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Heading into Chipotle's (CMG -1.8%) release of Q3 earnings, Tiburon Research Group backs the...

Heading into Chipotle's (CMG -1.8%) release of Q3 earnings, Tiburon Research Group backs the name for a solid earnings beat. The firm sees EPS of $2.39, beating estimates by a dime and has Q4 EPS lined up at $2.23. Chipotle's top-line deceleration has overshadowed what's been solid restaurant margin gains. (research report .pdf)
Comments (9)
  • Jason Tillberg
    , contributor
    Comments (1236) | Send Message
     
    I believe the margin gains have been on account of price increases.. which frankly have little if any room left to grow.

     

    Olive Garden is running a buy one dinner and take one home for free!

     

    http://bit.ly/T1Ks7y

     

    time to start cutting prices if you want to have customers is now the name of the game with $4+ gas in the northeast at least.
    18 Oct 2012, 01:58 PM Reply Like
  • Jeff Mattthews Snarky Turd
    , contributor
    Comments (16) | Send Message
     
    I'll bet you a six pack that they miss your $2.39 and the Street's $2.30.

     

    You are low on food cost, other operating expense and G&A but you look good on revenue.

     

    $2.12 is more like it.
    18 Oct 2012, 02:33 PM Reply Like
  • leokaplin
    , contributor
    Comments (202) | Send Message
     
    don't get einhorned!!!!!!!
    18 Oct 2012, 02:50 PM Reply Like
  • emburns
    , contributor
    Comments (218) | Send Message
     
    lol... if they miss, I'm calling they open below 250 tomorrow.
    18 Oct 2012, 03:19 PM Reply Like
  • emburns
    , contributor
    Comments (218) | Send Message
     
    I don't want to say I told you so..but...my puts are going to be up 700%.
    18 Oct 2012, 04:50 PM Reply Like
  • Joel M
    , contributor
    Comments (57) | Send Message
     
    Well, looks like Tiburon made a bad call.
    18 Oct 2012, 04:09 PM Reply Like
  • Jeff Mattthews Snarky Turd
    , contributor
    Comments (16) | Send Message
     
    Other operating expense not as bad as I feared. New units worse.

     

    Now look for year-end selling. No fund manager wants his holders to know he was Einhorned.

     

    Flat comps in 2013?
    18 Oct 2012, 04:37 PM Reply Like
  • Jeff Mattthews Snarky Turd
    , contributor
    Comments (16) | Send Message
     
    Sierra Nevada Torpedo...cold
    19 Oct 2012, 09:34 AM Reply Like
  • leokaplin
    , contributor
    Comments (202) | Send Message
     
    you have been einhorned, as promised!
    19 Oct 2012, 10:40 AM Reply Like
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