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On what is a decidedly down day in the markets, Chipotle (NYSE: CMG) stock managed to buck the negative trend.
Shares of Chipotle Mexican Grill (CMG) hit an all-time high today, climbing 7.35% to $3,142 in afternoon trading. The increase comes after the popular burrito chain reported first-quarter earnings Wednesday and outpaced analysts' expectations in both earnings and sales.
Chipotle's (CMG) first-quarter performance benefits from enhanced throughput and marketing initiatives. Also, strong comparable restaurant sales growth and new restaurant openings bode well.
Chipotle (CMG) possesses solid growth attributes, which could help it handily outperform the market.
Investors interested in Retail - Restaurants stocks are likely familiar with Yum China Holdings (YUMC) and Chipotle Mexican Grill (CMG). But which of these two stocks presents investors with the better value opportunity right now?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Despite an incredibly tough year-ago revenue comparison, Chipotle continues to report strong top-line growth. Business strength in Q1 continued in April, management says.
Chipotle Mexican Grill (CMG) served up quarterly earnings and revenue that came in ahead of market expectations, sending the fast casual restaurant chain's shares more than 3% higher in premarket trading Thursday morning.
Investors, which includes lawmakers on Capitol Hill, have generally flocked to companies enacting stock splits in recent years. A perennial outperformer, whose shares have gained 13,150% since going public in 2006, announced plans to complete a historic stock split in June.
Higher prices at Chipotle haven't kept customers from visiting and spending at the fast-casual restaurant. They're doing so because of value, executives said during the company's quarterly earnings call.