William L. Moore
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William L. Moore in Insider trading,

Ahead Of Chipotle's July 25 Q2 Earnings Results, Baird Says Wait For Better Entry Point

Analysts at Baird continue to be "highly optimistic" toward Chipotle Mexican Grill, Inc. 's outlook but aren't ready to recommend buying the stock yet.

Baird's David Tarantino maintains a Neutral rating on Chipotle's stock with an unchanged $490 price target ahead of the company's second-quarter earnings report scheduled for July 25. While the analyst is positive on management's focus on improving the brand at the unit-level and improving sales and profitability, the stock's valuation needs to be taken into account.

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