What's Going On With Chipotle Stock Today? – Chipotle Mexican Grill (NYSE:CMG) – Benzinga

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Chipotle Mexican Grill Inc CMG shares are trading slightly lower Wednesday after the company reported better-than-expected financial results.
Chipotle said first-quarter revenue increased 16% year-over-year to $2.02 billion, which beat the $2.01 billion estimate. The company reported quarterly adjusted earnings of $5.70 per share, which beat the estimate of $5.65 per share, according to data from Benzinga Pro.
In-restaurant sales increased 33.1% year-over-year and operating margin grew to 9.4% in the first quarter. 
Assuming current trends continue, Chipotle said it expects comparable restaurant sales growth to be between 10% and 12% in 2022. The company also expects to add between 235 and 250 new restaurants this year. 
Analyst Assessment:
See Also: Why Visa Shares Are Trading Higher Today

CMG 52-Week Range: $1,277.41 – $1,958.54
The stock was up down 0.85% at $1,426.05 at time of publication.
Photo: courtesy of Chipotle.
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