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Argus Research Sticks to Their Buy Rating for Chipotle (CMG)

Tipranks - Tipranks - Wed Aug 5, 9:26AM CDT

In a report released yesterday, John Staszak from Argus Research maintained a Buy rating on Chipotle, with a price target of $45.00.

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According to TipRanks, Staszak is a 5-star analyst with an average return of 8.8% and a 58.92% success rate. Staszak covers the Consumer Cyclical sector, focusing on stocks such as Expedia, Boyd Gaming, and Carnival.

In addition to Argus Research, Chipotle also received a Buy from Mizuho Securities’s Nick Setyan in a report issued on July 31. However, on July 30, 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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