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Chipotle Mexican Grill, Inc. (CMG) [hlAlert]

Rating:
Market Perform
CMG
down 11.45 %

Chipotle Mexican Grill, Inc. (CMG) downgraded to Market Perform with price target $555 by Telsey Advisory Group

Posted on: Wednesday,  Jan 6, 2016  10:25 AM ET by Telsey Advisory Group

Telsey Advisory Group rated Market Perform Chipotle Mexican Grill, Inc. (NYSE: CMG) on 01/06/2016. Previously Telsey Advisory Group rated Outperform Chipotle Mexican Grill, Inc.
(NYSE: CMG) on 12/24/2015., when the stock price was $501.03. Since then, Chipotle Mexican Grill, Inc. has lost 11.46% as of 01/06/2016's recent price of $443.62.
If you would have followed the previous Telsey Advisory Group's recommendation on CMG, you would have lost 11.45% of your investment in 13 days.

Chipotle Mexican Grill, Inc. develops and operates fast-casual, fresh Mexican food restaurants in 33 states throughout the United States, the District of Columbia and Ontario, Canada. It operates Mexican food restaurants serving burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operated 837 restaurants in 33 states throughout the United States, the District of Columbia, and Toronto, Canada as of December 31, 2008. Its restaurants serve a menu of tacos, burritos, salads and burrito bowls (a burrito without the tortilla), made using fresh ingredients. Chipotle categorizes its restaurants as either end-caps (at the end of a line of retail outlets), in-lines (in a line of retail outlets), free-standing or other. Of its restaurants in operation as of December 31, 2008, it had 180 free-standing units, 496 end-cap locations, 135 in-line locations and 26 other. The average restaurant size is about 2,600 square feet and seats about 60 people.

Telsey Advisory Group
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/7/2016 8:25 AM Hold
None
416.00 448.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/6/2016 10:25 AM Hold
None
443.62 555.00
12/24/2015 8:25 AM Buy
None
501.03 555.00
12/7/2015 8:25 AM Buy
None
524.98 575.00
11/23/2015 10:25 AM Buy
None
568.49 625.00

(*) Stock Price at the time of the recommendation.
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