Chipotle Mexican Grill reports second-quarter results after Wednesday's market close, with its stock trading about 30% below its 52-week high of $46.61 while the average price target across 35 analysts sits roughly 30% above the current price at about $43. First-quarter comparable sales rose 0.5% on a 0.6% increase in transactions, breaking a streak of declines, but adjusted restaurant-level operating margin fell to 23.7% from 26.2% a year earlier. The upcoming report laps a weak year-ago quarter when comparable sales fell 4%, making it a key test of whether the traffic recovery is holding and whether margins are stabilizing. Full-year guidance calls for about flat comparable sales and 350 to 370 new locations, and the stock trades at about 29 times earnings, roughly in line with the S&P 500.
Chipotle Mexican Grill IncEarnings report upcoming; stock is 30% below high but analysts see 30% upside; Q1 showed mixed results with sales up but margins down.