Chipotle (CMG) Receives a New Rating from Deutsche Bank

The company’s shares closed last Tuesday at $1017.00, close to its 52-week high of $1057.69.

According to TipRanks.com, Mullan is a 1-star analyst with an average return of -2.9% and a 45.8% success rate. Mullan covers the Services sector, focusing on stocks such as Restaurant Brands International, Dave & Busters Entertainment, and Papa John’s International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chipotle with a $878.52 average price target.

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The company has a one-year high of $1057.69 and a one-year low of $415.00. Currently, Chipotle has an average volume of 855K.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CMG in relation to earlier this year.

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Chipotle Mexican Grill, Inc. engages in the development and operation of fast-casual, fresh Mexican food restaurants throughout the U.S. It offers focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.