Goldman Sachs Keeps Top Rating on Chipotle Mexican Grill (CMG) Following Q2 EPS Miss

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July 20, 2011 9:02 AM EDT
Get Alerts CMG Hot Sheet
Price: $35.29 --0%

Rating Summary:
    36 Buy, 14 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Goldman Sachs commented on Conviction Buy List-rated Chipotle Mexican Grill (NYSE: CMG) following Q2 results after the close that slightly missed estiamtes.

The firms is reiterated their Buy rating saying, "robust SSS indicate strong underlying business trends, while the margin pressures are likely fleeting."

Goldman raised SSS estimates for 2011/2012 to 10.2% and 8.9% respectively. On margins, the firm said restaurant-level margins from food inflation will
ease as price increases are implemented in 3Q11. Also, immigration-related legal costs will eventually dissipate.

For more ratings news on Chipotle Mexican Grill click here and for the rating history of Chipotle Mexican Grill click here.

Shares of Chipotle Mexican Grill closed at $333.71 yesterday.

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