Argus Research Believes Chipotle (NYSE: CMG) Won’t Stop Here

By Carrie Williams

Chipotle (NYSE: CMG) received a Buy rating from Argus Research analyst John Staszak today. The company’s shares closed yesterday at $478.80, close to its 52-week high of $499.

According to TipRanks.com, Staszak is a 5-star analyst with an average return of 10.8% and a 63.0% success rate. Staszak covers the Services sector, focusing on stocks such as Marriott International, Brinker International, and United Natural Foods.

Chipotle has an analyst consensus of Hold, with a price target consensus of $456.53.

Chipotle’s market cap is currently $13.73B and has a P/E ratio of 145.53. The company has a book value ratio of 9.7541.

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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.