Chipotle Mexican Grill (CMG) Earnings Preview - Credit Suisse

Credit Suisse analyst Lauren Silberman reiterated an Outperform rating and $1,950.00 price target on Chipotle Mexican Grill (NYSE: CMG) ahead of 2Q21 results on 7/20 AMC.

The analyst stated "CMG continues to be one of our favorite near-term and longterm stocks as a rare compounding growth story positioned for double-digit top-line and margin expansion over the years to come. While we acknowledge concerns around a walk back on the margin algorithm, we believe estimates already embed an ongoing ~200bps AUV/margin gap (consensus 2022/2023 AUVs $2.7/2.8MM+ and restaurant margins ~24.9%/26%), the price increase covers the dollar cost of the investment and levers exist to help offset margin headwinds."

For an analyst ratings summary and ratings history on Chipotle Mexican Grill click here. For more ratings news on Chipotle Mexican Grill click here.

Shares of Chipotle Mexican Grill closed at $1619.98 yesterday.

You May Also Be Interested In

• HSBC Downgrades China Power International (2380:HK) (CPWIF) to Hold
• Zurn Water Solutions (ZWS) Reiterated at Buy by Stifel on New Product Development Momentum
• DA Davidson Reiterates Buy Rating on Box, Inc. (BOX) on Secular Tailwinds for Demand