BTIG Remains Neutral On Chipotle (CMG), Remains Concerned Over Sales And Future Visibility

BTIG maintains Neutral on Chipotle Mexican Grill (NYSE: CMG).

Analyst Peter Saleh comments "We remain Neutral on Chipotle as we believe there is limited visibility on sales, margins and EPS for 2017 and beyond. We believe management’s 2017 EPS guidance of $10.00, which they consider a stretch goal, leaves no room for error on the sales and margin recovery. Furthermore, we believe the 4Q16 EPS miss vs. guidance of ~$1.00 suggest management’s visibility is just as limited as the investment community’s. For 2017, we believe the launch of TV ads could help drive new guests to the brand which could aid in the recovery but still await more consistent top and bottom line trends before becoming more constructive on the name."

For an analyst ratings summary and ratings history on Chipotle Mexican Grill click here. For more ratings news on Chipotle Mexican Grill click here.

Shares of Chipotle Mexican Grill closed at $414.48 yesterday.

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