Ouch! How Chipotle Mexican Grill, Inc. Just Whiffed
Low expectations weren't enough for Chipotle (NYSE: CMG) to over deliver when it reported its third-quarter results on Tuesday. The company still somehow managed to fall short of expectations. Revenue, earnings per share, and comparable restaurant sales were all below analyst estimates. Chipotle even moderated its plans for new stores and lowered its guidance for full-year comparable restaurant sales.
Investors weren't happy with the news. The stock came tumbling lower, losing 9% in after-hours trading on Tuesday after the fast-casual restaurant chain reported its third-quarter results.
Image source: Chipotle.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€49.00
0.790%
The stock is one of the favorites of our community with 70 Buy predictions and 1 Sell predictions.
With a target price of 2478 € there is potential for a 4957.66% increase which would mean more than doubling the current price of 49.0 € for Chipotle Mexican Grill Inc..
