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Mizuho Securities Remains a Buy on Chipotle (CMG)

Tipranks - Tipranks - Wed Aug 5, 9:10AM CDT

Mizuho Securities analyst Nick Setyan maintained a Buy rating on Chipotle on July 31 and set a price target of $43.00.

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According to TipRanks, Setyan is a 5-star analyst with an average return of 11.6% and a 54.77% success rate. Setyan covers the Consumer Cyclical sector, focusing on stocks such as BJ’s Restaurants, Chipotle, and McDonald’s.

In addition to Mizuho Securities, Chipotle also received a Buy from Argus Research’s John Staszak in a report issued yesterday. However, on July 30, Guggenheim reiterated 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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