Chipotle Mexican Grill Option Alert: Apr 17 $50 Puts at the Bid: 4000 vs 10509 OI; Earnings 4/23 After Close 

Chipotle Mexican Grill Option Alert: Apr 17 $50 Puts at the Bid: 4000 @ $1.72 vs 10509 OI; Earnings 4/23 After Close Ref=$49.37

Chipotle Mexican Grill Option Alert: Sep 19 $45 Puts at the Bid: 5000 vs 1684 OI; Earnings 4/23 After Close 

Chipotle Mexican Grill Option Alert: Sep 19 $45 Puts at the Bid: 5000 @ $2.33 vs 1684 OI; Earnings 4/23 After Close Ref=$49.965

Chipotle Mexican Grill Option Alert: Jan 16 $55 Puts at the Bid: 800 vs 5448 OI; Earnings 4/23 After Close 

Chipotle Mexican Grill Option Alert: Jan 16 $55 Puts at the Bid: 800 @ $8.0 vs 5448 OI; Earnings 4/23 After Close Ref=$49.885

Chipotle Mexican Grill Option Alert: Apr 17 $50 Calls at the Bid: 5000 vs 3391 OI; Earnings 4/23 After Close 

Chipotle Mexican Grill Option Alert: Apr 17 $50 Calls at the Bid: 5000 @ $1.56 vs 3391 OI; Earnings 4/23 After Close Ref=$49.905

Chipotle Mexican Grill (NYSE:CMG) Bolsa

Chipotle Mexican Grill

Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $11.3 billion in 2024. The Mexican concept is almost exclusively company-owned, with just three license stores operated through a master franchise relationship with Alshaya Group in the Middle East. It had a footprint of 3,726 stores at the end of 2024, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.

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Chipotle Mexican Grill, Inc. Common Stock

Chipotle Mexican Grill Inc

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Goldman Sachs analyst Christine Cho on Wednesday provided a preview of the first quarter for U.S. restaurants.
What Happened: U.S. restaurant companies faced a tough start to 2025, with weaker consumer sentiment, weather impacts and tariff uncertainties affecting performance, except for a few like Brinker International Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>).
Although first-quarter softness was expected, risks remain on the downside due to macroeconomic and policy uncertainties, as reflected in Chipotle Mexican Grill Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) <a href="https://www.benzinga.com/25/04/44996394/chipotle-battles-slumping-sales-but-honey-chicken-boosts-hope-say-analysts">same-store sales growth miss and lowered guidance</a>.
These factors are likely to dominate investor attention during the earnings season, noted the analyst.
Despite no major changes in consumer intent for restaurant spending, recent adjustments to estimates reflect lower macroeconomic forecasts from GS economists, including slower GDP growth and a higher recession probability.
Restaurant sales trends are closely tied to consumer spending, and weaker macro conditions suggest lower comparable store-sales growth in the second half of 2025 and into 2026.
Inflation&#8217;s impact on margins is limited, and there&#8217;s a higher risk to global restaurant development plans, particularly in international markets, which could reduce long-term unit growth, the analyst said.
Economists predict a slowdown in U.S. GDP growth to 0.5% in 2025, down from 2.5% in 2024, with a 45% recession risk, up from 20% earlier in the year due to tightening financial conditions, foreign boycotts, and policy uncertainty.
Also Read: <a href="https://www.benzinga.com/news/earnings/25/04/44977669/pepsico-ceo-warns-of-tariffs-led-increase-in-supply-chain-costs-cuts-annual-profit-outlook">PepsiCo CEO Warns Of Tariffs Led &#8216;Increase In Supply Chain Costs,&#8217; Cuts Annual Profit Outlook</a>
The deceleration in consumer spending and macro headwinds are putting pressure on restaurant top-line growth, with varying impacts across different restaurant types.
Fast food restaurants show the lowest sensitivity to macroeconomic conditions, with higher resiliency compared to fast casual and full-service restaurants, which are more correlated with GDP and consumer discretionary spending.
Recent surveys show no significant shifts in consumer purchase intent for restaurants, with full-service restaurants seeing improvement compared to grocery stores, while limited-service restaurants have contracted in recent months.
What&#8217;s Next: Companies like Wendy&#8217;s Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>), Bloomin&#8217; Brands Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>), Domino&#8217;s Pizza Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NASDAQ">DPZ</a>), Wingstop Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>), Yum! Brands Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>), and Jack In The Box Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) have higher lease-adjusted net leverage, with Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) and Domino&#8217;s facing notable near-term debt maturities.
Slower same-store sales growth and higher build costs are expected to hurt franchisee profitability and reduce demand for new stores.
Many fast food chains anticipate slower unit expansion in 2025, with Jack in The Box planning major cutbacks and closures, while fast casual/casual dining brands remain mostly on track.
Potential U.S. tariffs may raise domestic build costs, while international growth faces challenges from weaker global demand and rising anti-U.S. brand sentiment.
U.S. tariff actions and foreign policy stances have damaged international perceptions of the U.S., raising concerns about reduced demand for American brands.
While it&#8217;s too soon to measure definitive consumer pullback, monitoring sentiment is increasingly important for U.S. brands abroad.
Morning Consult data shows a YTD decline in U.S. favorability across most tracked countries, particularly Canada, Western Europe and Mexico.
Despite rising anti-U.S. sentiment globally, current data indicates no strong link between U.S. tariffs and Chinese consumer attitudes toward U.S. brands.
Read Next: • <a href="https://www.benzinga.com/news/25/04/45011035/meta-booz-allen-launch-space-llama-ai-system-for-space-station-operations">Meta, Booz Allen Launch &#8216;Space Llama&#8217; AI System For Space Station Operations</a>
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US Restaurants Face Growth Hurdles As Macro Headwinds Mount, Says Analyst

