Barclays analyst Jeff Bernstein maintained a Hold rating on Chipotle today and set a price target of $55.00. The company’s shares closed yesterday at $53.38.
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According to TipRanks, Bernstein is a 4-star analyst with an average return of 4.6% and a 57.00% success rate. Bernstein covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Wingstop, and Texas Roadhouse.
In addition to Barclays, Chipotle also received a Hold from Stephens’s Jim Salera in a report issued yesterday. However, on the same day, TR | OpenAI – 4o reiterated a Buy rating on Chipotle (NYSE: CMG).
Based on Chipotle’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.88 billion and a net profit of $386.6 million. In comparison, last year the company earned a revenue of $2.7 billion and had a net profit of $359.29 million
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. Earlier this month, Curtis Garner, the Pres, Chief Strgy & Tech Off of CMG sold 15,750.00 shares for a total of $887,040.00.
Read More on CMG:
- Chipotle price target raised to $60 from $49 at Stephens
- Rivian downgraded, PayPal upgraded: Wall Street’s top analyst calls
- Melius starts restaurants with Sells on McDonald’s and Starbucks
- Chipotle initiated with a Hold at Melius Research
- FedEx, Chipotle, Intuit, MongoDB, Sunrun: Insider Stock Sales Unveiled