Chipotle Shares Fall Despite Continued Traffic Gains. Is This a Buying Opportunity for the Stock?
Chipotle Mexican Grill (NYSE: CMG) slipped following the release of its fourth-quarter results, despite the company reporting continued gains in traffic. As of this writing, the stock is down 5% year to date, extending its two-month decline to 12%.Let's delve into Chipotle's recent earnings to see if now is a good time to buy the stock.The popular fast-casual restaurant chain once again put up solid quarterly results that would be the envy of most quick-service restaurants. Revenue climbed 13% year over year to $2.85 billion, which met analyst expectations. Comparable-restaurant sales jumped 5.4%, slightly below the 5.7% increase expected by analysts, as compiled by StreetAccount.Continue reading
Chipotle Mexican Grill (NYSE: CMG) slipped following the release of its fourth-quarter results, despite the company reporting continued gains in traffic. As of this writing, the stock is down 5% year to date, extending its two-month decline to 12%.
Let's delve into Chipotle's recent earnings to see if now is a good time to buy the stock.
The popular fast-casual restaurant chain once again put up solid quarterly results that would be the envy of most quick-service restaurants. Revenue climbed 13% year over year to $2.85 billion, which met analyst expectations. Comparable-restaurant sales jumped 5.4%, slightly below the 5.7% increase expected by analysts, as compiled by StreetAccount.
