Chipotle Mexican Grill, Inc. (NYSE:CMG) shares shot up 4.3% on Monday after Maxim Group raised their price target on the stock from $395.00 to $455.00, AnalystRatingsNetwork.com reports. Maxim Group currently has a hold rating on the stock. Chipotle Mexican Grill traded as high as $479.00 and last traded at $472.42, with a volume of 1,438,363 shares trading hands. The stock had previously closed at $452.97.

CMG has been the topic of a number of other reports. Barclays reaffirmed a “neutral” rating and set a $540.00 price objective (down from $660.00) on shares of Chipotle Mexican Grill in a research report on Monday, December 7th. CLSA initiated coverage on Chipotle Mexican Grill in a report on Wednesday, December 9th. They issued a “buy” rating and a $645.00 price target on the stock. Vetr cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating and set a $726.93 price target on the stock. in a report on Tuesday, October 13th. Guggenheim cut Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Monday, December 7th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Chipotle Mexican Grill in a report on Monday, November 16th. Two analysts have rated the stock with a sell rating, twenty have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Chipotle Mexican Grill has a consensus rating of “Hold” and an average price target of $576.22.

A number of large investors have added to or reduced their stakes in the stock. Windward Capital Management Company boosted its stake in Chipotle Mexican Grill by 29.3% in the fourth quarter. Windward Capital Management Company now owns 33,635 shares of the company’s stock worth $16,139,000 after buying an additional 7,612 shares during the period. Marcus Capital purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $3,575,000. Capital Impact Advisors purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $1,200,000. Simplex Trading purchased a new position in shares of Chipotle Mexican Grill during the fourth quarter worth $14,857,000. Finally, UMB Bank raised its position in shares of Chipotle Mexican Grill by 15.1% in the fourth quarter. UMB Bank now owns 739 shares of the company’s stock worth $354,000 after buying an additional 97 shares in the last quarter.

The firm’s 50-day moving average price is $476.17 and its 200 day moving average price is $633.55. The stock has a market cap of $14.52 billion and a price-to-earnings ratio of 27.77.

Chipotle Mexican Grill, Inc. (NYSE:CMG) 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 1,755 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 2,550 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.

12 Month Chart for NYSE:CMG

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