Chipotle Mexican Grill (CMG) PT Raised to $1,900 at Cowen

February 3, 2021 6:23 AM EST
Get Alerts CMG Hot Sheet
Price: $1,532.09 -1.16%

Rating Summary:
    27 Buy, 17 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 13 | New: 15
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Cowen analyst Andrew Charles raised the price target on Chipotle Mexican Grill (NYSE: CMG) to $1,900.00 (from $1,640.00) while maintaining a Outperform rating.

The analyst commented, "4Q results featured several encouraging points, including an acceleration in Jan sales, the upcoming launch of highly-anticipated quesadillas (8-11% of sales at fast casual Mexican peers), and greater confidence in an improved margin profile. We raise 2021-22E EPS to $27.75 & $35.00, from $23.80 & $29.75 previously, premised on 2021 comps of 17.8% & 24% margins. Raising PT to $1,900 from $1,640."



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Cowen & Co