Sunday, 3 March 2024

Business News

RBC Capital Remains a Buy on Chipotle (CMG) – TipRanks Financial Blog

Rent the Runway (RENT) Gets a Buy from JMP Securities – TipRanks Financial Blog

In a report released on February 7, Christopher Carril from RBC Capital maintained a Buy rating on Chipotle (CMGResearch Report), with a price target of $2,800.00. The company’s shares closed yesterday at $2,638.35.

Carril covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, McDonald’s, and Brinker International. According to TipRanks, Carril has an average return of 9.8% and a 67.98% success rate on recommended stocks.

Chipotle has an analyst consensus of Moderate Buy, with a price target consensus of $2,734.63, implying a 3.65% upside from current levels. In a report released on February 7, Raymond James also maintained a Buy rating on the stock with a $2,800.00 price target.

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CMG market cap is currently $73.19B and has a P/E ratio of 59.10.

Based on the recent corporate insider activity of 76 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 (CMG) Company Description:

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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