What's Going On With Chipotle Mexican Grill Stock Thursday?
Portfolio Pulse from Dylan Berman
Chipotle Mexican Grill (NYSE:CMG) shares are trading lower on Thursday ahead of its quarterly earnings release next week. Analysts have mixed views, with Piper Sandler lowering its price target and Citigroup raising it. The stock is trading below its 50-day moving average and has lower-than-average session volume. Domino’s Pizza (NYSE:DPZ) mixed quarterly results may also be impacting the sector.
July 18, 2024 | 4:07 pm
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Chipotle Mexican Grill shares are trading lower ahead of its quarterly earnings release next week. Analysts have mixed views, with Piper Sandler lowering its price target and Citigroup raising it. The stock is trading below its 50-day moving average and has lower-than-average session volume.
The stock is trading lower ahead of earnings, which suggests investor caution. Mixed analyst ratings and the stock trading below its 50-day moving average add to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Domino’s Pizza's mixed quarterly results may be putting pressure on the restaurant and fast food sector, including Chipotle.
Domino’s mixed results could be contributing to sector-wide pressure, affecting stocks like Chipotle.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50