Maxim Group analyst Stephen Anderson maintained a Buy rating on Chipotle (CMG) on January 11 and set a price target of $510. The company’s shares closed yesterday at $514.49, close to its 52-week high of $530.68.
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.1% and a 65.7% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chipotle with a $471.50 average price target, implying a -8.4% 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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Chipotle’s market cap is currently $14.3B and has a P/E ratio of 76.56. The company has a Price to Book ratio of 9.96.
Based on the recent corporate insider activity of 13 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.
