Chipotle (CMG) Receives a Buy from KeyBanc

KeyBanc analyst Eric Gonzalez maintained a Buy rating on Chipotle (CMGResearch Report) today and set a price target of $900.00. The company’s shares closed last Monday at $831.07, close to its 52-week high of $857.90.

According to TipRanks.com, Gonzalez is a 4-star analyst with an average return of 19.6% and a 73.1% success rate. Gonzalez covers the Services sector, focusing on stocks such as Restaurant Brands International, McDonald’s Corp, and Starbucks Corp.

Currently, the analyst consensus on Chipotle is a Moderate Buy with an average price target of $810.00, implying a -5.5% downside from current levels. In a report issued on October 18, SunTrust Robinson also maintained a Buy rating on the stock with a $920.00 price target.

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Chipotle’s market cap is currently $23.04B and has a P/E ratio of 93.79. The company has a Price to Book ratio of 14.98.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is neutral on the stock.

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Chipotle Mexican Grill, Inc. engages in the development and operation of fast-casual, fresh Mexican food restaurants throughout the U.S. It offers focused menu of burritos, tacos, burrito bowls and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.