Chipotle (CMG) Gets a Buy Rating from Robert W. Baird

Robert W. Baird analyst David Tarantino maintained a Buy rating on Chipotle (CMGResearch Report) on February 28. The company’s shares closed last Friday at $1442.28.

According to TipRanks.com, Tarantino is a 5-star analyst with an average return of 10.4% and a 60.6% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.

Chipotle has an analyst consensus of Strong Buy, with a price target consensus of $1947.45, implying a 33.6% upside from current levels. In a report issued on February 14, Kalinowski Equity Research also upgraded the stock to Buy with a $1900.00 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 $1.96 billion and net profit of $133 million. In comparison, last year the company earned revenue of $1.61 billion and had a net profit of $191 million.

Based on the recent corporate insider activity of 99 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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