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BTIG Keeps Their Buy Rating on Chipotle (CMG)

Tipranks - Tipranks - Thu Aug 6, 6:46AM CDT

In a report released today, Peter Saleh from BTIG maintained a Buy rating on Chipotle, with a price target of $45.00.

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Saleh covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Yum! Brands, and Wingstop. According to TipRanks, Saleh has an average return of 10.2% and a 60.63% success rate on recommended stocks.

In addition to BTIG, Chipotle also received a Buy from UBS’s Dennis Geiger in a report issued today. 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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