Northcoast Research assumed coverage on shares of Chipotle Mexican Grill (NYSE:CMG) in a report released on Friday, TheFlyOnTheWall.com reports. The firm issued a sell rating on the stock.
Northcoast Research has also taken action a number of other consumer discretionary stocks recently. The firm initiated coverage on shares of Dunkin’ Brands Group Inc.. They issued a neutral rating on that stock. Also, Northcoast Research initiated coverage on shares of Panera Bread Co.. They issued a buy rating on that stock.
Chipotle Mexican Grill (NYSE:CMG) traded down 0.32% on Friday, hitting $400.82. The stock had a trading volume of 117,460 shares. Chipotle Mexican Grill has a one year low of $233.82 and a one year high of $418.23. The stock has a 50-day moving average of $399.6 and a 200-day moving average of $360.1. The company has a market cap of $12.373 billion and a price-to-earnings ratio of 42.41.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group upgraded shares of Chipotle Mexican Grill from an underperform rating to a hold rating in a research note to investors on Tuesday, August 20th. They now have a $400.00 price target on the stock, up previously from $306.00. Separately, analysts at Zacks reiterated a neutral rating on shares of Chipotle Mexican Grill in a research note to investors on Thursday, August 8th. They now have a $425.00 price target on the stock. Finally, analysts at Miller Tabak raised their price target on shares of Chipotle Mexican Grill from $415.00 to $422.00 in a research note to investors on Wednesday, August 7th. They now have a buy rating on the stock.
One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $398.09.
Chipotle Mexican Grill, Inc and its subsidiaries (NYSE:CMG) operate restaurants throughout the United States, as well as two restaurants in Toronto, Canada and two in London, England.
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