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Robert W. Baird Keeps a Buy Rating on Chipotle (CMG)

In a report issued on May 31, David Tarantino from Robert W. Baird maintained a Buy rating on Chipotle (CMGResearch Report). The company’s shares closed last Tuesday at $1390.44.

According to TipRanks.com, Tarantino is a 4-star analyst with an average return of 7.3% and a 57.3% success rate. Tarantino covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and BJ’s Restaurants.

Currently, the analyst consensus on Chipotle is a Moderate Buy with an average price target of $1829.00, implying a 34.9% upside from current levels. In a report issued on May 26, Stifel Nicolaus also maintained a Buy rating on the stock with a price target.

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Based on Chipotle’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.02 billion and net profit of $158 million. In comparison, last year the company earned revenue of $1.74 billion and had a net profit of $127 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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