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Avocado pricing working in favor of Chipotle

Nov. 29, 2016 12:46 PM ETChipotle Mexican Grill, Inc. (CMG) StockCMGBy: Clark Schultz, SA News Editor2 Comments
  • 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

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