Chipotle Mexican Grill Q2 Sales Decline, June-July Boost Keeps Analysts Bullish
1. Chipotle reported a revenue miss for Q2, exacerbating stock decline. 2. Analysts adjusted price targets, with most lowering to $58. 3. Fourth consecutive quarter of reduced same-store sales guidance reported. 4. Improvement in same-store sales noted from June and July. 5. Market volatility impacts consumer sentiment and overall performance outlook.