OTR Global upgraded Chipotle Mexican Grill CMG (NYSE:CMG) to Positive in a statement released earlier today.
- Updated: April 20, 2017
OTR Global has upgraded Chipotle Mexican Grill CMG (NYSE:CMG) to Positive in a statement released on 4/20/2017.
Boasting a price of $478.34, Chipotle Mexican Grill CMG (NYSE:CMG) traded 0.30% higher on the day. With the last stock price close up 17.17% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Chipotle Mexican Grill CMG has recorded a 50-day average of $429.06 and a two hundred day average of $408.28. Volume of trade was down over the average, with 626,888 shares of CMG changing hands under the typical 832,532
With a total market value of $0, Chipotle Mexican Grill CMG has 52 week low of $352.96 and a 52 week high of $483.50 with a P/E ratio of 621.29 .
In addition to OTR Global reporting its target price, a total of 26 brokers have issued a report on the stock. The consensus target price 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 brokerages rating the company a underperform, and lastly two brokerages rating the company a sell.
General Company Details For 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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