Why Chipotle Mexican Grill (CMG) Stock Is Falling TodayNEW YORK (TheStreet) -- Shares of Chipotle Mexican Grill Inca are falling this morning,adown 5.06% to $619.99 in early market trading after the food chain reported third quarter earnings and revenue that topped analyst estimates, but forecast a drop in comparable restaurant sales from current double-digit levels. The company said that while itaexpects comparable restaurant sales to increase in the mid-teens for 2014, it forecasts comps to fallato low to mid-single digit increases for 2015. Net income in the third quarter increasedato $130.8 million, or $4.15 per diluted share, from $83.4 million, or $2.66 per share one year ago, and higher than the consensus estimate of $3.83 per share. Must Read: Warren Buffetts 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Revenue increased 31.1% for the quarter to $1.08 billion from $827 million one year ago, and topping the $1.06 billion analysts estimated. Chipotle added that higher beef, avocado and dairy prices contributed to a rise in food costs but its restaurant level operating margin grew 2% from last year to 28.8%. Separately, TheStreet Ratings team rates CHIPOTLE MEXICAN GRILL INC as a Buy with a ratings score of B+.a You can view the full analysis from the report here: CMG Ratings Report CMG data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Click to view a price quote on CMG. Click to research the Leisure industry. By twocents@thestreet (Kurumi Fukushima) NEW YORK (TheStreet) -- Shares of Chipotle Mexican Grill Inca are falling this morning,adown 5.06% to $619.99 in early market trading after the food chain reported third quarter earnings and revenue that topped analyst estimates, but forecast a drop in comparable restaurant sales from current double-digit levels. The company said that while itaexpects comparable restaurant sales to increase in the mid-teens for 2014, it forecasts comps to fallato low to mid-single digit increases for 2015. Net income in the third quarter increasedato $130.8 million, or $4.15 per diluted share, from $83.4 million, or $2.66 per share one year ago, and higher than the consensus estimate of $3.83 per share. Must Read: Warren Buffetts 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Revenue increased 31.1% for the quarter to $1.08 billion from $827 million one year ago, and topping the $1.06 billion analysts estimated. Chipotle added that higher beef, avocado and dairy prices contributed to a rise in food costs but its restaurant level operating margin grew 2% from last year to 28.8%. Separately, TheStreet Ratings team rates CHIPOTLE MEXICAN GRILL INC as a Buy with a ratings score of B+.a You can view the full analysis from the report here: CMG Ratings Report CMG data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Click to view a price quote on CMG. Click to research the Leisure industry. ift.tt/1gB4pon
Posted on: Wed, 22 Oct 2014 08:27:47 +0000
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