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Chipotle Mexican Grill shares are trading higher. The stock may be rebounding after falling earlier this week on worse-than-expected Q1 sales results.

Guggenheim analyst Gregory Francfort maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Neutral and lowers the price target from $48 to $47.

Price Target

Guggenheim Maintains Neutral on Chipotle Mexican Grill, Lowers Price Target to $47

Loop Capital analyst Alton Stump maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and lowers the price target from $65 to $63.

Loop Capital Maintains Buy on Chipotle Mexican Grill, Lowers Price Target to $63

Chipotle Mexican Grill Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) reported <a href="https://www.benzinga.com/general/restaurants/25/04/44965628/chipotle-investors-get-burnt-on-q1-earnings-as-comparable-sales-fall-amid-slowdown-in-consumer-spending">first-quarter FY25 earnings </a>on Wednesday after market close. 
The following are the comments from two different analysts on the fast-casual restaurant chain&#8217;s performance:
<ul>
<li>Goldman Sachs analyst Christine Cho reiterated a Buy rating on the shares and lowered the price forecast from $62 to $57.</li>
<li>Bank of America Securities analyst Sara Senatore reiterated a Buy rating on the shares with a price forecast of $64.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/news/earnings/25/04/44977669/pepsico-ceo-warns-of-tariffs-led-increase-in-supply-chain-costs-cuts-annual-profit-outlook">PepsiCo CEO Warns Of Tariffs Led &#8216;Increase In Supply Chain Costs,&#8217; Cuts Annual Profit Outlook</a>
Goldman Sachs: Chipotle's first-quarter 2025 results came in close to expectations, with adjusted earnings of 29 cents versus consensus estimates of 28 cents.
Traffic fell more than anticipated at -2.3%. This contributed to a slowdown as same-store sales growth declined 0.4% compared to a 5.4% gain in the prior quarter.
Total revenue of $2.88 billion missed projections by 2–4%, despite steady new store openings. Margins slightly outperformed expectations, with restaurant-level margin at 26.2% and EBITDA margin at 20.1%. 
Management struck a cautious tone. Traffic, they warn, may stay negative through the first half of the year due to consumer spending uncertainty.
Chipotle has revised its estimates on the impact of recent tariffs. The company now expects a 20 basis point cost hit in the second quarter, mainly due to existing inventory. 
The ongoing effect on the cost of sales is projected at 50 basis points. That&#8217;s down from the 60 basis points forecast in February. Guidance does not include potential effects from delayed tariffs or the 25% duties on imports from Mexico and Canada.
Despite near-term pressure, the analyst remains optimistic long-term. Growth initiatives such as the Chipotle Honey Chicken limited-time offer, stronger marketing efforts, and operational upgrades should help, analysts noted.
Bank of America: Chipotle's same-store sales growth (SSSG) of -0.4% in the first-quarter fell short of expectations, though the analyst suggests calendar shifts and weather may have masked steadier underlying trends.
Encouragingly, a pickup in the two-year growth rate from March to April signals potential momentum. The BofA analyst also expects improved sales ahead, driven by easier year-over-year comparisons, strong performance from limited-time offers like honey chicken, and increased ad spending.
Analysts expect upcoming tariffs to weigh on margins by 20 basis points in the second quarter and 50 basis points for the full year. Efficiencies from prior portion investments and operational upgrades like new kitchen equipment should counterbalance these pressures.
Price Action: CMG shares traded higher by 0.79% at $49.15 at last check Thursday.
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Image: Shutterstock

