|Bid||148.72 x 1000|
|Ask||148.86 x 1400|
|Day's range||147.90 - 150.69|
|52-week range||112.47 - 172.87|
|Beta (5Y monthly)||1.28|
|PE ratio (TTM)||156.73|
|Earnings date||27 July 2021 - 02 Aug 2021|
|Forward dividend & yield||0.56 (0.38%)|
|Ex-dividend date||13 May 2021|
|1y target est||169.95|
BTIG upgraded the specialty restaurant group to buy from neutral and set a price target of $175 after a series of calls with franchisees. The firm is confident that domestic development is accelerating despite the cost of chicken and labor shortages striking many industries. "While we recognize that same-store sales will moderate over the coming quarters, we believe the brand is retaining much of the average weekly sales gains achieved during the pandemic, generating best in class cash-on-cash returns," said analyst Peter Saleh, according to StreetInsider.
It makes sense that Chipotle has raised prices. Investors should welcome the move.
The robots continue to infiltrate the fast-food industry.