Chipotle shares drop despite launch of queso dip

Chipotle shares drop despite launch of queso dip

Chipotle shares drop despite launch of queso dip

The consensus analyst target price is $358.46. They now have a $400.00 price target on the restaurant operator's stock. With a return potential of almost 23%, the stock's consensus target price stands at $341.17.

"The analysts wrote, "We maintain our Buy rating on Chipotle Mexican Grill (CMG), though lower our price target to $400, from $420 following the release of 3Q17 (September) results". On Wednesday, July 19 the stock rating was downgraded by BMO Capital Markets to "Market Perform".

While Collier does not budge away from the sidelines, she acknowledges the world's largest restaurant chain's quarterly performance was "impressive", producing "another solid quarter given market share across all major geographies". (NYSE:CMG) has "Neutral" rating given on Friday, July 22 by Goldman Sachs. Telsey Advisory Group maintained Chipotle Mexican Grill, Inc. Based on 22 analysts polled by TipRanks in the last 3 months, 16 rate a Buy on McDonald's stock while 6 maintain a Hold. (NYSE:CMG) has "Market Perform" rating given on Wednesday, April 27 by Cowen & Co. The insider now holds 73,433 shares of Chipotle Mexican Grill, Inc. The company has market cap of $9.25 billion.

The simple moving average is the most common method used to calculate the moving average of prices.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 24th. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. That gives us a street projected return of 10.53%.

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On a two-year, stacked basis, Chipotle's same-store sales in the third quarter were down 20.9 percent.

Shares of Chipotle Mexican Grill Inc., which are down 14 percent so far this year, fell $30.67 to $293.63 after the stock market closed Tuesday.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another publication, it was stolen and reposted in violation of USA & worldwide copyright laws. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2017/10/25/chipotle-mexican-grill-inc-cmg-receives-buy-rating-from-maxim-group.html. The percentage of shares being held by the company management was 0.3% while institutional stake was 0%.

The stock increased 1.20% or $3.85 during the last trading session, reaching $324.3. The hurricanes cost Chipotle $0.13 in diluted EPS. It increased, as 62 investors sold AAPL shares while 1068 reduced holdings. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator's stock valued at $140,000 after purchasing an additional 55 shares in the last quarter. The correct version of this piece of content can be accessed at https://weekherald.com/2017/10/25/chipotle-mexican-grill-inc-cmg-given-a-300-00-price-target-by-robert-w-baird-analysts.html.

In order to increase training and create innovations around Chipotle's menu and its digital-ordering platform, however, chief restaurant officer Scott Boatwright said he's asked the company's development team to ease off on the pace of new openings over the next 12 to 18 months. Hedge funds and other institutional investors own 90.01% of the company's stock. Invesco Ltd reported 0.02% of its portfolio in Chipotle Mexican Grill, Inc.

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