Overview
- Chipotle named Carnival Corp CEO Josh Weinstein to its board, a move Benzinga said appeared to boost investor confidence.
- Shares rose about 6% intraday Tuesday to $33.11 and extended gains Wednesday to $34.04, according to Benzinga Pro data at publication times.
- The stock remains sharply lower for 2025, down roughly 45% to 47% year to date and off about 47% over 12 months, after an 18.2% drop on Oct. 29 following Q3 results.
- Recent results showed ongoing traffic pressure with several quarters of lower comparable transactions even as Q3 revenue grew 7.5% to $3.0 billion and adjusted EPS came in at $0.29, a 3.6% beat.
- Analyst coverage reflects a Moderate Buy consensus from 33 analysts, with a mean price target of $44.39 and a street-high target of $70 reported by Barchart and Yahoo Finance.