Wednesday, October 26, 2016 1:57:41 PM
CMG trades down to PNRA forward PE 25, a $220 stock
if 2017 estimates likely comes down to $8.5 like many
lower to this range today, cost will increase with
marketing spending which will bring CMG net profit margin
in line with PNRA and BWLD to about 5.5%, IMO.
Q4 starts bad too:
Speaking during the company's Q3 earnings conference call earlier, Chipotle CFO John Hartung said, "While October comps for the first two weeks were affected by Hurricane Matthew and were down about 21%, the past ten days have recovered and normalized and were down around 19%. While we're not satisfied with still being down around 19%, we continue to see small but steady progress month after month." Read more at: http://thefly.com/landingPageNews.php?id=2449840
Read more at:
http://thefly.com/landingPageNews.php?id=2449840
Recent CMG News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/23/2024 08:47:15 PM
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