How Can Chipotle Mexican Grill Get Back on Top?
Chipotle Mexican Grill's (NYSE: CMG) third-quarter earnings announcement hit the market with a thud. The company missed analyst expectations on both the top and bottom lines by reporting revenue of $1.13 billion, versus a $1.14 billion estimate, and adjusted EPS of $1.33 versus a $1.63 estimate, according to estimates from Thomson Reuters. Perhaps the most disappointing metric was a paltry 1% comparable-restaurant sales increase, versus meager expectations of 1.2%.
Not surprisingly, shares sold off during the session following the Oct. 24 earnings announcement, to the tune of 14.6%. As of this writing, shares are down 28% year to date, while the broader S&P 500 is up 15%.
Image source: Getty Images.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€46.66
-2.360%
The stock is one of the favorites of our community with 67 Buy predictions and 1 Sell predictions.
With a target price of 2552 € there is potential for a 5369.94% increase which would mean more than doubling the current price of 46.66 € for Chipotle Mexican Grill Inc..
