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Chipotle (CMG) Gets a Buy Rating from RBC Capital

RBC Capital analyst Christopher Carril maintained a Buy rating on Chipotle (CMGResearch Report) on July 18 and set a price target of $1800.00. The company’s shares closed last Wednesday at $1374.88.

According to TipRanks.com, Carril is a 4-star analyst with an average return of 7.2% and a 53.1% success rate. Carril covers the Services sector, focusing on stocks such as Restaurant Brands International, Life Time Group Holdings, and Brinker International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Chipotle with a $1790.67 average price target, a 33.3% upside from current levels. In a report issued on July 5, Stifel Nicolaus also maintained a Buy rating on the stock.

See the top stocks recommended by analysts >>

The company has a one-year high of $1958.55 and a one-year low of $1196.28. Currently, Chipotle has an average volume of 254.3K.

Based on the recent corporate insider activity of 78 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.

Read More on CMG:

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