Reiteration

Chipotle Battles Slumping Sales, Analyst Pin Hope On Honey Chicken

RBC Capital analyst Logan Reich maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Outperform and lowers the price target from $65 to $60.

RBC Capital Maintains Outperform on Chipotle Mexican Grill, Lowers Price Target to $60

UBS analyst Dennis Geiger maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and lowers the price target from $65 to $60.

UBS Maintains Buy on Chipotle Mexican Grill, Lowers Price Target to $60

U.S. equities are pushing higher for a third straight session, eyeing the longest winning streak since the Trump tariff announcement on April 2, as optimism over corporate earnings and easing trade <a href="https://www.benzinga.com/markets">tensions boosts risk sentiment.</a>
Positive quarterly results and robust guidance from U.S. firms is fueling hopes the economy can weather the ongoing tariff headwinds and avoid a recession.
Meanwhile, signs of a potential thaw in the U.S.-China trade conflict emerged, with the White House reportedly considering exceptions for certain Chinese auto parts.
At midday trading in New York, the Nasdaq 100 surged 2.2%, climbing above the 19,000 mark for the first time in two weeks. The S&amp;P 500 advanced 1.5%, while the Dow Jones Industrial Average underperformed, rising 0.9%.
Technology stocks broadly outperformed, with strength concentrated in the Magnificent Seven and the semiconductor space.
Among major movers, ServiceNow Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NASDAQ">NOW</a>) soared 15% after reporting results that beat Wall Street expectations and issuing bullish forward guidance. In contrast, shares of International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) slumped 8% as the tech giant showed lower-than-expected non-GAAP earnings. 
In the consumer staples sector, Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) dropped more than 5% after missing revenue estimates.
Treasury yields continued to ease, with yields on the 10-year Treasury down 5 basis points to 4.33%. 
Gold rebounded modestly after suffering a 2.7% slide on Wednesday. Natural gas prices extended their losing streak, plunging 4.9% and heading for a tenth consecutive negative session. 
In the crypto market, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) eased 0.5% to trade at $93,300. 
<h2 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,095.73</td>
<td>2.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,456.36</td>
<td>1.5%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,943.95</td>
<td>1.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,944.47</td>
<td>0.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.5% up to $543.71.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.9% to $399.51.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rallied 2.1% to $464.72.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1.5% to $193.08.</li>
<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 3%; the&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, down 0.8%.</li>
</ul>
<h2 class="wp-block-heading">Thursday&#8217;s Stock Movers</h2>
Stocks reacting to earnings included: 
<ul>
<li>Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>): up 0.6%</li>
<li>O'Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>): down 3.1%</li>
<li>Raymond James Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>): up 0.7%</li>
<li>Molina Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>): down 6.4%</li>
<li>Texas Instruments Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>): up 6.0%</li>
<li>FirstEnergy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>): up 0.4%</li>
<li>ServiceNow, Inc. up 14.9%</li>
<li>Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>): up 5.5%</li>
<li>ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>): up 10.0%</li>
<li>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>): up 3.6%</li>
<li>International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>): down 7.6%</li>
<li>Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>): up 3.6%</li>
<li>Rollins, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROL#NYSE">ROL</a>): up 1.2%</li>
<li>United Rentals, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>): up 8.9%</li>
<li>Tyler Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>): down 3.0%</li>
<li>Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>): up 7.1%</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>): up 5.2%</li>
<li>Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>): down 9.7%</li>
<li>American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>): up 2.3%</li>
<li>PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>): down 4.1%</li>
<li>CBRE Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>): up 2.5%</li>
<li>Entergy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>): up 0.4%</li>
<li>The Procter &amp; Gamble Company: down 5.3%</li>
<li>Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>): down 0.2%</li>
<li>Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>): down 0.2%</li>
<li>Valero Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>): down 1.8%</li>
<li>Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>): down 5.3%</li>
<li>Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>): up 2.1%</li>
<li>Willis Towers Watson Public Limited Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTW#NASDAQ">WTW</a>): down 5.2%</li>
<li>Tractor Supply Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>): down 4.8%</li>
<li>Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>): up 16.1%</li>
<li>CMS Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMS#NYSE">CMS</a>): up 2.3%</li>
<li>Xcel Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>): down 1.8%</li>
<li>CenterPoint Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>): up 1.8%</li>
<li>LKQ Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>): down 10.7%</li>
<li>PG&amp;E Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>): down 0.8%</li>
<li>Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>): down 0.6%</li>
<li>Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>): up 5.5%</li>
<li>Merck &amp; Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>): down 0.6%</li>
<li>Nasdaq, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>): down 0.4%</li>
<li>L3Harris Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>): up 0.4%</li>
<li>Pool Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POOL#NASDAQ">POOL</a>): down 6.1%</li>
<li>Dover Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>): up 1.8%</li>
<li>West Pharmaceutical Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>): down 2.2%</li>
<li>Ameriprise Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>): down 0.2%</li>
<li>Fiserv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>): down 16.4%</li>
<li>The Interpublic Group of Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>): up 3.4%</li>
<li>Allegion plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>): up 9.7%</li>
<li>Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>): down 3.1%</li>
</ul>
Stocks slated to report earnings after the bell include T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), VeriSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSN#NASDAQ">VRSN</a>), Eastman Chemical Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMN#NYSE">EMN</a>), Principal Financial Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NASDAQ">PFG</a>), Physicians Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOC#NYSE">DOC</a>), The Hartford Financial Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>), Weyerhaeuser Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>), Republic Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>), Digital Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>), Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), Erie Indemnity Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIE#NASDAQ">ERIE</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Read also: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44985682/apples-ai-delays-rising-cost-pressures-trigger-price-target-cut-from-bank-of-america">Apple AI Delays, Rising Cost Pressures Trigger Price Target Cut From Bank Of America</a></li>
</ul>
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Wall Street Rally Extends Into Third Day: What's Driving Markets Thursday?

