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Chipotle (CMG) Gets a Buy from Telsey Advisory

Tipranks - Tipranks - Fri Jul 31, 11:50AM CDT

Telsey Advisory analyst Joe Feldman maintained a Buy rating on Chipotle today and set a price target of $48.00.

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Feldman covers the Consumer Cyclical sector, focusing on stocks such as Five Below, Best Buy Co, and Dick’s Sporting Goods. According to TipRanks, Feldman has an average return of 5.3% and a 51.83% success rate on recommended stocks.

In addition to Telsey Advisory, Chipotle also received a Buy from D.A. Davidson’s Matt Curtis in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Chipotle (NYSE: CMG).

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Based on Chipotle’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.35 billion and a net profit of $403.55 million. In comparison, last year the company earned a revenue of $3.06 billion and had a net profit of $436.13 million

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