Chipotle upgraded on same-store sales growth potential though earnings expected to be 'lackluster' [MarketWatch]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: MarketWatch
Chipotle upgraded on same-store sales growth potential though earnings expected to be 'lackluster' Chipotle Mexican Grill Inc. CMG, +0.97% was upgraded to outperform from sector perform at RBC Capital Markets on same-store sales growth potential. RBC's price target was lifted to $510 from $450. RBC surveys show menu, digital and delivery opportunities that analysts led by David Palmer think the company can execute on in 2019. "[I]t is encouraging to hear that 73% of customers that have not eaten at Chipotle in the past six months would consider returning to Chipotle if a new item was added to the menu," the note said. Among the items RBC suggests Chipotle should add are nachos, which are currently being tested in Colorado and Minneapolis; bacon, which is being tested in Orange County; quesadillas; and a revamped queso. Still, analysts expect earnings, scheduled to be announced on Oct. 25, to be "lackluster" and sales to be volatile from quarter to quarter. Chipotle shares are up 1.
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News
- Chipotle renames its ‘barbacoa' menu offering because customers didn't know what it was [Yahoo! Finance]Yahoo! Finance
- Red Lobster seeks a buyer as it looks to avoid bankruptcy filing [MSNBC.com]MSNBC.com
- Chipotle Mexican Grill, Inc. (NYSE: CMG) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $3,340.00 price target on the stock, up previously from $3,300.00.MarketBeat
- Chipotle is using AI to better understand customer habits: CFO [Yahoo! Finance]Yahoo! Finance
- Chipotle Mexican Grill, Inc. (NYSE: CMG) had its price target raised by analysts at UBS Group AG from $3,400.00 to $3,500.00. They now have a "buy" rating on the stock.MarketBeat
CMG
Earnings
- 4/24/24 - Beat
CMG
Sec Filings
- 4/24/24 - Form 8-K
- 4/23/24 - Form ARS
- 4/23/24 - Form DEFA14A
- CMG's page on the SEC website