Morgan Stanley maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Overweight and lowers the price target from $67 to $65.

Morgan Stanley Maintains Overweight on Chipotle Mexican Grill, Lowers Price Target to $65

Truist Securities analyst Jake Bartlett maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and lowers the price target from $64 to $63.

Truist Securities Maintains Buy on Chipotle Mexican Grill, Lowers Price Target to $63

Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) shares are trading on volatility Thursday. The company reported first-quarter earnings after the market <a href="https://www.benzinga.com//node/44965628">closed on Wednesday.</a>
What To Know: The company reported adjusted earnings per share of 29 cents, beating analysts&#8217; estimate of 28 cents. In addition, the company reported sales of $2.90 billion, missing analysts&#8217; estimate of $2.95 billion, but representing a 6.4% year-over-year increase.
Chipotle attributed the revenue growth to new restaurant openings. The company announced comparable restaurant sales fell&nbsp;0.4%&nbsp;year-over-year due to lower transactions of&nbsp;2.3%. 
During the first quarter, the company repurchased approximately $553.7 million worth of its stock. It has $847.7 million remaining under its current buyback authorization.
&#8220;While our&nbsp;first quarter&nbsp;results were impacted by several headwinds including weather and a slowdown in consumer spending, our teams continue to make significant progress improving the execution in our restaurants, innovating our back of house, and building Chipotle into a global iconic brand,&#8221; said&nbsp;Scott Boatwright, CEO, Chipotle.
&#8220;I am confident that we have a strong plan to return to positive transaction comps by the second half of the year, and during these uncertain times, we will continue to invest in the things that make Chipotle a special brand – our people, culinary, value proposition, innovation and growth.&#8221;
2025 Outlook: It sees full year comparable restaurant sales growth in the low single digit range. Furthermore, Chipotle expects 315 to 345 new company-owned restaurant openings.
Analyst Changes: Following the earnings report, multiple analysts lowered <a href="https://www.benzinga.com/quote/CMG/analyst-ratings">their price targets.</a>
<ul>
<li>Keybanc analyst Eric Gonzalez maintained an Overweight rating on Chipotle and lowered the price target from&nbsp;$60&nbsp;to&nbsp;$58.</li>
<li>Evercore ISI Group analyst David Palmer maintained an Outperform rating on Chipotle and lowered the price target from&nbsp;$64&nbsp;to&nbsp;$57.</li>
<li>Wells Fargo analyst Zachary Fadem maintained an Overweight rating on Chipotle and lowered the price target from&nbsp;$60&nbsp;to&nbsp;$55.</li>
</ul>
See Also: <a href="https://www.benzinga.com/general/biotech/25/04/44981281/french-drugmaker-sanofi-clocks-20-q1-profit-growth-forecasts-strong-rebound-in-annual-profit">French Drugmaker Sanofi Clocks 20% Q1 Profit Growth, Forecasts Strong Rebound In Annual Profit</a>
CMG Price Action: At the time of writing, Chipotle stock is trading 0.66% higher at $49.07, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro.</a>
Image: via Shutterstock

