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News Breaks | | | | January 16, 2013 | | 09:32 EDT |  | CMG | Chipotle gaps down sharply after preliminary Q4 earnings miss expectations
The stock is down over 10% at time of writing after the company reported preliminary Q4 earnings that broadly missed expectations. At the current indication of $268.49, support is at $260.01, a prior pivot low, and then at $253.39, another pivot low. Resistance is at $271.84. | |
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News For CMG From The Last 14 Days Check below for free stories on CMG the last two weeks. |
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| June 13, 2013 | | 06:54 EDT |  | CMG | Chipotle Q2 same-store-sales estimate raised to 4% from 3% at Wedbush
Wedbush's Chipotle checks indicate Q2 same-store-sales are tracking slightly ahead of Street estimates of 3.8% driven by increased marketing, improved throughput, and new menu items. Checks also indicate catering is strong and is seeing increased traction and that a price increase in the 3-5% range is likely in 2H 2013 given increased commodity costs. The analyst raised estimates given strong comps and raised its price target to $420 from $400. Shares are Outperform rated. | | | June 7, 2013 | | 09:45 EDT | | CMG | Chipotle Q2 revenue forecast slightly below Street at ITG Research
 Subscribe for More Information | | | June 4, 2013 | | 12:21 EDT |  | CMG | Gundlach not short Chipotle, says target short level was $380 per share
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