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Chipotle Mexican Grill (CMG) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-04-09 22:51
Chipotle Mexican Grill (CMG) closed at $2,926.96 in the latest trading session, marking a -0.16% move from the prior day. This change lagged the S&P 500's 0.15% gain on the day. At the same time, the Dow lost 0.02%, and the tech-heavy Nasdaq gained 0.32%.Prior to today's trading, shares of the Mexican food chain had gained 10.1% over the past month. This has outpaced the Retail-Wholesale sector's gain of 1.12% and the S&P 500's gain of 1.65% in that time.Investors will be eagerly watching for the performanc ...
YUMC vs. CMG: Which Stock Is the Better Value Option?
Zacks Investment Research· 2024-04-09 16:41
Investors interested in stocks from the Retail - Restaurants sector have probably already heard of Yum China Holdings (YUMC) and Chipotle Mexican Grill (CMG) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong e ...
Chipotle Mexican Grill Stock Has 15% Upside, According to 1 Wall Street Analyst
The Motley Fool· 2024-04-08 19:00
This top restaurant brand is clicking on all cylinders and aiming for more growth.Chipotle Mexican Grill (CMG 0.55%) is coming off a solid year of growth, and analysts at Citigroup expect the company will file a report that keeps the momentum going when it releases first-quarter results on April 24.Citi maintained a buy rating on the shares but raised the price target from $3,016 to $3,358, or a 15% upside over the next 12 months or so from the current share price of $2,918.Of course, the price target is no ...
CHIPOTLE KICKS OFF PARTNERSHIP WITH TEKKEN™ 8, RETURNS WITH NEW EXCLUSIVE EXPERIENCES FOR THE FIGHTING GAME COMMUNITY (FGC)
Prnewswire· 2024-04-08 12:06
Chipotle is an official partner of TEKKEN 8, the biggest fighting game release of 2024 For the first time, players can earn in-game currency with digital orders on the Chipotle app and Chipotle.com and through the Chipotle Rewards Exchange The TEKKEN 8 Battle Bowl, a digital menu item built for and by the TEKKEN community, will be featured on the Chipotle app and Chipotle.com for a limited time The 2024 Chipotle Challenger Series (CCS) will feature TEKKEN 8 as its title game. Hosted in collaboration with S ...
Is Chipotle a Once-in-a-Generation Investment Opportunity Ahead of Its 50-for-1 Stock Split?
The Motley Fool· 2024-04-07 07:18
The popular fast-casual chain has been a big winner for shareholders.When its 2023 fourth-quarter financials were released almost two months ago, Chipotle Mexican Grill (CMG 1.73%) announced results that easily beat Wall Street estimates. But in more recent times, shareholders are excited about a new development.On March 19, the Tex-Mex restaurant chain announced a massive 50-for-1 stock split. Since then, shares have climbed about 4% (as of April 2), and they are up 27% this year. There's clearly strong in ...
The Restaurant Revival: 7 Stocks Poised to Feast on Increasing Consumer Spending
InvestorPlace· 2024-04-06 10:59
After a slowdown in the economy and a dip in consumer spending, there is expected to be a rise in retail and consumer spending this year. Inflation is cooling, and we have been promised a rate cut later in the year. An improvement in macroeconomic conditions means higher consumer spending. Once the interest rates come down, mortgages and auto loans will become cheaper, allowing consumers to make discretionary purchases. This will directly impact restaurant stocks. The warm summer days will be here soon, the ...
CHIPOTLE HIDES MORE THAN $1 MILLION IN FREE BURRITOS INSIDE NEW BURRITO VAULT GAME AHEAD OF NATIONAL BURRITO DAY
Prnewswire· 2024-04-02 12:07
Group 1 - Chipotle Mexican Grill is launching an interactive game called Burrito Vault, offering 100,000 Buy-One-Get-One free entrée codes on National Burrito Day, April 4 [1][2] - The Burrito Vault game allows fans to guess two exact order combinations to unlock the vault, highlighting the versatility of Chipotle's menu with over 1.34 billion possible burrito combinations [2][3] - The game opens daily at 12pm PT, with the first 50,000 players each day winning a BOGO code and automatically entering a sweepstakes for a chance to win free burritos for a year [3][4] Group 2 - On National Burrito Day, Chipotle is offering a $0 delivery fee to all Chipotle Rewards members ordering through their website or app [4][5] - Chipotle operates over 3,400 restaurants across multiple countries and is recognized for its commitment to serving responsibly sourced, real food without artificial ingredients [6]
Why Chipotle Mexican Grill (CMG) Dipped More Than Broader Market Today
Zacks Investment Research· 2024-04-01 22:56
The most recent trading session ended with Chipotle Mexican Grill (CMG) standing at $2,877, reflecting a -1.02% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.2%. Elsewhere, the Dow saw a downswing of 0.6%, while the tech-heavy Nasdaq appreciated by 0.11%.The Mexican food chain's shares have seen an increase of 8.11% over the last month, surpassing the Retail-Wholesale sector's gain of 2.13% and the S&P 500's gain of 3.32%.Analysts and inves ...
Will Chipotle (CMG) Beat Estimates Again in Its Next Earnings Report?
Zacks Investment Research· 2024-04-01 17:15
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Chipotle Mexican Grill (CMG) , which belongs to the Zacks Retail - Restaurants industry.When looking at the last two reports, this Mexican food chain has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.54%, on average, in the last two quarters.For the most recent quarter, Chipotle was expected to post earnings ...
Walmart, Chipotle are splitting the wealth of a record stock market in a way they haven't in decades
CNBC· 2024-03-31 14:00
Certainly, having a lower share price broadens ownership opportunities for employees to buy company stock, but it remains to be seen whether more rank-and-file workers will take advantage of company stock ownership opportunities.But it may not be so simple, according to benefits consultants.For Chipotle, it's the first stock split in the company's 30-year history, and its announcement echoed Walmart's. Both are hoping, through the availability of an employee stock purchase plan and financial education, they ...