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Chipotle Mexican Grill stock heats up; $3,000 is in the way
MarketBeat· 2024-02-07 14:37
Key PointsChipotle Mexican Grill had a smoking quarter in Q4 and gave favorable guidance for 2024. Capital return is solid and reduces the share count while the company and shareholder equity grow.Analysts support this market and are driving it higher; the first revisions are in and put upward pressure on the price action. 5 stocks we like better than Chipotle Mexican GrillChipotle Mexican Grill NYSE: CMG is the best-in-breed among restaurants for many reasons. CEO Brian Niccol resurrected this failing stor ...
Late-Session Earnings Bonanza: Ford, Chipotle, Snap & More
Zacks Investment Research· 2024-02-07 00:05
Markets bounced back this Tuesday from a Monday sell-off, though not all the way back to Friday highs (on the Dow, S&P 500 and Nasdaq; the Russell 2000 saw its near-term high in late January). The Dow gained +141 points, +0.37%, while the S&P gained +0.23%. The Nasdaq, while positive, was essentially flat at +0.07%, while the small-cap Russell won the day, +0.85%, and continues inching its way back toward breakeven.Ford (F) is enjoying one of its best trading days in recent memory, shooting up +4% ahead of ...
Chipotle (CMG) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-02-07 00:01
Chipotle Mexican Grill (CMG) reported $2.52 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.4%. EPS of $10.36 for the same period compares to $8.29 a year ago.The reported revenue represents a surprise of +0.98% over the Zacks Consensus Estimate of $2.49 billion. With the consensus EPS estimate being $9.73, the EPS surprise was +6.47%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...
Chipotle Taps Targeted Upselling as Restaurants Compete to Personalize the Experience
PYMNTS· 2024-02-06 23:47
Core Insights - Chipotle Mexican Grill is utilizing digital data from its loyalty program to enhance customer engagement and personalize marketing efforts [1][4] - The company reported a slight decline in digital sales mix, with Q4 2023 digital sales accounting for 36.1% and full year 2023 at 37.4%, down from 37.4% and 39.4% respectively a year earlier [3][4] - Despite the decline in digital sales mix, consumer interest in digital ordering remains high, with significant opportunities for personalized messaging [4] Company Strategies - Chipotle has implemented suggestive upselling on its app based on insights from its Rewards members, including prior order history [1] - The company aims to commercialize customer data for targeted marketing campaigns and improve the overall digital experience to drive increased frequency and spending [1] - Competitors like Starbucks and McDonald's are also focusing on digital personalization, with Starbucks using AI tools to identify and incentivize loyalty program members [2] Industry Trends - A PYMNTS Intelligence report indicates that 71% of U.S. consumers have received personalized offers and are interested in them, with an additional 12% expressing interest despite not having received such offers [1] - Research shows that 1 in 4 U.S. restaurant customers exclusively orders food using internet-connected devices, while 36% use both traditional and digital channels [3]
Chipotle's stock rises as higher prices and demand drive better-than-expected results
Market Watch· 2024-02-06 21:46
Shares of Chipotle Mexican Grill Inc. rose after hours on Tuesday after the Mexican fast-casual chain reported fourth-quarter results that topped Wall Street’s estimates, as consumer demand and higher prices on the menu outweighed higher ingredient costs. The company reported fourth-quarter net income of $282.1 million, or $10.21 a share, compared with $223.7 million, or $8.02 a share, during the same quarter in 2022. Chipotle reported adjusted earnings of $10.36 a share. Revenue rose 15.4%, to $2.52 billio ...
Chipotle earnings crush estimates as restaurant traffic grows 7.4%
CNBC· 2024-02-06 21:10
Chipotle Mexican Grill on Tuesday posted quarterly earnings and revenue that beat analysts' expectations as more customers visited its restaurants.Shares of the company rose more than 1% in extended trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings per share: $10.36 adjusted vs. $9.75 expectedRevenue: $2.52 billion vs. $2.49 billion expectedChipotle reported fourth-quarter net income of $282.1 mi ...
Earnings, Fed Speakers Dominate Activity; Lilly Beats, Spotify Misses
Zacks Investment Research· 2024-02-06 16:46
We have a big day of stock market information on deck, most of which doesn’t happen until after the opening bell rings this morning. We have a full docket of Fed presidents reporting later today, including Cleveland’s Loretta Mester, Minneapolis’ Neel Kashkari, Boston’s Susan Collins and Philadelphia’s Patrick Harker. There are also plenty of after-market-close earnings reports from Ford (F) , Chipotle (CMG) , Gilead (GILD) and Snap (SNAP) — all of which have a Zacks Rank #3 (Hold) rating as of this morning ...
3 Reasons Why Growth Investors Shouldn't Overlook Chipotle (CMG)
Zacks Investment Research· 2024-02-05 18:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help ...
Up 11% Already This Year, Does Chipotle Stock Have More Room To Run After Q4 Results?
Forbes· 2024-02-05 17:00
AUSTIN, TEXAS - APRIL 26: The exterior of a Chipotle Mexican Grill restaurant is seen on April 26, ... [+] 2023 in Austin, Texas. Chipotle Mexican Grill posted strong quarterly earnings. Chipotle shares climbed as same-store sales rose 10.9%. (Photo by Brandon Bell/Getty Images)Getty ImagesChipotle Mexican Grill stock (NYSE: CMG), a fast-casual restaurant chain that focuses on fresh and organic ingredients in burritos, salads, and more, is scheduled to report its fiscal fourth-quarter results on Tuesday, Fe ...
Should You Buy Chipotle Mexican (CMG) Ahead of Earnings?
Zacks Investment Research· 2024-02-05 14:56
Investors are always looking for stocks that are poised to beat at earnings season and Chipotle Mexican Grill, Inc. (CMG) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Chipotle Mexican is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — i ...