Bank of America Securities analyst Sara Senatore reiterated a Buy rating on Chipotle (CMG – Research Report) today and set a price target of $64.00.
Sara Senatore has given her Buy rating due to a combination of factors that suggest potential growth and stability for Chipotle. Despite a slight underperformance in same-store sales growth for the first quarter of 2025, Senatore believes that external factors such as weather and calendar shifts may have temporarily obscured the underlying positive trends. The company showed promising signs of improvement with an acceleration in sales growth from March to April, and there is optimism for continued growth as the year progresses.
Additionally, Chipotle’s efforts in sourcing and efficiency initiatives have helped offset margin pressures, with supply chain savings positively impacting the cost of goods sold. While there are expected challenges from tariffs, the company is anticipated to benefit from operational efficiencies and new product offerings. Senatore maintains a positive outlook on Chipotle’s long-term earnings potential, valuing the company based on its steady-state earnings power and expansion plans, leading to a reiterated Buy rating.
In another report released today, Raymond James also maintained a Buy rating on the stock with a $58.00 price target.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CMG in relation to earlier this year.