Robert W. Baird analyst David Tarantino reiterated a Buy rating on Chipotle (CMG) yesterday and set a price target of $525. The company’s shares opened today at $441.93.
According to TipRanks.com, Tarantino is a 4-star analyst with an average return of 4.4% and a 58.9% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Habit Restaurants, and McDonald’s Corp.
Chipotle has an analyst consensus of Hold, with a price target consensus of $466.59, representing a 5.6% upside. In a report issued on December 19, BTIG also maintained a Buy rating on the stock with a $515 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.
