Chipotle (CMG) reports earnings Tuesday April 25th after the bell.
Chipotle’s stock price is up 27% year to date.
This is because analysts have upgraded the stock the past few months. Analysts are stating that foot traffic has increased since last year.
Last summer Chipotle was giving away free burritos as part of their Chiptopia customer loyalty program.
We took advantage of the promotion and received a $240 catering order (in addition to several free burritos over three months)
A few weeks ago, Chipotle began raising the prices for their food. So instead of giving away free burritos to entice customers to come to their restaurants, they are now charging more money for their food. That’s a sign of confidence.
Investors wonder if Chipotle could be bought out just like Panera Bread and Popeye’s Louisiana Kitchen have been bought out the past few months.
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