Chipotle Mexican Grill (CMG) Stock Rally Continues After Restaurant Brands International (QSR) Earnings Beat

 

Shares of Chipotle Mexican Grill (CMG) continue to rise following Restaurant Brands International (QSR) release of quarterly earnings. QSR stock is up 1.75% today, with the company posting beats on both earnings per share and revenue.

Chipotle reported quarterly earnings last Wednesday, beating estimates on both the top and bottom lines, with the company expecting a rise in comparable restaurant sales this year.

Chipotle stock is trading at $602.39 as of 3:46 PM on Monday, Feb 11, a gain of $19.62, or 3.37% from the previous closing price of $582.77. CMG stock has traded between $584.15 and $608.55 so far today. Volume today is elevated. So far 1,227,622 shares have traded compared to average volume of 853,269 shares.

Stock Score Report, InvestorsObserver’s proprietary scoring system gives CMG a score of 74 out of a possible 100. That score is based on three component scores. A fundamental score of 27, a long-term technical score of 96 and a short-term technical score of 99.

CMG stock scores highly in both short- and long-term technicals, signaling strength in the stock. Chipotle stock holds an analyst average recommendation of Moderate Buy. CMG has a median target price of $518.33, which is -14.0% lower than the stock’s current price.

The major indices are headed in different directions. The NASDAQ is up 0.14% to 7,308.63. The S&P 500 has risen 0.07% to 2,709.72. The Dow Jones Industrial Average is lower by -0.23% to 25,047.61.

Our proprietary system combines short and long-term technical factors, Wall Street’s opinion, and other fundamental factors into an overall score that measures a stock’s suitability for investment.

Get More Analysis and Trade Ideas on Chipotle Mexican Grill (CMG) Stock

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Symbols: CMG QSR

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