Chipotle (CMG) Receives a Hold from Morgan Stanley

By Jason Carr

In a report released today, John Glass from Morgan Stanley maintained a Hold rating on Chipotle (CMGResearch Report), with a price target of $797.00. The company’s shares closed last Monday at $831.07, close to its 52-week high of $857.90.

According to, Glass is a 4-star analyst with an average return of 11.2% and a 61.4% success rate. Glass covers the Services sector, focusing on stocks such as Restaurant Brands International, Jack In The Box Inc, and Cheesecake Factory.

Currently, the analyst consensus on Chipotle is a Moderate Buy with an average price target of $815.43, which is a -1.9% downside from current levels. In a report issued on October 9, Gordon Haskett Capital Corporation also upgraded the stock to Hold with a $740.00 price target.

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The company has a one-year high of $857.90 and a one-year low of $383.20. Currently, Chipotle has an average volume of 478.9K.

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.