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Zacks.com users have recently been watching Chipotle (CMG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Chipotle Interim CEO Scott Boatwright and President Jack Hartung join 'Mad Money' host Jim Cramer to talk Chipotle's new chapter following former CEO Brian Niccol's departure.
Ackman, who is a big holder in Chipotle, talked his book at an investment conference. He says Chipotle won't be hurt by the loss of its CEO to Starbucks.
Time to tear off the temporary tag.
Chipotle should continue to grow its revenue by opening new locations, increasing prices, and improving customer traffic. Earnings could grow faster than the top line as the company looks to become more efficient.
Fast-casual Mediterranean chain Cava has become a new Wall Street darling as it looks to match the performance of predecessor and competitor, Chipotle.
CMG's recent pullback is well warranted, with it bringing the stock to a more reasonably priced valuation compared to its historical means and sector peers. With the company set to report intensified growth prospects (domestically and internationally) in H2'24, we may see the management deliver excellent results indeed. These developments may well balance CMG's recent management shake up and the seasonal margin pressure attributed to higher COGS across beef, dairy, and avocados.
CMG's leadership uncertainty, operational challenges and high valuation are potent headwinds.
Chipotle's shares are around 15% below their 52-week highs. The company's CEO has just jumped ship to head up another restaurant chain.
The brand is giving fans a chance to score a BUY-ONE-ENTREE-GET-ONE-QUESADILLA (BOGO) offer1 starting September 23. On National Quesadilla Day, Chipotle will give away free quesadillas on DoorDash2 and Uber Eats3 with eligible purchases.