Why Chipotle Mexican Grill (cmg) Stock Is Higher Today

NEW YORK (TheStreet) -- Shares of Chipotle Mexican Grill Inc. are up 3.01% to $569 after the restaurant chain reported financial results for its first quarter ended March 31, 2014. Revenue increased 24.4% to $904.2 million, comparable restaurant sales increased 13.4%, and restaurant level operating margin was 25.9%, a decrease of 40 basis points. Net income was $83.1 million, an increase of 8.5%, diluted earnings per share was $2.64, an increase of 7.8%. The company said it opened 44 new restaurants Must Read: Warren Buffett's 10 Favorite Growth Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months.

BING NEWS:
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  • Chipotle Mexican Grill Inc Chairman and CEO Brian Niccol Sells 6,406 Shares
    Brian Niccol, the Chairman and Chief Executive Officer of Chipotle Mexican Grill Inc (NYSE:CMG), sold 6,406 shares of the company.
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