Cowen & Co. analyst Andrew Charles reiterated a Hold rating on Chipotle (CMG) today and set a price target of $575. The company’s shares opened today at $597.02, close to its 52-week high of $612.60.
According to TipRanks.com, Charles is a 5-star analyst with an average return of 13.8% and a 69.5% success rate. Charles covers the Services sector, focusing on stocks such as Restaurant Brands International, Jack In The Box Inc, and McDonald’s Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chipotle with a $557.52 average price target, implying a -6.6% downside from current levels. In a report issued on February 6, Stephens also maintained a Hold rating on the stock with a $450 price target.
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Chipotle’s market cap is currently $16.61B and has a P/E ratio of 94.88. The company has a Price to Book ratio of 11.52.
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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.
