Wedbush Maintains Chipotle Mexican Grill to Neutral with Price Target $400

Brokerage firm Wedbush Maintains its rating on Chipotle Mexican Grill(CMG). In a research note issued to the investors, the brokerage major Maintains the price-target to $400 per share. The shares have been rated Neutral. The rating by the stock financial advisor at Wedbush was issued on Mar 27, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 3, 2017, Maxim Group said it Upgrades its rating on Chipotle Mexican Grill. According to the research note, Maxim Group Raises the price target to $390 per share from a prior target of $280. The shares have been rated ‘Hold’ by the firm. On Jan 17, 2017, JP Morgan said it Downgrades its rating on Chipotle Mexican Grill. In the research note, the firm Announces the price-target to $375 per share. The shares have been rated ‘Neutral’ by the firm.

Chipotle Mexican Grill (CMG) shares turned negative on Fridays trading session with the shares closing down -0.86 points or -0.21% at a volume of 4,63,051. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $417.78. The peak price level was also seen at $417.78 while the days lowest was $412.67. Finally the shares closed at $414.02. The 52-week high of the shares is $480.6199 while the 52-week low is $352.96. According to the latest information available, the market cap of the company is $11,913 M.

Chipotle Mexican Grill(CMG) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $1.035B. Analysts had an estimated revenue of $1.040B. Earnings per share were $0.55. Analysts had estimated an EPS of $0.67.

Several Insider Transactions has been reported to the SEC. On Feb 6, 2017, Matthew H Paull (director) purchased 400 shares at $397.71 per share price.Also, On Jun 2, 2016, Steve Ells (Chairman & Co-CEO) sold 21,000 shares at $440.65 per share price.On Aug 7, 2015, John S Charlesworth (director) sold 2,000 shares at $750.12 per share price, according to the Form-4 filing with the securities and exchange commission.

Chipotle Mexican Grill Inc. (Chipotle) develops and operates Chipotle Mexican Grill restaurants which serve a focused menu of burritos tacos burrito bowls (a burrito without the tortilla) and salads. The Company operates 1755 restaurants in the United States seven in Canada six in England three in France and one in Germany. The Company’s restaurants also include nine ShopHouse Southeast Asian Kitchen restaurants. The Company owns and operates two Pizzeria Locale restaurants a fast casual pizza concept. It also provides a variety of extras such as guacamole salsas and tortilla chips seasoned with fresh lime juice and kosher salt. Its restaurants also offer sodas fruit drinks organic milk beer and margaritas. The average restaurant size is about 2550 square feet and seats about 58 people. The Company’s restaurants also feature outdoor patio space. The Company’s restaurants accept orders by fax online or through an iPhone or Android ordering application.

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