Chipotle Same-Store Sales Gain Boosts Stock

30 Juillet, 2018, 06:12 | Auteur: Auguste Feret
  • Chipotle storefront

(NYSE:CMG) by 17.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. They now have a $330.00 target price on the restaurant operator's stock, up from their previous target price of $300.00. We expect the company to remain on this growth trajectory given its increased focus on food safety. (NYSE:CMG) news were published by: Fool.com which released: "Will Investors Treat McDonald's Like They Did Chipotle?" on July 25, 2018, also Seekingalpha.com with their article: "Mizuho sees Chipotle as overpriced" published on July 10, 2018, Fool.com published: "3 Things Chipotle Needs to Get Right This Week" on July 24, 2018. Earnings estimates for the current year have also moved northward, reflecting analysts' confidence surrounding the company's future earnings growth potential.

Executives have a lot of hope in delivery, which generally has higher average checks than normal as customers either add more items to their order or order in larger groups. The Institutional ownership of the firm is 89.00% while Insiders ownership is 0.60%.

Niccol announced a new aggressive strategy last month in order to lure customers back to the food chain.

Let's consider Chipotle Mexican Grill, Inc.

Media headlines about Chipotle Mexican Grill (NYSE:CMG) have been trending somewhat positive recently, Accern reports. Zacks Investment Research lowered Chipotle Mexican Grill from a "hold" rating to a "sell" rating in a research report on Wednesday, April 4th. Six research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have assigned a buy rating to the company. Barclays Capital has "Equal-Weight" rating and $305 target. Chipotle Mexican Grill has a 12-month low of $247.51 and a 12-month high of $474.46.

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Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Wednesday, April 25th. The restaurant operator reported $2.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.57 by $0.56. Chipotle Mexican Grill had a return on equity of 14.50% and a net margin of 4.16%. With Latest up move, stock price showed -4.81% negative in value from one year high price and revealed 82.47% up in value from its one year low price. The company's quarterly revenue was up 7.4% compared to the same quarter past year.

The comp sales increase and the opening of 34 new restaurants pushed revenue up 8.3% to $1.3 billion. Wells Fargo & Company MN boosted its holdings in Chipotle Mexican Grill by 2.1% in the 1st quarter. CMG disclosed a change of -1.08% and its listed share value at $446.76 in the recent trade transaction. Sharkey Howes & Javer now owns 12,647 shares of the restaurant operator's stock valued at $115,000 after purchasing an additional 11,447 shares during the period. X Square Capital LLC boosted its stake in Chipotle Mexican Grill by 2.7% in the first quarter.

Chipotle shares, which have soared over 56 percent this year, mainly buoyed by optimism around its new CEO, rose 6.3 percent in extended trading. Cibc Asset Mgmt has 0.01% invested in Chipotle Mexican Grill, Inc. Using market capitalization to display company size because this is basic factor of different characteristics to develop the investors' interests including risk.

As part of its restructuring, Chipotle is shuttering 65 restaurants.

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