BTIG Sticks to Their Buy Rating for Chipotle (CMG)

BTIG analyst Peter Saleh maintained a Buy rating on Chipotle (CMGResearch Report) on January 27 and set a price target of $1,825.00. The company’s shares closed last Friday at $1,613.78.

According to TipRanks, Saleh is a 5-star analyst with an average return of 12.4% and a 65.06% success rate. Saleh covers the Services sector, focusing on stocks such as Starbucks, Drive Shack, and Papa John’s International.

In addition to BTIG, Chipotle also received a Buy from Wells Fargo’s Zachary Fadem in a report issued on January 23. However, on January 17, Morgan Stanley downgraded Chipotle (NYSE: CMG) to a Hold.

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The company has a one-year high of $1,754.56 and a one-year low of $1,196.28. Currently, Chipotle has an average volume of 271.1K.

Based on the recent corporate insider activity of 66 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. is a Mexican food restaurant chain operator. It engages in the development and operation of fast-casual, fresh Mexican food restaurants throughout the United States. It offers a focused menu of burritos, burrito bowls, tacos, and salads cooked through traditional methods and served in a unique atmosphere.

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