Robert W. Baird analyst David Tarantino reiterated a Buy rating on Chipotle (CMG – Research Report) on April 18 and set a price target of $1900.00. The company’s shares closed last Tuesday at $1632.03.
According to TipRanks.com, 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.
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.
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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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