Chipotle Stock Is Up Over 90% This Year, And Could Go Higher After Beating Earnings

The top-performing stock in the S&P 500 this year, Chipotle beat third-quarter earnings expectations on Tuesday, as the fast-casual burrito chain continues its meteoric comeback from a string of food safety issues several years ago.that came in higher than analyst estimates, thanks to strong sales momentum—especially in digital platforms like delivery, success of new menu items like carne asada and more favorable avocado prices.

Chipotle’s earnings mark yet another quarter of impressive growth, cementing the burrito chain’s rebound from a series of food safety lapses, such as E. coli outbreaks and salmonella, that plagued the restaurant from 2015 to 2017. Third-quarter profits were $3.82 per share, compared with $3.22 expected; overall sales grew almost 15% to $1.4 billion, with revenue for 2019 now expected to hit $5.5 billion—a marked increase from $4 billion two years ago.

Digital sales, spurred by expanded delivery and pickup options as well as a new Chipotle loyalty app, also continued to grow dramatically.in after-hours trading; overall, the stock has soared more than 90% this year and is up over 160% over the last two years.Chipotle’s price target going before earnings: Goldman Sachs analysts maintained that the stock could surpass $1,000 per share, while Bank of America Merrill Lynch analysts upgraded their price target to $850.

skleb1234 Best Food in town

skleb1234 Time to sell the stock and run then

skleb1234 angeljimenez good news

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Chipotle Stock Is Up Over 90% This Year, And Could Go Higher After Beating EarningsThe once under-fire burrito chain delivered yet another quarter of solid growth. I don't need to pay for irritable bowels cj_816 gsmith_14 __CNote
Источник: Forbes - 🏆 394. / 53 Прочитайте больше »

Here’s the stock-market trade this hedge-fund star is most excited about right nowThis trader has become fabulously wealthy using computer programs to track price trends — and by following one simple rule: cutting his losses early. “I love making money,” he says. abcmachado Ótima leitura abcmachado Mestre, acho que esse rapaz acompanha a sala kkkk We love making money too. Come talk to us about it! trifound
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Lyft says it will be profitable a year ahead of schedule, stock surges - Business InsiderLyft cofounders Logan Green and John Zimmer said that the company could be profitable as soon as the fourth quarter of 2021.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Employees of digital media outlets worry stock options are worthless - Business InsiderMany now see their hopes of a windfall deflate as those companies' prospects for a successful acquisition or IPO have dwindled. That’s the market and risk of startups, ipos. Far worse had capital and income been forfeited on joining based on a promised of gains and future but indenial repeat offender brats had thieved the lot in a rigged market.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »