Chipotle (CMG) Catches Eye: Stock Jumps 12.2%
Chipotle Mexican Grill, Inc. CMG was a big mover last session, as the company saw its shares rise more than 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 55.9% in the past one-month time frame.
The company has seen 11 negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Chipotle currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Chipotle Mexican Grill, Inc. Price
Chipotle Mexican Grill, Inc. price | Chipotle Mexican Grill, Inc. Quote
A better-ranked stock in the Retail - Restaurants industry is Potbelly Corporation PBPB, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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