Chipotle earnings: Stock hits all-time high but questions arise about how long growth will last

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Chipotle is scheduled to report earnings after the bell Tuesday ... The stock is up more than 72% for 2019 so far after a yearslong struggle to recover from illness outbreaks in 2015

Chipotle Mexican Grill Inc. is scheduled to report second-quarter earnings after the closing bell on Tuesday and while analysts are bullish about this quarter, they’re starting to question just how long Chipotle’s hot streak will last.

“The way we see the shares here is that the debate about whether the brand can recover from food safety issues in an environment of increased competition is over, and the stock performance now turns on the whether the rate of recovery can exceed expectations currently factored into estimates and valuation,” wrote John Zolidis, president of Quo Vadis Capital.“[T]he company will soon start lapping its own improvements and one-time structural changes such as closing underperforming locations.

Revenue: FactSet and Estimize are guiding for revenue of $1.41 billion, up from $1.27 billion last year. Stock price: Chipotle shares have gained nearly 6% over the past three months, outpacing both the S&P 500 index SPX, +0.28% , which is up 2.7%, and the Dow Jones Industrial Average DJIA, +0.07% , up 2.5%.Besides the illness issues, Chipotle stumbled out the gate with the launch of queso.

See: As Beyond Meat soars, Conagra sees $30 billion opportunity in Gardein plant-based meat alternativesWedbush analysts maintained their neutral stock rating but moved their price target to $750 from $700 based on growth expectations for same-store sales and margins.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Luckily that can never happen again

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump’s stock market still lags Obama’s, but that could be about to changeDonald Trump loves telling us all about how great the stock market has done under his leadership. And why not? Despite a few hiccups, it’s been a great run.
Source: MarketWatch - 🏆 3. / 97 Read more »

Intel stock up amid rumors it's selling part of its chip business to AppleIntel's stock rose more than 1% in after-hours trading amid reports that Apple is in talks to buy its smartphone-modem chip business
Source: CNN - 🏆 4. / 95 Read more »

Tech stocks keep stock market mostly buoyant; Boeing’s shares weigh on the DowStocks are rising Monday as investors adjust expectations around a widely anticipated rate cut by the Federal Reserve at the end of the month and brace for a... I believe you are correct...
Source: MarketWatch - 🏆 3. / 97 Read more »