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Ouch! How Chipotle Mexican Grill, Inc. Just Whiffed

TheMotleyFool 
0 0 25.10.17
Ouch! How Chipotle Mexican Grill, Inc. Just WhiffedPhoto, wide shot, wide-angle lens, Retail store, neutral atmosphere, photo by Joe Cornish: https://img.theapi.app/temp/5574eb69-dc38-42f3-aadd-6163ac8bd4a8.png
 
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.

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Source: Fool.com

Chipotle Mexican Grill Inc. Stock

€28.85
-1.540%
A loss of -1.540% shows a downward development for Chipotle Mexican Grill Inc..
The stock is an absolute favorite of our community with 61 Buy predictions and no Sell predictions.
With a target price of 39 € there is a positive potential of 35.18% for Chipotle Mexican Grill Inc. compared to the current price of 28.85 €.
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