Copper's Spiking - And This Junior Has the Grades to Match

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

Chipotle Stock Faces Bearish Charts Despite Upbeat Q1 Estimates And Price Target Revisions

Rishabh Mishra
April 23, 2025

Chipotle Mexican Grill Inc. (NYSE:CMG) will report its first-quarter earnings after market close on Wednesday. Here’s what its charts and recent price revisions by analysts indicate.

What Happened: Chipotle is expected to report earnings of $0.28 per share, representing a 12% increase from the fourth quarter EPS of $0.25 per share, according to Benzinga Pro data.

Also, Wall Street expects the fast-food chain to deliver a revenue of $2.97 billion, 4.21% higher than its fourth quarter revenue of $2.85 billion.

The company announced its entry into the Mexican market through a newly signed partnership with Latin American restaurant operator Alsea on Monday. The Chief Business Development Officer at Chipotle, Nate Lawton, said, "We are confident that our responsibly sourced, classically-cooked real food will resonate with guests in Mexico," said.

The company’s technical analysis shows that its stock price of $47.10, as of Tuesday’s close, was below its short and long-term simple daily moving averages.

Its relative strength index of 40.96 was in the neutral zone, whereas its momentum indicator, the MACD line, of negative 0.96, suggested that its 12-day exponential moving average was below its 26-day EMA, with a negative histogram value of 0.10.

These indicators hinted at an overall bearish trend in Chipotle’s stock.

See Also: GameStop Short Seller Andrew Left Goes Long On China And These 2 US Stocks Amid Market Correction

Why It Matters: According to the 26 analysts tracking the company and the data compiled by Benzinga, the stock received four price downgrades as of April 22nd.

Barclays reduced its price target from $60 to $56, maintaining an “equal-weight” rating. Truist Securities adjusted the price from $74 to $61, with a “buy” Guggenheim recorded the target from $56 to $48 with a “neutral” rating, whereas Wells Fargo adjusted the price by $10 from $70 to $60, still maintaining its “overweight” rating.

According to a report by Investing.com, Truist Card data analysis prompted the adjustment, projecting flat same-store sales (SSS) for the first quarter of 2025, below the 1.9% consensus forecast.

Guggenheim, on the other hand, issued a reduction in the target price, citing the soft trends in the early first quarter impacted by adverse weather conditions and calendar shifts, as per an Investing.com report.

Price Action: Chipotle has declined by 21.36% on a year-to-date basis, whereas it was down 19.21% over a year. The stock was up 2.12% in premarket on Wednesday.

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, rose in premarket on Wednesday. The SPY was up 2.20% to $538.84, while the QQQ advanced 2.67% to $456.34, according to Benzinga Pro data.

Benzinga Edge Stock Rankings shows that CMG has a weaker price trend over the short, medium, and long term. Its momentum ranking was weak at the 28.15th percentile, whereas its value ranking was also sluggish at 17.26th percentile; the details for which, along with other metrics, are available here.

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