In a report released today, Brian Bittner from Oppenheimer maintained a Hold rating on Chipotle (CMG). The company’s shares closed last Wednesday at $1366.66, close to its 52-week high of $1384.46.
According to TipRanks.com, Bittner is a 5-star analyst with an average return of 10.2% and a 68.2% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and Cheesecake Factory.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chipotle with a $1366.82 average price target, which is a 1.7% upside from current levels. In a report issued on October 14, Morgan Stanley also maintained a Hold rating on the stock with a $1286.00 price target.
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The company has a one-year high of $1384.46 and a one-year low of $415.00. Currently, Chipotle has an average volume of 314.3K.
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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 Newport Beach, CA.
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