- SunTrust Robinson Humphrey says "dramatically lower" avocado prices could help lift profit at Chipotle (CMG -0.5%) this quarter and potentially into 2017.
- Food costs rose 210 bps to 35.1% of sales for Chipotle in Q3, due in part to avocado pricing.
- Analyst Jake Bartlett still has a Q4 EPS estimate of $0.95 for CMG vs. the Street consensus of $1.06.
- Source: Bloomberg
Avocado pricing working in favor of Chipotle
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Symbol | Last Price | % Chg |
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CMG | - | - |
Chipotle Mexican Grill, Inc. |