Mexican Grill, Inc. (NYSE:CMG) raised the target price from $0.00 to $493.69. At the time, this indicated a possible upside of 0.01%.

Yesterday Chipotle Mexican Grill, Inc. (NYSE:CMG) traded -2.69% lower at $478.80. The company’s 50-day moving average is $309.31 and its 200-day moving average is $382.84. The last stock close price is up -29.81% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 1,769,037 shares of the stock were exchanged, up from an average trading volume of 1,409,410

See Chart Below

Chipotle Mexican Grill, Inc. (NYSE:CMG)

Chipotle Mexican Grill, Inc. has a 52 week low of $268.18 and a 52 week high of $499.00 with a price-earnings ratio of 57.76 CMG’s total market value is presently $0.

A total of 26 equity analysts have released a research note on CMG. Five equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, eighteen equity analysts rating the company a hold, four equity analysts rating the company a underperform, and finally two equity analysts rating the company a sell with a one year target of $466.19.

More About 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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