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?
- How Did Chipotle Stock Gain 20% This Year Despite Inflationary Headwinds?
- Up 17% This Year, Will Higher Pricing Boost Chipotle’s Stock Post Q2 Earnings?
- Where Is Chipotle Stock Headed Post Stock Split?
- Chipotle Stock Is Up 39% This Year. What’s Happening With The Company?
- Rising 25% Year To Date, Will Q1 Results Drive Chipotle Stock Higher?
- Up 11% Already This Year, Does Chipotle Stock Have More Room To Run After Q4 Results?
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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