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Fly News Breaks for April 26, 2018
CMG
Apr 26, 2018 | 07:47 EDT
Wedbush analyst Nick Setyan raised his price target for Chipotle to $350 from $325, citing slight comp upside. Nonetheless, the analyst believes drivers of margin upside may prove unsustainable. He reiterates a Neutral rating on the shares.
News For CMG From the Last 2 Days
CMG
Mar 26, 2024 | 07:58 EDT
Bernstein raised the firm's price target on Chipotle to $3,200 from $2,800 and keeps an Outperform rating on the shares. Citing the recent launch of Chicken Al Pastor and momentum in in-store execution, the firm believes that the fundamental setup for 2024 is stronger and updated its same-store sales growth estimate to about 7% for 2024. The firm expects that Chipotle will reach $4M in average unit volume, or AUV, in five to six years, which it notes is ahead of consensus.