Market Overview

UPDATE: Deutsche Bank Raises PT on Chipotle Mexican Grill on Solid 1Q Margins Beat

Share:
Related CMG
Americans Are Dining Out More: Here's How To Play The Trend
How High Can Chipotle Go?
Buy COSI Restaurants Prior To Mid-August Earnings (Seeking Alpha)

In a report published Friday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Chipotle Mexican Grill (NYSE: CMG), and raised the price target from $330.00 to $345.00.

In the report, Poole noted, “The double-edged sword of commodity inflation. CMG posted a solid beat on 1Q margins, and ests. moving higher. However, mgmt. showed more hesitation around raising menu prices than in recent calls, citing some moderation in food infl. and a choppy macro. Higher pricing is a key component of the 2H bull case. The uncertainty here may limit near-term upside in the shares.”

Chipotle Mexican Grill closed on Thursday at $328.36.

Latest Ratings for CMG

DateFirmActionFromTo
Jul 2015BTIG ResearchInitiates Coverage onBuy
May 2015Deutsche BankInitiates Coverage onHold
May 2015Miller TabekUpgradesHoldBuy

View More Analyst Ratings for CMG
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (CMG)

Get Benzinga's Newsletters