After Piper Jaffray and SunTrust Robinson gave Chipotle (NYSE: CMG) a Buy rating last month, the company received another Buy, this time from KeyBanc. Analyst Eric Gonzalez reiterated a Buy rating on Chipotle yesterday and set a price target of $525. The company’s shares closed yesterday at $485.15, close to its 52-week high of $530.68.
Gonzalez has an average return of 11.1% when recommending Chipotle.
According to TipRanks.com, Gonzalez is ranked #1496 out of 5127 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Chipotle with a $466 average price target, which is a -3.9% downside from current levels. In a report issued on January 2, Robert W. Baird also reiterated a Buy rating on the stock with a $525 price target.
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Based on Chipotle’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $38.2 million. In comparison, last year the company had a net profit of $43.79 million.
Based on the recent corporate insider activity of 15 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.
