Chipotle Mexican Grill's stock is experiencing a downturn following the release of its fourth-quarter earnings report, which revealed that the company's comparable sales growth fell short of Wall Street's expectations. Despite a 5.4% increase in same-store sales, driven by a 4% rise in transactions and a 1.4% increase in average check, the results did not meet the consensus forecast. The company attributed
Citi maintains a "Buy" rating on Chipotle Mexican Grill (CMG), setting a new price target of $70, up from $69, based on a 30.0x EV/EBITDA multiple. The report highlights a "tale of two halves" for 2025, with a slow start due to weather impacts and holiday shifts, but a stronger finish anticipated as new menu items like honey chicken are expected in March. The company is focusing on technology integration to
Chipotle Mexican Grill's stock is experiencing a decline in after-hours trading following the release of its fourth-quarter earnings report. The company reported sales growth that fell short of expectations, underscoring the challenges it faces in maintaining its impressive performance amid an industrywide traffic slowdown. Despite having set a high bar with its previous successes, Chipotle's latest results
Citi maintains a "Buy" rating on Chipotle Mexican Grill (CMG), adjusting the price target to $69 from $70, reflecting a 30.0x EV/EBITDA multiple. The report highlights strong underlying demand despite concerns over slowing year-end comps and avocado tariff exposure. Citi attributes these concerns to temporary factors like holiday shifts and weather, rather than a fundamental weakening in demand. The new CEO
Chipotle Mexican Grill, Inc. (CMG) has been a topic of interest on Reddit forums, with users discussing their investment experiences and opinions on the company's operations. One user shared a successful investment story, noting they bought CMG shares when the stock dropped 10% following a CEO change, which they perceived as a market overreaction. This decision paid off as the stock has since increased by 2
Chipotle Mexican Grill, Inc. (CMG) saw its stock rise by 4.84% to close at $63.89 on December 4, 2024, following a series of strategic moves and positive market reactions. The company announced a 2% increase in menu prices nationwide, effective the same day, to counteract rising costs of key ingredients such as dairy, beef, and avocados. This price adjustment, the first in over a year, aligns with broader i
Chipotle Mexican Grill has confirmed a 2% increase in menu prices nationwide, effective December 4th, as the company navigates rising costs of key ingredients like dairy, beef, and avocados. This move marks the first price adjustment in over a year for the restaurant chain, which is facing pressure from inflation and changing consumer preferences. The price hike aligns with a broader trend in the restaurant
Chipotle Mexican Grill (CMG) shares are experiencing an uptick today following a series of positive developments. The company announced a 20% menu price increase to counteract rising ingredient costs, marking the first price adjustment in a year. This strategic move, confirmed on Wednesday, has been well-received by the market, pushing the stock to a five-month high in early trading. Additionally, Truist Fi
Chipotle Mexican Grill's stock is experiencing an uptick following a positive development reported on December 4, 2024. Truist Financial has increased its price target for Chipotle after identifying the commencement of price increases at the restaurant chain. This move by Truist suggests confidence in Chipotle's ability to enhance its revenue through strategic pricing adjustments, which is likely contributi
Chipotle Mexican Grill, Inc. (CMG) is experiencing a pre-market boost following a positive update from Truist. On December 4, 2024, Truist raised its price target for Chipotle after identifying the start of price increases at the restaurant chain. This development suggests that Chipotle is implementing strategic pricing adjustments, which could potentially enhance its revenue and profit margins. The curren
Chipotle Mexican Grill, Inc. (CMG) has seen a slight movement in its stock price today, but no specific news has been reported to explain this change. On Reddit, discussions around CMG are focused on trading strategies rather than company-specific news. A post on r/StockTradingIdeas mentions awaiting a short signal for CMG based on nine trading signals, boasting a 77% win rate on a 15-minute chart. This s
Chipotle Mexican Grill, Inc. (CMG) is currently experiencing discussions on Reddit about operational challenges following the Thanksgiving holiday. A Reddit user shared an incident where a food order was mishandled due to the store being closed on Thanksgiving, leading to an oversized delivery that overwhelmed storage capacity. The situation was exacerbated by a manager from another store who was unfamiliar
Chipotle Mexican Grill, Inc. (CMG) has not been in the news today, but discussions on Reddit have highlighted some investor sentiments and reflections on past decisions regarding the company. One user on r/ValueInvesting shared their regret over selling Chipotle stock too hastily after the CEO left for Starbucks, noting that the stock rebounded significantly shortly after their sale. This highlights a commo
Chipotle Mexican Grill, Inc. (CMG) saw its stock decline by 1.05% to close at $62.05 on November 27, 2024, with a further drop of 4.94% in after-hours trading. The stock opened at $62.55 and fluctuated between a high of $62.69 and a low of $61.51, with trading volume at 57% of its average. The decline comes amid legal challenges, as multiple law firms have announced class action lawsuits against Chipotle, a
Chipotle Mexican Grill, Inc. (CMG) has not been the subject of any significant news today, leaving the stock's movement unexplained by recent events. However, discussions on Reddit have highlighted some ongoing issues and perspectives about the company. One user expressed frustration over Chipotle's frequent food shortages, particularly close to closing time, stating, "Chipotle always runs out of food... I
Chipotle Mexican Grill, Inc. (CMG) saw its stock price rise by 1.15% to close at $62.71 on November 26, 2024, up from the previous close of $62.00. The stock opened at $62.07 and reached a high of $62.74 during the trading session, with a volume of 5,206,609 shares, which is about 51.30% of its average daily volume. The upward movement in CMG's stock price today appears to be driven by significant instituti
Chipotle Mexican Grill, Inc. (CMG) shares are experiencing a slight decline of 0.02% to $61.99 as of November 26, 2024. The stock's movement today is not directly linked to any specific news event, but discussions on Reddit suggest potential concerns over a proposed 25% tariff against Mexico and Canada, which could impact Chipotle's supply chain and ingredient costs, particularly avocados. This speculation
Chipotle Mexican Grill, Inc. (CMG) saw its stock rise by 3.38% to close at $62.01 on November 22, 2024, following an opening price of $60.33. The stock reached a high of $62.42 during the trading session, driven by news of the company's expansion plans in Lancaster, New York. Chipotle's collaboration with Benderson Development to establish a new location is part of its broader strategy to increase its footp
Chipotle Mexican Grill (CMG) shares are up 3.61% to $62.15 as of 3:50 pm on Friday, rising from its previous close of $59.98. The stock's upward movement today comes amid news of the company's expansion plans in Lancaster, New York. Chipotle is collaborating with Benderson Development to establish a new 2,400-square-foot location on Transit Road at Wehrle Drive. This development is part of Chipotle's ongoin
Chipotle Mexican Grill, Inc. (NYSE: CMG) shares are down 1.9% to $58.79 from the previous close of $59.91, following the announcement of Scott Boatwright's appointment as CEO, effective November 11, 2024. The market appears to be reacting cautiously to the leadership change, as detailed in the SEC 8-K filing dated November 11, 2024. Boatwright, who has been with Chipotle since 2017 and served as Interim CEO