Chipotle says company-wide trends have never been stronger Says there are more location opportunities for the company to expand their presence. Says seeing little or no resistance to increases in menu prices. Says new restaurants in overseas markets are starting out the exact same as new restaurants in the U.S. Says excited about potential in overseas restaurants. Says seeing good comps. in overseas markets. Comments made at the William Blair 34th Annual Growth Stock 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.