Chipotle Mexican Grill (CMG) is Downgraded by Oppenheimer to Perform

Chipotle Mexican Grill (CMG) is Downgraded by Oppenheimer to Perform , according to the research report released to the investors. Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

Chipotle Mexican Grill, Inc. has dropped 33.76% during the last 3-month period . Year-to-Date the stock performance stands at -29.9%.

Chipotle Mexican Grill, Inc. (NYSE:CMG) has lost 3.08% during the past week and dropped 14.5% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 2.27%. Chipotle Mexican Grill, Inc. (NYSE:CMG) has underperformed the index by 12.5% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Chipotle Mexican Grill, Inc. (NYSE:CMG) ended Thursday session in red amid volatile trading. The shares closed down 5.94 points or 1.22% at $479.85 with 1,196,568 shares getting traded. Post opening the session at $483.11, the shares hit an intraday low of $477.97 and an intraday high of $485.78 and the price vacillated in this range throughout the day. The company has a market cap of $14,965 million and the number of outstanding shares have been calculated to be 31,187,503 shares. The 52-week high of Chipotle Mexican Grill, Inc. (NYSE:CMG) is $758.61 and the 52-week low is $477.97.

Currently the company Insiders own 3.82% of Chipotle Mexican Grill, Inc. shares according to the proxy statements. Institutional Investors own 93.56% of Chipotle Mexican Grill, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -12.59%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Charlesworth John S, director of Chipotle Mexican Grill Inc, had unloaded 2,000 shares at an average price of $750.12 in a transaction dated on August 6, 2015. The total value of the transaction was worth $1,500,240.

Chipotle Mexican Grill, Inc. (Chipotle) operates Chipotle Mexican Grill restaurants. Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2012, the Company operated 1,410 restaurants, including Chipotle restaurants throughout the United States, as well as five in Canada, five in London, England, and one in Paris, France, and also one ShopHouse Southeast Asian Kitchen, a restaurant in Washington, D.C. 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. As of December 31, 2012, of its restaurants in operation, the Company had 258 free-standing units, 861 end-cap locations, 233 in-line locations and 58 other. The average restaurant size is about 2,535 square feet and seats about 56 people. Most of its restaurants also feature outdoor patio space.