This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Chipotle Surges Past $400

Wall Street is liking what it sees in the burrito maker chain.

Piper Jaffray analyst Nicole Miller Regan boosted her 12-month price target to by $90 to $450, following earnings. "We remain confident in the company's long-term growth profile and its industry-leading approach to both managing and growing its human capital base," Regan wrote in a note. "Further, we have adjusted our estimates to reflect the relative increase of same-store sales trends for the year and ongoing cost management in the face of what appears to be somewhat of a deceleration in near-term inflation expectations." She rates Chipotle shares 'overweight.'

Bank of America Merrill Lynch analyst Joseph Buckley also boosted his 12-month price target, raising it $30 to $450 "on a higher expected valuation supported by re-accelerating sales at Chipotle," fueled by the company's slight improved same-store sales guidance and catering plans that are gradually being rolled out to several hundred stores.

Deutsche Bank analysts were not quite as bullish on the stock. Analyst Jason West maintains his "hold" rating on the stock. Chipotle's second-quarter results "were somewhat mixed in that traffic came in stronger than expected, though management again delayed [the] decision to raise menu pricing," the note says. "The diminished bull case around pricing and relatively full valuation may limit near-term upside in the shares."

-- Written by Laurie Kulikowski in New York.

To contact Laurie Kulikowski, send an email to:

>To submit a news tip, email:

Follow TheStreet on Twitter and become a fan on Facebook
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CMG $433.53 -0.34%
AAPL $92.58 -0.71%
FB $119.15 1.10%
GOOG $710.08 1.20%
TSLA $214.64 1.50%


Chart of I:DJI
DOW 17,728.75 +68.04 0.39%
S&P 500 2,055.44 +4.81 0.23%
NASDAQ 4,727.7440 +10.65 0.23%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs