Forecast Of The Day: Chipotle’s Average Revenue Per Restaurant
What?
Chipotle’s (NYSE:CMG) Average Revenue Per Restaurant remained roughly flat at about $2.2 million between 2019 and 2020. However, we expect the metric to rise to almost $2.6 million in 2021 and to over $2.8 million in 2022.
Why?
- Up 11% Already This Year, Does Chipotle Stock Have More Room To Run After Q4 Results?
- Up 30% This Year, Will Chipotle Stock Rally Further Following Q3 Results?
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- Chipotle’s Stock Up 50% Over Six Months. What’s Next?
- Chipotle Stock Looks Attractive at $1552
- This Restaurant Stock Is Holding Up Despite Rising Inflation. Is It Still A Buy?
We expect growth to be driven by continued strength in Chipotle’s digital sales as well as the re-opening of the economy following the Covid-19 lockdowns.
So What?
However, we think the projected growth is more than priced into CMG stock. We value Chipotle stock at about $1800 per share, about 7% below the current market price.
See Our Complete Analysis For Chipotle
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