Stifel Nicolaus Keeps Their Hold Rating on Chipotle (CMG)

By Carrie Williams

In a report issued on February 6, Christopher O`Cull from Stifel Nicolaus reiterated a Hold rating on Chipotle (CMGResearch Report), with a price target of $500. The company’s shares opened today at $584.15, close to its 52-week high of $608.55.

According to TipRanks.com, O`Cull is a 5-star analyst with an average return of 10.6% and a 69.0% success rate. O`Cull covers the Services sector, focusing on stocks such as Papa John’s International, Jack In The Box Inc, and BJ’s Restaurants.

Currently, the analyst consensus on Chipotle is a Hold with an average price target of $548.83, representing a -6.0% downside. In a report issued on January 22, J.P. Morgan also maintained a Hold rating on the stock with a $500 price target.

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The company has a one-year high of $608.55 and a one-year low of $249.31. Currently, Chipotle has an average volume of 729.6K.

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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.