Goldman Sachs announced Chipotle Mexican Grill (NYSE:CMG), cutting its price target to $395.00 earlier today
- Updated: September 21, 2016
Boasting a price of $400.42, Chipotle Mexican Grill (NYSE:CMG) traded -0.58% lower on the day. With the last stock price close down -7.46% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $408.46 and a 200-day moving average of $432.68. 1,490,174 shares of the stock traded hands, up from an average trading volume of 1,110,600
Chipotle Mexican Grill (NYSE:CMG) had its target price lowered to $395.00 by Goldman Sachs in a report released 09/21/2016. The new target price indicates a possible downside of -0.01% from the company's most recent stock price close.
Recent Performance Chart
Chipotle Mexican Grill has PE ratio of 57.69 with a 52 week low of $384.77 and a one year high of $757.00 and has a total market value of $0.
A total of 26 brokers have issued a research note on the stock. Five brokerages rating the company a strong buy, seven equity analysts rating the company a buy, eighteen analysts rating the company a hold, 4 equity analysts rating the company a underperform, and finally 2 brokers rating the stock a sell with a average stock price target of $466.19.
More About Chipotle Mexican Grill (NYSE:CMG)
Chipotle Mexican Grill, Inc., 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. The Company operates approximately 1,970 Chipotle restaurants throughout the United States, over 10 in Canada, seven in England, four in France and one in Germany. The Company's restaurants include over 10 ShopHouse Southeast Asian Kitchen restaurants, serving Asian-inspired cuisine. The Company owned and operated approximately three Pizzeria Locale restaurants, a fast casual pizza concept, resulting in a totaling of approximately 2,010 restaurants. The Company sells gift cards which do not have an expiration date.
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