By Liz Moyer

Investing.com — Chipotle Mexican Grill Inc (NYSE:) shares rose 1.5% on Thursday after Wedbush Securities reduce its worth goal to $1,800 from $2,000, saying unhealthy information has already been priced in.

Analyst Nick Setyan saved an outperform score on the shares. Chipotle is down 20% this 12 months, to round $1,396, although off its lows in Might round $1,231.

The analyst added that a lot of the current focus has been on menu worth will increase and the potential of pushback from prospects. However transaction tendencies for the burrito chain are constructive. Meals costs are nonetheless a cloud on earnings, and the analyst expects continued incremental worth will increase.

Individually, Restaurant Enterprise reported that Chipotle prospects pays for his or her meals with and different cryptocurrencies by way of a funds system referred to as Flexa.

Individuals who have a digital pockets that integrates with Flexa can open the app, select Chipotle after which scan a barcode to pay with any one in every of 100 currencies, the report stated. Flexa settles the transaction with Chipotle in both fiat forex or crypto, it added.