Blurbs

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 TipRanks.com, 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.

See Insiders’ Hot Stocks on TipRanks >>

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.

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
Videos