{"id":37063,"date":"2015-10-22T08:38:30","date_gmt":"2015-10-22T12:38:30","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=37063"},"modified":"2015-10-22T08:50:13","modified_gmt":"2015-10-22T12:50:13","slug":"chipotle-mexican-grill-inc-nysecmg-hints-at-sloppy-sales-in-october-quarter","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/chipotle-mexican-grill-inc-nysecmg-hints-at-sloppy-sales-in-october-quarter-37063","title":{"rendered":"Chipotle Mexican Grill, Inc. (NYSE:CMG) Hints At Sloppy Sales In October Quarter"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Chipotle Mexican Grill, Inc. (NYSE:CMG)<\/strong> opened at $650 yesterday and the closing price was much higher at $666 but the stock actually ended the last trading session with a major loss of 5.66%. The magnitude of the loss could be downplayed if the volatility of the stock was not so low. In this case, the decline with the huge gap down signalled a major damage to the structure and a significant failure on the part of the bulls to contain the price at the higher levels. More downside is expected in the coming weeks.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/10\/CMG.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-37073\" src=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/10\/CMG.jpg\" alt=\"CMG\" width=\"647\" height=\"472\" srcset=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/10\/CMG.jpg 647w, https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/10\/CMG-300x219.jpg 300w, https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2015\/10\/CMG-75x55.jpg 75w\" sizes=\"(max-width: 647px) 100vw, 647px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">The challenging market conditions may affect the financial results, especially sales of Chipotle Mexican Grill, Inc. (NYSE:CMG). As per the <a href=\"http:\/\/seekingalpha.com\/news\/2843146-chipotle-tips-sluggish-start-to-q4?source=otcmarkets\">reports<\/a>, company&#8217;s comparable-store sale for Q32015 is slight below 2.6% as compared to last year&#8217;s sales figures.<\/p>\n<p style=\"text-align: justify;\">This growth rate beat the consensus estimate of 2.4%, thereby giving Chipotle an edge over other rivals in the market. Although, the performance was better than what market predicted, Chipotle couldn&#8217;t surpass its <a href=\"http:\/\/seekingalpha.com\/news\/2841306-comp-sales-growth-falls-below-3-percent-at-chipotle?source=otcmarkets\">growth figure<\/a> of 4.3% that it achieved in the previous quarter.<\/p>\n<p style=\"text-align: justify;\"><strong>Insights On Matter<\/strong><\/p>\n<p style=\"text-align: justify;\">Chipotle Mexican is trying every bit possible to keep the cost down. In this series, the company will keep its marketing cost under control. It estimates that overall marketing expenses in 2016 will be 1.5%-1.6% of yearly sales.<\/p>\n<p style=\"text-align: justify;\">Along with expenses, Chipotle has also been focusing on its servicing part. Reports claim that the critical lunchtime throughput rate of the company hit its peak in the previous year. The senior management team is trying its best to bring the rate down.<\/p>\n<p style=\"text-align: justify;\"><strong>Driving Force Behind Overall Growth<\/strong><\/p>\n<p style=\"text-align: justify;\">Chipotle increased the price of food items in its menu that ultimately helped it enjoying better than expectations market growth. Based on company&#8217;s performance, experts have given their outlook for the entire year saying that it would remain in the low to middle-single-digit level.<\/p>\n<p style=\"text-align: justify;\">In 2014, Chipotle Mexican Grill, Inc. (NYSE:CMG) had announced to open about 190 to 215 new restaurants, while this year it has announced to open 2015-225 new restaurants. Next year, as the market conditions improve, the company expects to open another 220-235 new restaurants.<\/p>\n<p style=\"text-align: justify;\">The senior management of the company is delighted to enjoy the growth of Chipotle as of now and hopes that things will continue to improve with the passage of time. One of the spokespersons of the company said that Chipotle will keep all of its investors abreast about company&#8217;s progress in the coming months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chipotle Mexican Grill, Inc. (NYSE:CMG) opened at $650 yesterday and the closing price was much higher at $666 but the stock actually ended the last [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":33350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[2936,3492,2937],"stock_ticker":[],"class_list":["post-37063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-chipotle-mexican-grill-inc-nysecmg","tag-chipotle-mexican-grill-inc","tag-nysecmg","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chipotle Mexican Grill, Inc. 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