Vetr Top Raters Downgrade Chipotle, But Still Like Stock

Chipotle Mexican Grill, Inc. (NYSE: CMG) is scheduled to report its fourth-quarter results after Tuesday's market close.

Ahead of the restaurant operators quarterly print, Vetr top raters downgraded Chipotle Mexican Grill's stock rating to 3.5 stars. In fact, shares of Chipotle Mexican Grill has fallen to $472.64 since the prior rating of four stars was issued just five days ago.

Chipotle Mexican Grill's stock is popular among the Vetr Crowd, as more than 2 percent of users are holding the issue in their watch-lists. In addition, 84 percent of the Crowd's ratings are bullish and the crowdsourced price target of $497.12 implies a potential upside of more than 5 percent.

Related link: Here's how crowdsourced ratings can beat the market.

"I love the food, but every Chipotle in Orange County [California] is practically empty at all hours," Brendon, a member of the Crowd pointed out in support of a bearish stance.

"Consumer forgiveness cannot be underestimated for companies that show concrete steps toward reform," Todd Christensen, a member of the Vetr Crowd stated in taking a contrarian view. "Financials remain strong, and the product is solid."

Related Link: Chipotle Sales Per Store Peaked, Labor Costs Spiked Even Before The E.Coli Crisis

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