Chipotle Stock Has a Lot to Prove on Tuesday
Momentum isn't being kind to Chipotle Mexican Grill (NYSE: CMG) investors as we approach Tuesday afternoon's quarterly report. The stock hit a fresh four-year low last week, as a food-borne-illness outbreak in one restaurant and a mouse infestation in another made it a week to forget for Chipotle's spin doctors.
Wall Street, for its part, is holding out for a quarter of redemption for Chipotle. They see revenue soaring 19% to $1.19 billion, a combination of positive comps and brisk expansion. Chipotle began the quarter with 11% more restaurants than it had a year earlier, and unit-level sales should have no problem growing after last year's 23.6% second-quarter plunge.
Image source: Chipotle Mexican Grill.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€2,892.0
-0.400%
The stock is one of the favorites of our community with 57 Buy predictions and 1 Sell predictions.
With a target price of 3082 € there is a slightly positive potential of 6.57% for Chipotle Mexican Grill Inc. compared to the current price of 2892.0 €.
