What Einhorn? Chipotle (CMG) Higher as Yum! (YUM) Posts Strong Q3 Results
Tweet
Share
E-mailGet Alerts CMG Hot Sheet
Price: $3,130.43 +6.96%
Revenue Growth %: +12.5%
Financial Fact:
Income from operations: 9.73M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Revenue Growth %: +12.5%
Financial Fact:
Income from operations: 9.73M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Join SI Premium – FREE
Shares of Chipotle Mexican Grill (NYSE: CMG) are on the rise today, possibly seeing a little positive sentiment from peer Yum! Brands' (NYSE: YUM) quarterly report issued late Tuesday.
For its third-quarter, Yum! -- the owner of such brands as KFC and Taco Bell -- said earnings rose 19 percent to 99 cents per share, besting views by two cents. Sales in China popped 22 percent in the period. For more color on Yum!'s results, click here.
Recently, Greenlight Capital's David Einhorn, known for moving stocks by simply mentioning them, said Chipotle shares were trading too high and that Yum! would be a primary competitor moving forward. He said Taco Bell is on a reassurance and recently posted same store sales growth of 13 percent, versus 8 percent for Chipotle.
Some of those comments may be on the backburner, with Chipotle up 1 percent Wednesday.
For its third-quarter, Yum! -- the owner of such brands as KFC and Taco Bell -- said earnings rose 19 percent to 99 cents per share, besting views by two cents. Sales in China popped 22 percent in the period. For more color on Yum!'s results, click here.
Recently, Greenlight Capital's David Einhorn, known for moving stocks by simply mentioning them, said Chipotle shares were trading too high and that Yum! would be a primary competitor moving forward. He said Taco Bell is on a reassurance and recently posted same store sales growth of 13 percent, versus 8 percent for Chipotle.
Some of those comments may be on the backburner, with Chipotle up 1 percent Wednesday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- CEMEX, S.A.B. de C.V. (CX) Tops Q1 EPS by 5c
- HP Inc. (HPQ) Climbs Following Stake by Greenlight Capital
Create E-mail Alert Related Categories
Earnings, Hedge Funds, Trader TalkRelated Entities
Greenlight Capital, David Einhorn, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
