Key PointsChipotle Mexican Grill had a robust quarter with positive comps, increased leverage, and positive guidance. The store count is forecast to grow more than 8% this year. The international expansion will equal the North American segment over time, doubling a business on track to grow by 100% in the next decade. 5 stocks we like better than Chipotle Mexican GrillThe price action in Chipotle Mexican Grill NYSE: CMG has been smoking hot, and it is not over yet. The 1100% gain posted since 2017 is the ti ...

Prices at Chipotle, McDonald's and other fast-food giants in California are rising after a minimum wage hike went into effect.  "Chipotle said in an investor call Wednesday that prices at its nearly 500 California restaurants climbed 6% to 7% during the first week of April compared with last year, playing out across its menu," The Wall Street Journal reported Sunday. "The state isn't making it easy," Chipotle Chief Executive Brian Niccol reportedly said. CALIFORNIA'S $20 MINIMUM WAGE FOR FAST-FOOD WORKERS G ...

Can the best get even better?In the book Algorithms to Live By, I was exposed to a concept that improved my ability to make decisions -- the "explore-exploit trade-off." I'll spare you the nerdy details. But I'm at the stage of life where I should be exploring things. Instead, I keep exploiting (ordering) the same chicken burrito from Chipotle Mexican Grill (CMG 2.41%) over and over because it's just so good. Why explore the menu further?Chipotle does a good job making my burrito. But that's not the only th ...

A billionaire's investment goals are often noteworthy, but investors should consider their own situation before buying the same stocks.Investors often like to follow the investment advice of billionaires. The moves of such famous investors as Warren Buffett receive significant press coverage and can sometimes be a helpful source of stock ideas.However, investing is not so simple, and Bill Ackman's top two investments serve as an example. In his fund, Pershing Square Capital Management, Ackman invests 36% of ...

This closely watched investor is a fan of retail-based enterprises.Due to laws and regulations overseen by the Securities and Exchange Commission (SEC), large asset managers are required to publicly disclose their equity positions within 45 days of a quarter's end. For the retail investor, this is a potential gold mine of possible stock ideas.One well-known hedge fund manager, Bill Ackman, who heads Pershing Square Capital Management, is closely watched. His track record has made him somewhat of an investin ...

Chipotle's industry-leading growth and profitability show why the stock trades at an expensive valuation.Share prices of Chipotle Mexican Grill (CMG 2.27%) rose to new highs following another strong earnings report. In the first quarter, the company's revenue and earnings beat the Street's estimates, leading analysts at Baird to bump their price target.The firm maintained an outperform (buy) rating on the shares and raised the 12-month price target from $3,250 to $3,500, or just under 10% higher than the cu ...

This Is How Much Chipotle Stock Is Up Since Its Worst Era Ever marcnorman / iStock Editorial via Getty Images On what is a decidedly down day in the markets, Chipotle (NYSE: CMG) stock managed to buck the negative trend. Despite losses in the Dow Jones Industrial Average, Nasdaq and S&P 500, shares of the fast-casual retailer soared nearly 7% on the day to above the $3,000 level. Investors rewarded CMG for raising its full-year guidance owing to rising foot traffic that continues to blow away the competit ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________________________________________________ FORM 10-Q __________________________________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from t ...

Chipotle Mexican Grill, Inc. (CMG) released first-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis.During the quarter, the company reported benefits from enhanced throughput and effective marketing initiatives like Braised Beef Barbacoa and Chicken Al Pastor, leading to strong sales and transaction growth.Following the earnings release, the company’s shares rose 3.2% during the after-hours trading session o ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score ...