In a report issued on March 30, Christopher Carril from RBC Capital maintained a Hold rating on Chipotle (CMG), with a price target of $727.00. The company’s shares closed last Wednesday at $625.00.
According to TipRanks.com, Carril is a 1-star analyst with an average return of -20.3% and a 15.4% success rate. Carril covers the Services sector, focusing on stocks such as Restaurant Brands International, Texas Roadhouse, and Domino’s Pizza.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chipotle with a $875.45 average price target, which is a 36.8% upside from current levels. In a report issued on March 25, Morgan Stanley also maintained a Hold rating on the stock with a $602.00 price target.
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Based on Chipotle’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.44 billion and net profit of $72.42 million. In comparison, last year the company earned revenue of $1.23 billion and had a net profit of $32.02 million.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CMG in relation to earlier this year.
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 Newport Beach, CA.
