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Barchart
Barchart
Faisal Humayun Khan

Dear Chipotle Stock Fans, Mark Your Calendars for October 29

Chipotle CMG UBS Europe

Chipotle Mexican Grill (CMG) stock has been depressed with a correction of 30% year-to-date (YTD). With the company’s third-quarter results round the corner, it’s time to assess if valuations are attractive considering the business outlook. 

Recently, UBS issued a warning that the company’s third-quarter earnings could fall short of consensus estimates and the full-year guidance is likely to be lowered. However, UBS analysts indicated that the pressure on sales and earnings is on the back of broader industry and macroeconomic challenges. 

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