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Truist Securities raised the firm’s price target on Chipotle from $72 to $74 based on the findings and believes Chipotle is shifting menu prices higher “from a point of strength,” according ...
“For the first time in over a year,” said Laurie Schalow, Chipotle's chief corporate affairs officer, “We have taken a modest price increase of approximately 2% nationally to offset inflation."
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Chipotle told investors last week that prices at nearly 500 of its California chains increased between 6% and 7% across its menu during the first week of April, compared to the same time last year.
Data by YCharts.. Analysts' consensus forecasts for 2024's earnings tripled over the course of the year, and they could be underestimating the stock going into 2025 as well.
Chipotle Mexican Grill is one of the top fast casual restaurants in the United States. However, the chain has been struggling since late 2015, when more than 1,100 customers across the country fell...
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The California-based fast casual chain is looking to "offset inflation."