The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Chipotle Mexican Grill (CMG) .Chipotle currently has an average b ...

The burrito chain's double-digit revenue growth from 2023 has carried over into 2024 -- and there's no sign of a slowdown.Expectations were high for fast-casual burrito chain specialist Chipotle Mexican Grill (CMG 0.40%) going into 2024. Its sales jumped 14.3% year over year in 2023, with growth accelerating to 15.4% in the final quarter of the year. Additionally, earnings per share soared as the company's full-year operating margin expanded from 13.4% in 2022 to 15.8%. To top it off, the stock soared 65% l ...

Key TakeawaysChipotle shares climbed more than 3% in premarket trading Thursday after the fast casual restaurant chain served up quarterly earnings and revenue results ahead of analysts' expectations.The company reported same store sales growth in the period of 7%, helped by a 5.4% YOY jump in transaction volume.CEO Brian Niccol said that Chipotle saw growth across all income groups during the quarter.A close above the key $3,000 level in Chipotle shares would likely lead to a resumption of the stock's long ...

One of Capitol Hill's most-active stock traders is sending a company with well-defined competitive advantages -- that also happens to be on the verge of its first-ever stock split -- to the chopping block.Over the three previous weeks, Wall Street's major stock indexes have sent a stern reminder to investors that equities don't move up in a straight line. The iconic Dow Jones Industrial Average, benchmark S&P 500, and innovation-powered Nasdaq Composite have all retraced by at least 5% from their respective ...

Higher prices at Chipotle haven’t kept customers from visiting and spending at the fast-casual restaurant.They’re doing so because of value, executives said during the company’s quarterly earnings call.Chipotle saw its comparable restaurant sales increase 7% year over year during the first quarter, the company said in a Wednesday (April 24) earnings release.The company attributed that increase to higher transactions of 5.4% and a 1.6% increase in average check.Chipotle has also seen an increase in “side att ...

Chipotle Mexican Grill (CMG) reported stronger-than-expected first-quarter earnings. CMG stock rose modestly overnight, signaling an early entry and near an official buy point.X Chipotle earnings jumped 27% to $13.37 a share. That easily topped FactSet consensus of $11.81 a share. That's the second straight quarter of accelerating growth. Sales grew nearly 14% to $2.684 billion, slightly beating views.Same-restaurant sales rose 7%. Operating margin picked up to 16.3% from 15.5%, with restaurant operating ma ...

Chipotle Mexican Grill, Inc. (NYSE:CMG) Q1 2024 Earnings Conference Call April 24, 2024 4:30 PM ET Company Participants Cindy Olsen - Head of IR and Strategy Brian Niccol - Chairman and CEO Jack Hartung - Chief Financial and Chief Administrative Officer Conference Call Participants David Tarantino - Baird Lauren Silberman - Deutsche Bank Andrew Charles - TD Cowen Sara Senatore - Bank of America Jon Tower - Citigroup Dennis Geiger - UBS John Ivankoe - JPMorgan Sharon Zackfia - William Blair Brian Harbour - M ...

Wednesday, April 24th, 2024Markets finished essentially flat on the day. It was a bit of a topsy-turvy trading session, at least for three of the four major indices today, with the Dow just closing into the red at -0.11%, the S&P 500 squeaked by to the positive, +0.02%, and the Nasdaq was basically a mirror-image of the Dow: +0.10%. The small-cap Russell 2000 fell furthest during morning trading and never found its way above zero again; it closed -0.43% by the bell.Zacks Rank #2 (Buy)-rated Meta Platforms ( ...

Chipotle Mexican Grill (CMG) reported $2.7 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 14.1%. EPS of $13.37 for the same period compares to $10.50 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.67 billion, representing a surprise of +1.01%. The company delivered an EPS surprise of +14.96%, with the consensus EPS estimate being $11.63.While investors closely watch year-over-year changes in headline numbers -- revenue and earni ...

The effects of California's $20 minimum wage for fast food workers are starting to show.Chipotle said the law raised wages at its restaurants by roughly 20%.This translated to a 7% menu price increase at Chipotle locations in California.  NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking ...