Barclays Stick to Their Hold Rating for Chipotle
Investing.com
Published Oct 22, 2021 09:15PM ET
Barclays (LON:BARC) analyst Jeff Bernstein maintained a Hold rating on Chipotle on Tuesday, setting a price target of $1715, which is approximately 6.99% below the present share price of $1843.83.
Bernstein expects Chipotle to post earnings per share (EPS) of $6.68 for the fourth quarter of 2021.
The current consensus among 22 TipRanks analysts is for a Strong Buy rating of shares in Chipotle, with an average price target of $2087.9.
The analysts price targets range from a high of $2600 to a low of $1715.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.89 billion and a net profit of $249.79 million. The company's market cap is $51.8 billion.
According to TipRanks.com, Barclays analyst Jeff Bernstein is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 8.2% and a 68.89% success rate.
Chipotle Mexican Grill (NYSE:CMG), Inc. is a Mexican food restaurant chain operator. It engages in the development and operation of fast-casual, fresh Mexican food restaurants throughout the United States. It offers a focused menu of burritos, burrito bowls, tacos, and salads cooked through traditional methods and served in a unique atmosphere.
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Written By: Investing.com
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