Chipotle Mexican Grill, Inc. (NYSE:CMG) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Thursday, MarketBeat reports. They currently have a $507.44 price objective on the stock. Vetr‘s target price indicates a potential upside of 7.36% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Barclays reissued a “neutral” rating and issued a $540.00 target price (down previously from $660.00) on shares of Chipotle Mexican Grill in a 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 target price on the stock. Guggenheim downgraded Chipotle Mexican Grill from a “buy” rating to a “neutral” rating in a report on Monday, December 7th. BMO Capital Markets reissued an “outperform” rating on shares of Chipotle Mexican Grill in a report on Monday, November 16th. Finally, Maxim Group lowered their target price on Chipotle Mexican Grill from $495.00 to $435.00 and set a “hold” rating on the stock in a report on Monday, January 4th. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $576.22.

Shares of Chipotle Mexican Grill (NYSE:CMG) traded up 4.34% on Thursday, hitting $472.64. The stock had a trading volume of 2,336,586 shares. The firm has a 50-day moving average price of $476.17 and a 200-day moving average price of $633.55. The stock has a market capitalization of $14.74 billion and a P/E ratio of 28.20. Chipotle Mexican Grill has a 52 week low of $399.14 and a 52 week high of $758.61.

Several large investors have modified their holdings of CMG. UMB Bank raised its stake 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. Candriam Luxembourg S.C.A. raised its stake in shares of Chipotle Mexican Grill by 66.2% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 879 shares of the company’s stock worth $422,000 after buying an additional 350 shares in the last quarter. BB&T Securities acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $435,000. Heritage Investors Management acquired a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $559,000. Finally, Kanaly Trust Co. raised its stake in shares of Chipotle Mexican Grill by 12.5% in the fourth quarter. Kanaly Trust Co. now owns 1,170 shares of the company’s stock worth $561,000 after buying an additional 130 shares in the last quarter.

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

To view Vetr’s full report, visit Vetr’s official website.

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