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All Posts Term: Chipotle
2 post(s) found

Chipotle Sees Slow Down But Beats the Street

Chipotle Mexican Grille Inc. which has outperformed all other members of the S&P 500 Restaurant Index so far, sees sales coming in soft next year. Growth has been near 15% for stores opened in the last year but going forward, the company predicts sales to grow closer to 5%. Analysts had thought a slow down in the 7.2% growth range was coming. So they did see this trend prior to the company discussing it today while reporting its most recent quarter.

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The stock, ticker symbol CMG moved lower in after-hours trading. The stock has climbed 23% this year to date. Analyst are hoping the soft sales growth projection is the company being conservative at this time and the actual numbers will be better. Some till remain positive on the stock with Buy ratings. Strong growth in the past was attributed to the healthy nature of their meals and the ability of customers to customize their orders.

Chipotle Mexican Grill, Inc (CMG)

Chipotle Mexican Grill, Inc (CMG) 52 Week High

Chipotle Mexican Grill is the owner and operator of fast food casual restaurants in the US and Canada. The company was founded in 1993 and currently operates 1,000 restaurants. The stock of the company is in the S&P 400 MidCap Index is has a market-cap of $5.16 Billion. The company has not yet offered a dividend to investors but boast solid growth.

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