BUZZ-Street View: Chipotle's faster service time sets it up for multi-year traffic gains

Reuters04-25

** Chipotle Mexican Grill hiked its FY sales forecast, helped by solid demand for its burritos and rice bowls despite higher menu prices ** Shares were up 3.5% at $3,030 premarket, set to add to ~28% gains so far this year; at least 17 brokerages raise PTs

MOMENTUM TYPICALLY BEGETS MOMENTUM ** BTIG ("buy", PT: $3,350) after "stellar Q1 earnings", expects same-store sales trends to be even better in Q2 on the heels of faster throughput, higher pricing and a calendar shift ** Stifel ("buy", PT $3,270) believes momentum typically begets momentum and says Chipotle still has a meaningful runway to accelerate the flywheel ** Piper Sandler ("neutral", $3,070) notes CMG's traffic out-performance across segments right now is "quite remarkable", with gaps within the industry widening ** William Blair ("outperform") sees benefits of CMG's throughput gains likely increasing on entering higher-volume spring/summer months ** Says throughput may still be in the early innings of becoming a multi-year driver of transaction growth ** TD Cowen ("buy", PT $3,500) says CMG's low relative pricing versus peers amid a tough industry backdrop and promotions in Braised Beef Barbacoa & Chicken Al Pastor resonating well

(Reporting by Savyata Mishra in Bengaluru)

((Savyata.Mishra@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2430328341?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-25 21:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2430328341","market":"us","top_or_hot":-1,"title":"BUZZ-Street View: Chipotle's faster service time sets it up for multi-year traffic gains","media":"Reuters","content":"<html><body><p>** Chipotle Mexican Grill    hiked its FY sales forecast, helped by solid demand for its burritos and rice bowls despite higher menu prices ** Shares were up 3.5% at $3,030 premarket, set to add to ~28% gains so far this year; at least 17 brokerages raise PTs</p><p>    MOMENTUM TYPICALLY BEGETS MOMENTUM ** BTIG (\"buy\", PT: $3,350) after \"stellar Q1 earnings\", expects same-store sales trends to be even better in Q2 on the heels of faster throughput, higher pricing and a calendar shift  ** Stifel (\"buy\", PT $3,270) believes momentum typically begets momentum and says Chipotle still has a meaningful runway to accelerate the flywheel ** Piper Sandler (\"neutral\", $3,070) notes CMG's traffic out-performance across segments right now is \"quite remarkable\", with gaps within the industry widening ** William Blair (\"outperform\") sees benefits of CMG's throughput gains likely increasing on entering higher-volume spring/summer months ** Says throughput may still be in the early innings of becoming a multi-year driver of transaction growth ** TD Cowen (\"buy\", PT $3,500) says CMG's low relative pricing versus peers amid a tough industry backdrop and promotions in Braised Beef Barbacoa &amp; Chicken Al Pastor resonating well</p><p> (Reporting by Savyata Mishra in Bengaluru)</p><p>((Savyata.Mishra@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Street View: Chipotle's faster service time sets it up for multi-year traffic gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Street View: Chipotle's faster service time sets it up for multi-year traffic gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-25 21:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>** Chipotle Mexican Grill    hiked its FY sales forecast, helped by solid demand for its burritos and rice bowls despite higher menu prices ** Shares were up 3.5% at $3,030 premarket, set to add to ~...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CMG","symbol_name":"墨式烧烤","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2430328341","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430328341","pubTimestamp":1714051440,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Chipotle Mexican Grill    hiked its FY sales forecast, helped by solid demand for its burritos and rice bowls despite higher menu prices ** Shares were up 3.5% at $3,030 premarket, set to add to ~28% gains so far this year; at least 17 brokerages raise PTs    MOMENTUM TYPICALLY BEGETS MOMENTUM ** BTIG  after \"stellar Q1 earnings\", expects same-store sales trends to be even better in Q2 on the heels of faster throughput, higher pricing and a calendar shift  ** Stifel  believes momentum typically begets momentum and says Chipotle still has a meaningful runway to accelerate the flywheel ** Piper Sandler  notes CMG's traffic out-performance across segments right now is \"quite remarkable\", with gaps within the industry widening ** William Blair  sees benefits of CMG's throughput gains likely increasing on entering higher-volume spring/summer months ** Says throughput may still be in the early innings of becoming a multi-year driver of transaction growth ** TD Cowen  says CMG's low relati","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CMG":"墨式烧烤","BK4585":"ETF&股票定投概念","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","SGXZ81514606.USD":"大华环球创新基金A Acc USD","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","BK4588":"碎股","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BUZZ":"VanEck Social Sentiment ETF","BK4504":"桥水持仓","BK4209":"餐馆","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1"},"translate_title":"街景：Chipotle更快的服务时间为其多年的流量增长奠定了基础","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BUZZ":1,"CMG":0.9},"content_text":"** Chipotle Mexican Grill    hiked its FY sales forecast, helped by solid demand for its burritos and rice bowls despite higher menu prices ** Shares were up 3.5% at $3,030 premarket, set to add to ~28% gains so far this year; at least 17 brokerages raise PTs    MOMENTUM TYPICALLY BEGETS MOMENTUM ** BTIG (\"buy\", PT: $3,350) after \"stellar Q1 earnings\", expects same-store sales trends to be even better in Q2 on the heels of faster throughput, higher pricing and a calendar shift  ** Stifel (\"buy\", PT $3,270) believes momentum typically begets momentum and says Chipotle still has a meaningful runway to accelerate the flywheel ** Piper Sandler (\"neutral\", $3,070) notes CMG's traffic out-performance across segments right now is \"quite remarkable\", with gaps within the industry widening ** William Blair (\"outperform\") sees benefits of CMG's throughput gains likely increasing on entering higher-volume spring/summer months ** Says throughput may still be in the early innings of becoming a multi-year driver of transaction growth ** TD Cowen (\"buy\", PT $3,500) says CMG's low relative pricing versus peers amid a tough industry backdrop and promotions in Braised Beef Barbacoa & Chicken Al Pastor resonating well (Reporting by Savyata Mishra in Bengaluru)((Savyata.Mishra@thomsonreuters.com))","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430328341"}