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-0.00063712630700629 0.00401335619418839 0.00166764761285236 0.00694575582626903 0.00987803816705607 0.00471722124727091 0.0226041435260718 0.0348610837105617
Stock impact report

Chipotle Stock Price Targets Raised on Strong Digital Sales [TheStreet.com]

Chipotle Mexican Grill, Inc. (CMG) 
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: ir.chipotle.com
Company Research Source: TheStreet.com
Several Chipotle CMG analysts increased their share-price targets as a boost in digital sales sparked by the coronavirus shutdown helped the burrito chain beat first-quarter expectations.Shares of the Newport Beach, Calif., company at last check were up 6.8% to $840.Chipotle "is poised to weather near-term headwinds and see accelerated market-share gains in a post-covid environment," said Wedbush analyst Nick Setyan, who raised his price target to $870 from $860.Sales rose 8% in the first quarter to $1.4 billion and digital sales jumped 81% as customers under stay-at-home orders bought meals online. Digital sales accounted for 26% of Chipotle's total sales during the quarter."We continue to view CMG as the best positioned restaurant within our coverage universe (with the exception of WingstopWINGGet ReportLike other fast-food chains, Chipotle shuttered its restaurants in mid-March and shifted strictly to takeout and delivery to comply with social-distancing requirements. The company a Show less Read more
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