Chipotle Mexican Grill (CMG) PT Lowered to $1,780 at KeyBanc
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Chipotle Mexican Grill (CMG) stock drops after 'disappointing' and 'choppy' Q4 results
February 8, 2023 6:19 AM ESTChipotle Mexican Grill (NYSE: CMG) shares are trading over 5% lower in pre-open Wednesday after the burrito chain reported weaker-than-expected earnings for its fourth quarter.
CMG posted an adjusted EPS of $8.29 on revenue of $2.18 billion, missing the average analyst consensus for earnings of $8.92 on revenue of $2.2B. Same-store sales were up 5.6% year-over-year but again below the 6.9%... More
