Chipotle price target raised to $793 from $648 at Citigroup Citigroup raised its price target for Chipotle shares to $793 citing strong sales momentum following the company's Q2 results. The firm keeps a Buy rating on the stock.
Chipotle Q1 results at modest risk from pork disruption, says Miller Tabak Miller Tabak credits Chipotle for being proactive and not selling pork that did not meet their standards, but also believes that the pork supply disruption adds modest risk to the company's Q1 result. Assuming a full-quarter disruption at one-third of Chipotle locations, the firm would lower its Q1 same-store sales estimate to 10%-10.3% from its current 11% growth projection. Miller Tabak maintains its Hold rating and $710 fair value estimate on Chipotle shares.