Movers

What's Going On With Chipotle Mexican Grill Shares Thursday?

Piper Sandler analyst Brian Mullan maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Neutral and lowers the price target from $59 to $52.

Piper Sandler Maintains Neutral on Chipotle Mexican Grill, Lowers Price Target to $52

CMG stock has given up its prior loss. Chipotle Mexican Grill shares were trading lower after the company reported worse-than-expected Q1 sales results.

Keybanc analyst Eric Gonzalez maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Overweight and lowers the price target from $60 to $58.

Keybanc Maintains Overweight on Chipotle Mexican Grill, Lowers Price Target to $58

Evercore ISI Group analyst David Palmer maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Outperform and lowers the price target from $64 to $57.

Evercore ISI Group Maintains Outperform on Chipotle Mexican Grill, Lowers Price Target to $57

Wells Fargo analyst Zachary Fadem maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Overweight and lowers the price target from $60 to $55.

Wells Fargo Maintains Overweight on Chipotle Mexican Grill, Lowers Price Target to $55

Baird analyst David Tarantino maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Outperform and lowers the price target from $62 to $56.

Baird Maintains Outperform on Chipotle Mexican Grill, Lowers Price Target to $56

Stephens &amp; Co. analyst Jim Salera maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Equal-Weight and lowers the price target from $54 to $49.

Stephens & Co. Maintains Equal-Weight on Chipotle Mexican Grill, Lowers Price Target to $49

TD Securities analyst Andrew Charles maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and lowers the price target from $60 to $57.

TD Securities Maintains Buy on Chipotle Mexican Grill, Lowers Price Target to $57

