KeyBanc Capital Markets takes bullish stance on Chipotle Mexican Grill
Chipotle Mexican Grill, Inc. (CMG) is up 1.3% Thursday morning. Analysts at KeyBanc Capital Markets initiated coverage on the stock with an “overweight” rating, while assigning a $500 price target.
Chipotle Mexican Grill, Inc. (CMG) is a restaurant chain.
Barnes & Noble, Inc. (BKS) and Arrowhead Pharmaceuticals, Inc. (ARWR) top the list of other companies with positive news today, while Pier 1 Imports, Inc. (PIR) and Snap Inc. (SNAP) top the list of companies with negative news.
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About Chipotle Mexican Grill Inc.
With $4.9 billion in systemwide sales during 2018, Chipotle Mexican Grill is the largest player in the $14 billion domestic fast-casual Mexican restaurant category. Its menu includes burritos, bowls, tacos, and salads, which are made from higher-quality ingredients than those typically found at quick-service restaurants. As of June, the firm operated more than 2,500 company-owned restaurants in the United States, Canada, the United Kingdom, France, and Germany.