Telsey Advisory Believes Chipotle (CMG) Still Has Room to Grow


Telsey Advisory analyst Robert Derrington maintained a Buy rating on Chipotle (CMG) today and set a price target of $700. The company’s shares opened today at $700, close to its 52-week high of $721.21.

According to TipRanks.com, Derrington is ranked #1282 out of 5192 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chipotle with a $604.57 average price target, representing a -13.6% downside. In a report issued on April 10, Piper Jaffray also maintained a Buy rating on the stock with a $755 price target.

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Chipotle’s market cap is currently $19.06B and has a P/E ratio of 110.76. The company has a Price to Book ratio of 13.45.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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