Chipotle Stock Has a Lot to Prove on Tuesday
Momentum isn't being kind to Chipotle Mexican Grill (NYSE: CMG) investors as we approach Tuesday afternoon's quarterly report. The stock hit a fresh four-year low last week, as a food-borne-illness outbreak in one restaurant and a mouse infestation in another made it a week to forget for Chipotle's spin doctors.
Wall Street, for its part, is holding out for a quarter of redemption for Chipotle. They see revenue soaring 19% to $1.19 billion, a combination of positive comps and brisk expansion. Chipotle began the quarter with 11% more restaurants than it had a year earlier, and unit-level sales should have no problem growing after last year's 23.6% second-quarter plunge.
Image source: Chipotle Mexican Grill.
Source: Fool.com
Chipotle Mexican Grill Inc. Aktie
49,16 €
0,20 %
Chipotle Mexican Grill Inc. sticht hervor mit 76 Buy- und nur 1 Sell-Einschätzungen.
Ein Kursziel von 2370 € für Chipotle Mexican Grill Inc. deutet auf eine Verdopplung des aktuellen Kurses von 49.16 € hin.
