Robert W. Baird Thinks Chipotle’s Stock is Going to Recover

Robert W. Baird analyst David Tarantino maintained a Buy rating on Chipotle (CMGResearch Report) on May 9. The company’s shares closed last Thursday at $1290.04, close to its 52-week low of $1272.00.

According to, Tarantino is a 4-star analyst with an average return of 6.8% and a 54.8% 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 Moderate Buy analyst consensus rating for Chipotle with a $1859.65 average price target, implying a 47.4% upside from current levels. In a report issued on April 27, Morgan Stanley also maintained a Buy rating on the stock with a $1904.00 price target.

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The company has a one-year high of $1958.55 and a one-year low of $1272.00. Currently, Chipotle has an average volume of 289.9K.

Based on the recent corporate insider activity of 81 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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