Despite signs that Americans are still craving their favorite burrito bowls and willing to pay extra for guacamole, Chipotle is carefully watching consumer behavior amid higher labor and menu costs. "The [California] minimum wage, higher minimum wage just took effect earlier this month," CFO Jack Hartung said on "The Big Money Show," Tuesday."We did take a modest price increase of 6 to 7%. We've been watching the traffic since we took the price increase. We're not seeing anything yet, we're not seeing any c ...

Chipotle Gains and Stock Split Is Next AndreyKrav / iStock Editorial via Getty Images Chipotle Mexican Grill (CMG) stock may have experienced some profit taking today, but the selling didn’t last. While the stock was left out of broader market gains today, the bulls returned in after-market trading, sending shares into the green. Besides, with a 7% jump in the past week since reporting blowout first-quarter results, and a whopping 37% increase year-to-date, Chipotle stock has given investors plenty to che ...

This thriving restaurant chain has one key attribute that stands out.Like clockwork, Chipotle Mexican Grill (CMG -1.55%) once again beat Wall Street expectations. For the three-month period that ended March 31, the company reported revenue of $2.7 billion (up 14.1% year over year) and diluted earnings per share of $13.01 (up 23.9%). Shares moved higher following the news, and they are up 39% so far in 2024.The booming restaurant stock has been a massive winner for shareholders in recent years. It has attrac ...

The brand is inviting healthcare professionals to sign up for a chance to receive free burritos in celebration of National Nurses Week A total of 100,000 verified healthcare workers will receive free burrito e-cards, equivalent to over $1 million in free Chipotle NEWPORT BEACH, Calif., May 1, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) announced today it will recognize the healthcare community by awarding 100,000 healthcare workers with free burrito e-cards, equivalent to over $1 million in fre ...

Chipotle Mexican Grill (CMG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this Mexican food chain have returned +11.6%, compared to the Zacks S&P 500 composite's -2.5% change. During this period, the Zacks Retail - Restaurants industry, which Chipotle falls in, has lost 0.6%. The key question now is: What could be the stock's future direction?While med ...

Revenue and earnings continue rising at strong double-digit rates.Chipotle Mexican Grill (CMG 0.71%) has satisfied investors, who have been hungry for massive portions of strong returns. Shares of the fast-casual restaurant concept are up a jaw-dropping 366% in just the past five years, easily outpacing the broader S&P 500. This business now carries an impressive $86 billion market cap.The restaurant stock has soared 40% just this year as of Apr. 26, most recently boosted by better-than-expected first-quart ...

The stock market can feel like easy money when every investment rises. However, the stock market is volatile and periodically goes through sharp corrections. Patient investors can use these dips as long-term buying opportunities and accumulate positions in promising growth stocks to buy.Growth-oriented investments can outperform the stock market, which also means these investments can lose more ground than the market when things go wrong. The long-term outlook is promising for these seven top growth stocks ...

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 ...