It's Not Yet Time to Buy Chipotle
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics relating to their 10-Bagger portfolio.
Chipotle gave a disappointing earnings report and the stock fell hard. But it's not time to buy just yet. Sales grew about 21%, but missed expectations. Same-stores sales came in lower than analysts forecasted, too. Chipotle isn't the only restaurant to miss earnings. Yum! Brands also came up a little shy. John and David really like Chipotle. It has great management, and a lot of growth ahead of it. Given its comments about a slowdown, however, it's probably wise to wait a bit longer before picking up shares. John and David definitely see a future opportunity here.
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The article It's Not Yet Time to Buy Chipotle originally appeared on Fool.com.John Reeves owns shares of Chipotle Mexican Grill. David Meier does not own any of the shares mentioned. The Motley Fool owns shares of Buffalo Wild Wings, Chipotle Mexican Grill, McDonald's, and Panera Bread. Motley Fool newsletter services recommend Buffalo Wild Wings, Chipotle Mexican Grill, McDonald's, Panera Bread, and Yum! Brands. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.