Chipotle Stock Rose after BTIG Increased the Target Price

Since the beginning of 2018, Chipotle’s stock price has increased 53.6%. The appointment of Brian Niccol and Chris Brandt as the company’s new CEO and chief marketing officer, respectively, along with strong first-quarter earnings appear to have led to a rise in the company’s stock price. In the first quarter, Chipotle posted an adjusted EPS of $2.13 on revenues of $1.2 billion—compared to analysts’ EPS estimate of $1.57 on revenues of $1.2 billion. For a detailed analysis of Chipotle’s first-quarter earnings, read Chipotle Stock Rose over 10% after Hours on Strong 1Q18 Earnings.