Chipotle (CMG) Execs Plan Price Increases in Mid-2013; See Food Inflation Leveling
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January 16, 2013 7:20 AM EST
Jefferies reiterated its Underperform rating and $215 price target on Chipotle Mexican Grill (NYSE: CMG) following lower Q4 numbers.
The company said it sees diluted earnings per share in the range of $1.92 to $1.97, versus the consensus of $2.09. Revenue expected to increase 17.2% to $699.2 million. The Street... More
January 16, 2013 6:02 AM EST
Chipotle Mexican Grill (NYSE: CMG) reported preliminary unaudited results for its fourth quarter ended December 31, 2012.
Highlights of expected results for the fourth quarter of 2012 include:
* Diluted earnings per share expected to be in the range of $1.92 to $1.97. The Street sees EPS of $2.09.
* Revenue expected to increase 17.2% to $699.2 million. The Street sees revs of $690.86 million.
* Comparable restaurant sales... More
