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Bernstein Sticks to Its Buy Rating for Chipotle (CMG)

Tipranks - Tipranks - Thu Jun 4, 7:08AM CDT

In a report released yesterday, Danilo Gargiulo from Bernstein maintained a Buy rating on Chipotle, with a price target of $50.00. The company’s shares closed yesterday at $29.26.

Claim 55% Off TipRanks

According to TipRanks, Gargiulo is an analyst with an average return of -6.4% and a 42.86% success rate. Gargiulo covers the Consumer Cyclical sector, focusing on stocks such as Domino’s Pizza, Chipotle, and McDonald’s.

Currently, the analyst consensus on Chipotle is a Moderate Buy with an average price target of $43.61, a 49.04% upside from current levels. In a report released on June 1, UBS also maintained a Buy rating on the stock with a $45.00 price target.

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Based on Chipotle’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.09 billion and a net profit of $302.82 million. In comparison, last year the company earned a revenue of $2.88 billion and had a net profit of $386.6 million

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