On Wednesday, U.S. stocks surged with the Dow Jones jumping over 419 points to 39,606.57. The NASDAQ climbed 2.5% to 16,708.05, and the S&amp;P 500 increased by 1.7% to 5,375.86.
These are the top stocks that gained the attention of retail traders and investors throughout the day.
International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) rose 1.90% to close at $245.48, hitting an intraday high of $249.34 and a low of $243.66. Its 52-week range is between $266.45 and $162.62. IBM reported <a href="https://www.benzinga.com/news/earnings/25/04/44966124/ibm-shares-slide-despite-better-than-expected-q1-details">first-quarter earnings</a> of $1.60 per share, surpassing analyst expectations of $1.40. Revenue also exceeded forecasts at $14.54 billion, compared to the anticipated $14.4 billion.
Chipotle Mexican Grill Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) saw a 3.52% increase, closing at $48.76. The stock reached a high of $49.70 and a low of $48.22, with a 52-week high of $69.26 and a low of $44.46. Chipotle reported first-quarter revenue of $2.9 billion, <a href="https://www.benzinga.com/general/restaurants/25/04/44965628/chipotle-investors-get-burnt-on-q1-earnings-as-comparable-sales-fall-amid-slowdown-in-consumer-spending">missing the $2.95 billion estimate</a>. However, adjusted earnings of 29 cents per share beat the expected 28 cents.
See Also:&nbsp;<a href="https://benzinga.com/25/04/44919745/tesla-shifts-cybertruck-marketing-strategy-to-appeal-to-traditional-pick-up-truck-customers-amid-poor-sales" target="_blank" rel="noreferrer noopener">Cybertruck Gets A Down-To-Earth Redesign As Tesla Shifts To Traditional Pickup Marketing Amid Poor Sales</a>
Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) climbed 3.67% to finish at $152.15, with a high of $155.34 and a low of $151.28. Its 52-week high and low are $220.38 and $139.95, respectively. Texas Instruments reported an 11% year-over-year revenue increase, with strong guidance for navigating supply chain dynamics. In the first quarter, revenue came in at $3.91 billion. The earnings per share of $1.28 beat estimates of $1.07.
Class A shares of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) rose 2.56% to $155.35, reaching a high of $157.53 and a low of $153.81. The stock&#8217;s 52-week range is $207.05 to $140.53. The company&#8217;s Class C shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) ended the day 2.48% higher at $157.72.  Alphabet is set to announce its quarterly earnings, with analysts predicting an <a href="https://www.benzinga.com/insights/earnings/25/04/44956346/a-glimpse-of-alphabets-earnings-potential">EPS of $2.02.</a>
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged 5.37% to close at $250.74, with an intraday high of $259.45 and a low of $244.43. Its 52-week high and low are $488.54 and $157.40. Tesla <a href="https://www.benzinga.com/25/04/44955303/tesla-stock-is-ripping-higher-wednesday-whats-driving-the-action">shares soared</a> following the release of its first-quarter results, despite missing revenue and earnings estimates.
Benzinga Edge Stock Rankings ranks Chipotle stock Quality in the 82nd percentile and Growth at the 72nd percentile. How do other restaurant chains compare? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here</a> to find out.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="445" height="286" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23215917/Screenshot-2025-04-24-at-10.58.12.png" alt="" class="wp-image-885496" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23215917/Screenshot-2025-04-24-at-10.58.12.png 445w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/23215917/Screenshot-2025-04-24-at-10.58.12-300x193.png 300w" sizes="(max-width: 445px) 100vw, 445px" /></a></figure>
Photo Courtesy: Goodvibes Photo on Shutterstock.com
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
Read Next: 
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<li><a href="https://www.benzinga.com/25/04/44969765/cathie-wood-buys-more-nvidia-and-amd-stock-as-chinese-tech-giants-stockpile-chips-amid-looming-us-export-curbs">Cathie Wood Buys More NVIDIA And AMD Stock As Chinese Tech Giants Stockpile Chips Amid Looming US Export Curbs</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Tesla, IBM, Chipotle, Texas Instruments, Alphabet: Why These 5 Stocks Are On Investors' Radars Today

Press Releases

CHIPOTLE AIMS TO HIRE FUTURE BILLION DOLLAR BUSINESS LEADERS IN NEW "BURRITO SEASON" HIRING PUSH

Entertainment

CHIPOTLE PREMIERES "UNFOLDED" - AN ANIMATED SHORT FILM FEATURING A COVER BY HALSEY ALONGSIDE $2 MILLION DONATION TO SUPPORT SUSTAINABLE AG

CHIPOTLE'S HIGHLY ANTICIPATED CHIPOTLE HONEY CHICKEN HAS ARRIVED

CHIPOTLE INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Chipotle Mexican Grill, Inc. - CMG

CHIPOTLE MEXICAN GRILL TO ANNOUNCE FIRST QUARTER 2025 RESULTS ON APRIL 23, 2025

CHIPOTLE INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Chipotle Mexican Grill, Inc. - CMG

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
11:47 AMMar 31, 2025	PUT	$50.00	Apr 17, 2025	-10	4043	4000	38	10509	TRADE	BULLISH
01:06 PMMar 26, 2025	PUT	$45.00	Sep 19, 2025	145	5003	5000	297	1684	TRADE	NEUTRAL
12:58 PMMar 26, 2025	PUT	$55.00	Jan 16, 2026	264	800	800	15	5448	TRADE	BULLISH
12:36 PMMar 25, 2025	CALL	$50.00	Apr 17, 2025	-10	5886	5000	174	3391	TRADE	BULLISH

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