Chipotle (CMG) Receives a Buy from Robert W. Baird

Robert W. Baird analyst David Tarantino reiterated a Buy rating on Chipotle (CMGResearch Report) on April 18 and set a price target of $1900.00. The company’s shares closed last Tuesday at $1632.03.

According to, Tarantino is a 5-star analyst with an average return of 10.1% and a 62.5% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Chipotle with a $1947.70 average price target, representing a 22.5% upside. In a report issued on April 14, KeyBanc also maintained a Buy rating on the stock with a $1900.00 price target.

See today’s best-performing stocks on TipRanks >>

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 83 insiders, corporate insider sentiment is neutral on the stock.

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:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More