Chipotle lands lush premium from Wedbush [Seeking Alpha]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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ir.chipotle.com
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Source: Seeking Alpha
Consumer|On the MoveChipotle lands lush premium from WedbushJun. 1, 2020 12:57 PM ETChipotle Mexican Grill, Inc. (CMG)Clark SchultzChannel checks by Wedbush Securities indicate same-store sales at Chipotle (+4.3%Analyst Nick Setyan notes stores operating at 50% capacity during the week of May 25 were up high single-digits or low double-digits. Setyan also thinks Chipotle may be taking a conservative approach to opening stores due to the thriving off-premise sales trends.Setyan raises his estimate for Q2 same-store sales to -9% from -20% and predicts a positive for Q3 is realistic, while keeping the estimate for the quarter at -4%.Wedbush keeps an Outperform rating on Chipotle and hikes its price-target to $1,200 (47X the firm's 2022 EPS estimate net of cash). "We believe a premium is justifiable given our expectation of accelerated growth post-COVID as CMG's market share gains accelerate," updates Setyan.See all stocks on the move »Now read:Southwest rallies after TSA data shows trav
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CMG
News
- Chipotle Earnings: What To Look For From CMG [Yahoo! Finance]Yahoo! Finance
- Rising 25% Year To Date, Will Q1 Results Drive Chipotle Stock Higher? [Forbes]Forbes
- Chipotle Opens First Restaurant In Middle East (With All-New Design) [Yahoo! Finance]Yahoo! Finance
- Chipotle Expands To Kuwait, Its First International Location In A Decade [Yahoo! Finance]Yahoo! Finance
- California McDonald's Franchise Owner Says, 'The Focus Is On Survival' With 'Unprecedented' $20 Per Hour Minimum Wage Forcing Higher Prices [Yahoo! Finance]Yahoo! Finance
CMG
Earnings
- 2/6/24 - Beat
CMG
Sec Filings
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- 4/23/24 - Form DEF
- CMG's page on the SEC website