Analysts Offer Insights on Services Companies: Chipotle (CMG) and Domino’s Pizza (DPZ)


Companies in the Services sector have received a lot of coverage today as analysts weigh in on Chipotle (CMG) and Domino’s Pizza (DPZ).

Chipotle (CMG)

In a report released today, Stephen Anderson from Maxim Group maintained a Hold rating on Chipotle, with a price target of $620. The company’s shares closed yesterday at $706.48, close to its 52-week high of $721.21.

Anderson observed:

“We maintain our Hold rating on Chipotle Mexican Grill (CMG), though raise our price target to $620, from $540, ahead of the release of 1Q19 (March) results on Wednesday, April 24.”

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 9.6% and a 65.1% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.

The word on The Street in general, suggests a Hold analyst consensus rating for Chipotle with a $592.17 average price target, representing a -16.2% downside. In a report issued on April 11, Jefferies also downgraded the stock to Hold with a $700 price target.

See today’s analyst top recommended stocks >>

Domino’s Pizza (DPZ)

In a report issued on April 15, Andrew Charles from Cowen & Co. maintained a Buy rating on Domino’s Pizza, with a price target of $295. The company’s shares closed yesterday at $255.34.

According to TipRanks.com, Charles is a 5-star analyst with an average return of 15.8% and a 73.8% success rate. Charles covers the Services sector, focusing on stocks such as Restaurant Brands International, Jack In The Box Inc, and Habit Restaurants.

Currently, the analyst consensus on Domino’s Pizza is a Strong Buy with an average price target of $294.70, a 15.4% upside from current levels. In a report issued on April 15, Robert W. Baird also maintained a Buy rating on the stock with a $310 price target.

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