Chipotle Mexican Grill (NYSE:CMG) stands as a financial powerhouse in the fast-casual dining sector, with a cash position robust enough to warrant a dividend payout this year.
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Chipotle (CMG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The latest trading day saw Chipotle Mexican Grill (CMG) settling at $49.98, representing a +0.3% change from its previous close.
Chipotle Mexican Grill CEO Scott Boatwright talks about how tariffs are impacting the restaurant chain, he says they are now buying avocados from more countries and they're not raising prices during these uncertain times. Boatwright says a new Hot Honey Chicken is starting to appear in stores and they still plan on building more than 300 restaurants this year.
Chipotle Mexican Grill, Inc. NYSE: CMG has been one of the best-performing restaurant stocks over the past decade, but the past year has been more volatile. After hitting an all-time high last summer, the stock failed to push higher and is now down 20% from its December peak.
Chipotle (CMG) reported earnings 30 days ago. What's next for the stock?
Chipotle Mexican Grill (CMG -2.23%) is not only a purveyor of tasty meals like burritos and quesadillas, it's a high-potential investment. That is, if you accept the latest argument put forth by one analyst at a prominent, white-shoe investment bank.
After being a strong performer the past few years, shares of Chipotle Mexican Grill (CMG 0.67%) have gone from being hot to mild over the past year. The stock is down more than 12% year to date and is about break-even over the past year, as of this writing.
Restaurant company Chipotle Mexican Grill CMG could be negatively impacted by pending tariffs on Mexico, which could increase the cost of avocados and other food items.
"It is our intent as we sit here today to absorb those costs," Chipotle CEO Scott Boatwright told NBC News.
Chipotle Mexican Grill's stock rose Monday after the restaurant chain picked up a fresh upgrade from Morgan Stanley and the company's chief executive reiterated comments about managing the impact of trade tariffs on its avocados and other costs.