BUZZ-PREVIEW: Chiptole Mexican Grill shares inch up; results due after the bell

Reuters
24 Jul
BUZZ-PREVIEW: Chiptole Mexican Grill shares inch up; results due after the bell

** Shares of Chipotle Mexican Grill CMG.N are up 0.4% in afternoon trading Wed, with the restaurant co seen reporting an increase in its qtrly results due after the closing bell

** Analysts expect Q2 rev of $3.11 bln vs $2.97 bln a yr ago and adj EPS of 33c/shr vs 34c a yr ago, according to LSEG

** Investors may be closely watching for any comments on tariffs and diners' trends. In April, Chipotle tempered its annual comparable sales growth forecast amid tariff uncertainty

** CMG's median analyst 12-mo PT is $62; the stock was last at $52.57

** Analyst recommendations include 26 "strong buy" or "buy" ratings and nine "hold" ratings, per LSEG

** The stock is down about 13% YTD, while the S&P 500 .SPX is up roughly 8% in that period

(Reporting by Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))

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