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. Stock
€47.57
-3.460%
With 75 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 47.57 € the target price of 2370 € shows a potential of 4882.66% for Chipotle Mexican Grill Inc. which would more than double the current price.
