In a report released today, Peter Saleh from BTIG maintained a Buy rating on Chipotle (CMG), with a price target of $700. The company’s shares closed yesterday at $630.99, close to its 52-week high of $635.60.
Saleh has an average return of 14.7% when recommending Chipotle.
According to TipRanks.com, Saleh is ranked #690 out of 5236 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chipotle with a $561.72 average price target.
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Chipotle’s market cap is currently $17.48B and has a P/E ratio of 99.84. The company has a Price to Book ratio of 12.13.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock.
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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 Denver, CO.
