Chipotle Mexican Grill (CMG): Mean Reversion Makes This Attractive - Buckingham

October 20, 2016 9:09 AM EDT
Get Alerts CMG Hot Sheet
Price: $405.20 -0.9%

Rating Summary:
    15 Buy, 19 Hold, 8 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Buckingham Research analyst, John Zoldis, reiterated his Buy rating on shares of Chipotle Mexican Grill (NYSE: CMG) and price target of $547 despite the recent volatility.

The analyst believes that over time, the CMG customer will forgive and forget recent food safety issues and resume patronage at levels similar to the past. This recovery, against easy comparisons, should lead to a positive inflection in comps conjoined with margin recovery and generating a positive catalyst for the shares. Over the LT the analyst believes CMG continues to have a very attractive growth opportunity and he notes CMG's exceptionally strong historical ROIC and FCF characteristics.

For an analyst ratings summary and ratings history on Chipotle Mexican Grill click here. For more ratings news on Chipotle Mexican Grill click here.

Shares of Chipotle Mexican Grill closed at $405.25 yesterday.

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