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Chipotle (CMG) Receives a Buy from Wedbush

Wedbush analyst Nick Setyan maintained a Buy rating on Chipotle (CMGResearch Report) today and set a price target of $2000.00. The company’s shares closed last Tuesday at $1460.35.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 9.0% and a 52.0% success rate. Setyan covers the Services sector, focusing on stocks such as The ONE Group Hospitality, Brinker International, and Del Taco Restaurants.

Currently, the analyst consensus on Chipotle is a Strong Buy with an average price target of $1941.61, a 33.6% upside from current levels. In a report issued on January 26, Gordon Haskett Capital Corporation also maintained a Buy rating on the stock with a $1750.00 price target.

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

Chipotle’s market cap is currently $41.09B and has a P/E ratio of 58.63.

Based on the recent corporate insider activity of 75 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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