Chipotle Mexican Grill (CMG) PT Raised to $1,100 at Piper Sandler; Doing $2M Off-Premises Business Per Unit

May 14, 2020 10:47 AM EDT
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Price: $1,426.60 +1.93%

Rating Summary:
    29 Buy, 15 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 4 | Down: 3 | New: 42
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Chipotle Mexican Grill (NYSE: CMG) shares are up 1% after Piper Sandler analyst Nicole Miller Regan raised her price target to $1,100.00 (from $850.00) while maintaining a Overweight rating following a virtual management meeting which offered a "positive" tone.

"The point would then be that even what is pleasantly defined as a dynamic situation, Chipotle is executing off-premise transactions that translate to a nearly $2 million average unit volume; which is materially better than peers pre-crisis," Regan commented.

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