Chipotle Mexican Grill (CMG) Delay in Price Increase May Limit Near-Term Upside

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Go back to Chipotle Mexican Grill (CMG) Delay in Price Increase May Limit Near-Term Upside

Chipotle Mexican (CMG) Numbers Boosted at Jefferies, Still Cautious on Margin Gains

July 19, 2013 7:47 AM EDT

Jefferies boosted estimates and its price target on Chipotle Mexican Grill (NYSE: CMG) from $265 to $306 following Q2 results but maintained an Underperform rating.

While marketing efforts drove SSS beat, margin gains were elusive, analyst Andy Barish said.

"SSS of 5.5% beat Consensus... More

Chipotle Mexican Grill (CMG) Tops Q2 EPS by 1c; Comps Up 5.5%; Guides

July 18, 2013 4:05 PM EDT

Chipotle Mexican Grill (NYSE: CMG) reported Q2 EPS of $2.82, $0.01 better than the analyst estimate of $2.81. Revenue for the quarter came in at $816.8 million versus the consensus estimate of $802.8 million.

Comparable restaurant sales increased 5.5%

For 2013, management expects the following:

* 165 180 new restaurant... More