Chipotle says customers moving from steak to chicken Chipotle says high beef prices may be lowering demand and moving customers to chicken. The company repeated its view of opening 180-195 stores this fiscal year. The company said its sees "exciting" growth prospects for all three of its concepts, including its flagship brand and its newer Asian and pizza concepts. Chipotle co-CEOs Steve Ells and Monty Moran are presenting at the Sanford C. Bernstein Strategic Decisions conference.
Chipotle Q1 results at modest risk from pork disruption, says Miller Tabak Miller Tabak credits Chipotle for being proactive and not selling pork that did not meet their standards, but also believes that the pork supply disruption adds modest risk to the company's Q1 result. Assuming a full-quarter disruption at one-third of Chipotle locations, the firm would lower its Q1 same-store sales estimate to 10%-10.3% from its current 11% growth projection. Miller Tabak maintains its Hold rating and $710 fair value estimate on Chipotle shares.