Chipotle Mexican Grill's Pricing Study Affirms Strong Value Proposition, Says Analyst

Loading...Loading...Raymond James analyst Brian M. Vaccaro reiterated an Outperform rating on the shares of Chipotle Mexican Grill Inc CMG and raised the price target from $67 to$70.The company recently announced a 50-for-1 stock split.According to data, the company is sustaining strong comp and traffic outperformance despite contending with viral social media posts questioning its portion sizes and a softer consumer backdrop, said the analyst.Chipotle's expected mid-single digit percentage y/y traffic gro ...