UPDATE 2-Chipotle expects fewer restaurant customers through July, shares fall [Reuters]
Chipotle Mexican Grill, Inc. (CMG)
Last chipotle mexican grill, inc. earnings: 4/21 04:10 pm
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Source: Reuters
Chipotle expects fewer restaurant customers through July, shares fall | Reuters Reuters Staff 3 Min Read (Reuters) - Chipotle Mexican Grill Inc ( CMG.N ) said on Tuesday the number of visitors to its restaurants fell in the last quarter and would continue to decline through the middle of the year sending shares of the burrito chain almost 5 percent lower Shares initially rose in extended trading after it reported a slightly better-than-expected increase in fourth-quarter sales at established restaurants, boosted by menu price increases, as it works to regain customer trust after food safety lapses in 2015. But the trend reversed on the company’s expectations for customer visits, and shares were down 4.8 percent at $289.84. Chipotle’s stock hit a high of more than $742 in 2015, before the E.coli, salmonella and norovirus outbreaks sickened hundreds of U.S. customers and battered its profit and reputation. Customer visit declines were partially offset by same-store sales gains related
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CMG
News
- Chipotle Mexican Grill, Inc. (NYSE: CMG) had its price target raised by analysts at Piper Sandler from $2,442.00 to $3,070.00. They now have a "neutral" rating on the stock.MarketBeat
- Chipotle Mexican Grill, Inc.'s (NYSE:CMG) Stock Is Going Strong: Is the Market Following Fundamentals? [Yahoo! Finance]Yahoo! Finance
- Chipotle Mexican Grill, Inc. (NYSE: CMG) had its "outperform" rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $3,300.00 price target on the stock, up previously from $2,825.00.MarketBeat
- Chipotle Mexican Grill, Inc. (NYSE: CMG) had its price target raised by analysts at TD Cowen from $3,400.00 to $3,500.00. They now have a "buy" rating on the stock.MarketBeat
- Chipotle Mexican Grill, Inc. (NYSE: CMG) had its price target raised by analysts at Stephens from $3,010.00 to $3,050.00. They now have an "equal weight" 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