Chipotle Mexican Grill (CMG) PT Maintained at $250 at Guggenheim on 4Q Report; 'Guidance Sends 2018 Estimates South of the Boarder'
Guggenheim maintained its price target on Chipotle Mexican Grill (NYSE: CMG) at $250.00 while maintaining a Sell rating, following the company's fourth quarter earnings report.
Analyst Matthew DiFrisco notes a cautious outlook on the shares, with CMG reporting fourth quarter adjusted EPS of $1.34 and revenues of $1.11 billion, while continuing to invest in digital initiatives and customer facing experience upgrades, as traffic remains negative and management faces headwinds from Chiptopia.