Chipotle Mexican Grill (CMG) Earning Somewhat Favorable Press Coverage, Study Shows
Media coverage about Chipotle Mexican Grill (NYSE:CMG) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chipotle Mexican Grill earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 43.7974283088136 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s rankings:
- Chipotle restaurant under investigation after illness scare-Report (CMG) (markets.businessinsider.com)
- LA health officials investigating reports of illness at C… (finance.yahoo.com)
- Chipotle Feeling The Effects Of IWasPoisoned Again (finance.yahoo.com)
- Chipotle Falls on Report of Possible Outbreak at L.A. Restaurant (finance.yahoo.com)
- Chipotle: We take any illness report seriously (finance.yahoo.com)
Chipotle Mexican Grill (NYSE CMG) traded down $14.50 during midday trading on Wednesday, reaching $298.67. The company had a trading volume of 2,017,227 shares, compared to its average volume of 1,169,196. The stock has a market capitalization of $8,430.00, a P/E ratio of 54.04, a PEG ratio of 2.70 and a beta of 0.49. Chipotle Mexican Grill has a 12 month low of $263.00 and a 12 month high of $499.00.
A number of analysts have commented on CMG shares. Credit Suisse Group reduced their target price on Chipotle Mexican Grill from $320.00 to $275.00 and set a “neutral” rating for the company in a report on Wednesday, October 25th. Robert W. Baird reissued a “hold” rating and issued a $340.00 target price (down previously from $385.00) on shares of Chipotle Mexican Grill in a report on Tuesday, October 3rd. Standpoint Research raised Chipotle Mexican Grill from an “underperform” rating to a “hold” rating in a report on Friday, August 25th. Royal Bank of Canada reduced their target price on Chipotle Mexican Grill from $440.00 to $330.00 and set a “sector perform” rating for the company in a report on Friday, October 20th. Finally, Wedbush reissued a “hold” rating and issued a $290.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. Six equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $357.00.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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