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Fly News Breaks for October 18, 2018
CMG
Oct 18, 2018 | 09:38 EDT
Cleveland Research analyst Steven Gojak believes Q3 comps improved a bit versus trend but are likely trending below consensus. The analyst is modeling Q3 comps of +4.5% versus consensus of +5.3% and expects moderate trends to continue through the year. Gojak rates Chipotle a Neutral.
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.