Chipotle Mexican Grill Receives Neutral Rating from Wedbush (CMG)
Wedbush reissued their neutral rating on shares of Chipotle Mexican Grill (NYSE: CMG) in a research report released on Wednesday morning. Wedbush currently has a $320.00 price target on the stock, up from their previous price target of $310.00.
“We believe Chipotle’s current valuation properly reflects the probability of a price increase in mid-2013 in the 3% range, as well as the possibility of catering traction, balanced by slowing long-term growth fundamentals, such as a slowing unit growth rate and the lack of meaningful short-term comp drivers.,” Wedbush’s analyst commented.
A number of other firms have also recently commented on CMG. Analysts at UBS AG raised their price target on shares of Chipotle Mexican Grill from $310.00 to $330.00 in a research note to investors on Wednesday. They now have a neutral rating on the stock. Separately, analysts at TheStreet reiterated a buy rating on shares of Chipotle Mexican Grill in a research note to investors on Wednesday, March 6th. Finally, analysts at TheStreet reiterated a buy rating on shares of Chipotle Mexican Grill in a research note to investors on Friday, February 8th.
Five investment analysts have rated the stock with a buy rating, three have assigned an overweight rating, eighteen have assigned a hold rating, one has assigned an underweight rating, and two have issued a sell rating to the stock. The stock has a consensus rating of hold and a consensus price target of $335.95.
Chipotle Mexican Grill (NYSE: CMG) opened at 321.40 on Wednesday. Chipotle Mexican Grill has a 1-year low of $233.82 and a 1-year high of $442.40. The stock’s 50-day moving average is currently $316.0. The company has a market cap of $9.973 billion and a price-to-earnings ratio of 36.88.
Chipotle Mexican Grill, Inc. and its subsidiaries (Chipotle) operate restaurants throughout the United States, as well as two restaurants in Toronto, Canada and two in London, England.
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