Chipotle shares have plummeted 35% over the last year.
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Chipotle Mexican Grill
is expected to report its first-quarter earnings after the bell on Wednesday.
Here’s what Wall Street analysts surveyed by LSEG are projecting that the company will report:
Over the last 12 months, Chipotle shares have lost 35% of their value as the burrito chain reported same-store sales declines in three of the last four quarters. Analysts are forecasting that same-store sales will fall 0.7% this quarter, based on StreetAccount estimates.
Shares of Chipotle have tumbled 33% this year, dragging its market value down to roughly $54 billion.
At least five Wall Street analysts have cut their price targets for Chipotle shares after the chain's third-quarter earnings…
The recent pullback in shares of Chipotle may be nearing its end, Piper Sandler said in a note dated Monday.
Analysts are zeroing in on the potential impact of food inflation to margins and earnings.
Shares of McDonald's have risen roughly 3% this year. The fast-food giant has a market cap of nearly $220 billion.
Major names like Chipotle Mexican Grill and Mondelez International are slated to post quarterly earnings next week.
