Market Overview

UPDATE: Jefferies Raises PT on Chipotle Mexican Grill on Challenging Consumer Environment

Share:
Related CMG
Bill Ackman Sticks With Chipotle Despite 33% Decline In Shares
Jim Cramer Advises Viewers On Braskem SA, Ormat Technologies And More

In a report published Tuesday, Jefferies analyst Andy Barish reiterated a Hold rating on Chipotle Mexican Grill (NYSE: CMG), and raised the price target from $400.00 to $410.00.

In the report, Jefferies noted, “Restaurant valuations have proven resilient this year, and despite soft 1H SSS & an even tougher summer, stocks are still trading at peak multiples. SSS compares do ease, but the consumer environment remains challenged and broadly speaking, we see downside risk to 3Q earnings. We continue to prefer companies with visible sales drivers & margin drivers. Favorite names: SBUX, DNKN, BLMN, JACK, FRGI, RUTH. Cautious on: YUM, casual dining.”

Chipotle Mexican Grill closed on Monday at $428.80.

Latest Ratings for CMG

DateFirmActionFromTo
Oct 2017BMO CapitalMaintainsMarket Perform
Oct 2017Credit SuisseMaintainsNeutral
Oct 2017BarclaysMaintainsEqual-Weight

View More Analyst Ratings for CMG
View the Latest Analyst Ratings

Posted-In: Andy Barish JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (CMG)

View Comments and Join the Discussion!

Partner Center