Barclays Maintains Equal-Weight Rating for Chipotle Mexican Grill: Here's What You Need To Know

Barclays Maintains Equal-Weight Rating for Chipotle Mexican Grill: Here's What You Need To Know

Barclays has decided to maintain its Equal-Weight rating of Chipotle Mexican Grill CMG and raise its price target from $1335.00 to $1400.00.

Shares of Chipotle Mexican Grill are trading up 15.2% over the last 24 hours, at $1516.53 per share.

A move to $1400.00 would account for a 7.68% decline from the current share price.

About Chipotle Mexican Grill

Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $7.5 billion in 2021. The Mexican concept is entirely company-owned, with a footprint of more than 3,000 stores, heavily indexed to the United States (though the firm maintains a small presence in Canada, the U.K., France, and Germany). Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-AAR-UPDATEAnalyst Ratings