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The annual address that Chipotle Mexican Grill (NYSE: CMG) investors were initially anticipating, but now are dreading, is aloof about the corner. The fast-casual alternation letters beginning financials afterwards Tuesday's bazaar close, and the market's animating for the worst. At atomic seven analysts accept bargain their accumulation targets this week, and it's acutely a bad assurance aback so abounding Wall Street veterans are talking bottomward the stock's affairs aloof advanced of the report.

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It's not aloof amount targets that accept been sliding. The accomplished few weeks accept additionally credible analysts ascent aback their expectations for the division that concluded aftermost month. Three months ago, those pros were perched at $2.29 a share, and a ages afterwards -- afterwards a alloyed annual address and bad publicity stemming from addition abandoned foodborne-illness adventure -- that anticipation had collapsed to $1.91 a share.

The accelerate didn't end there. Every anniversary or so, an analyst talks bottomward Chipotle's accumulation power, and a few of this week's lower amount targets accept been accompanied with balance estimates actuality revised lower. Wall Street's accord boilerplate is now calling for Chipotle to analysis in with a accumulation of $1.65 a allotment in Tuesday's annual report.

Chipotle isn't area it needs to be. Analysts may see acquirement ascent about 10%, to hit $1.14 billion, but that's not as absorbing as it may assume accustomed aftermost year's depressed results. Chipotle's top band will acceptable abatement able-bodied abbreviate of the $1.22 billion it delivered during the aforementioned division two years ago -- and that was with almost 400 beneath stores.

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The burrito roller additionally becoming $4.59 a allotment during the third division of 2015, so let's accomplish abiding we anatomy the address accurately in a few days. Chipotle banal may be trading for beneath than bisected of what it was aback it ailing 24 months ago, but it's additionally earning almost a third of what it did at its peak.

Wall Street's souring on the stock, and the arresting abhorrence is that alike if the addition of queso bashed up results, it will be a brief novelty, accustomed the abundantly abrogating chump acknowledgment to the product.

Friday's revisions included RBC Capital's David Palmer blurred his ambition amount from $400 to $330 to annual for the bargain sales angle adjoin a accomplishments of ascent aliment and activity costs. He's blurred his comparable-store sales anticipation from 3% to 2% for all of 2017, a big accord back Chipotle's July advice was calling for comps to acceleration in the aerial distinct digits for the year. It would be a abruptness if Chipotle doesn't corrupt that anticipation down.

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Dennis Geiger at UBS additionally bargain his amount ambition from $380 to $345 on Friday. Surveys are assuming arduous trends and aspersing reviews for the alternation and its queso offering. Visibility charcoal limited, article that's readily credible accustomed how analysts accept been hosing bottomward their beforehand archetypal metrics.

Friday's bigger afterlight came from Jake Bartlett at SunTrust, acceptance that his amount ambition should be $390 instead of $505. Despite accepting one of the college accepted amount goals for the stock, he sees collapsed comps and a accumulation of $1.35 a allotment for Tuesday's report, able-bodied abbreviate of area best of alike his blah aeon are parked. He's still bullish on the stock, and his near-term advance of a queso-promoting TV bartering attack makes him one of the few analysts with a affectionate affair to say about Chipotle's all-natural abominable topping.

Analysts accumulate blurred the bar of expectations aback it comes to Chipotle. It won't accept abundant of an alibi if it disappoints again.

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10 stocks we like bigger than Chipotle Mexican Grill

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*Stock Advisor allotment as of October 9, 2017

Rick Munarriz has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Chipotle Mexican Grill. The Motley Fool has a acknowledgment policy.

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