Chipotle Mexican Grill (CMG) Menu Prices Increases Seen as a Positive at SunTrust

SunTrust Robinson Humphrey analyst Jake Bartlett maintains Buy on Chipotle Mexican Grill (NYSE: CMG) price target of $500.00.

The analyst believes the company's menu price increases are a positive noting the regular increase, as opposed to infrequent large price increases, are less disruptive to traffic. Barlett believes the raised prices represent increased confidence on behalf of management when it comes to a recovery in traffic.

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 $471.31 yesterday.

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