BMO Capital Sticks to Its Buy Rating for Chipotle

By Jason Carr

In a report released today, Andrew Strelzik from BMO Capital reiterated a Buy rating on Chipotle (NYSE: CMG), with a price target of $550. The company’s shares opened today at $417.

According to TipRanks.com, Strelzik is a 4-star analyst with an average return of 9.9% and a 75.8% success rate. Strelzik covers the Services sector, focusing on stocks such as Restaurant Brands International, Dave & Busters Entertainment, and Brinker International.

Currently, the analyst consensus on Chipotle is Hold and the average price target is $464.88, representing an 11.5% upside.

In a report issued on June 20, Piper Jaffray also reiterated a Buy rating on the stock with a $530 price target.

Chipotle’s market cap is currently $11.98B and has a P/E ratio of 126.93. The company has a book value ratio of 8.5073.

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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 Denver, CO.,005RBG-E