Seeking Alpha

Chipotle (CMG +1.4%) sticks its neck out into positive territory after CFO Jack Hartung hits Mad...

Chipotle (CMG +1.4%) sticks its neck out into positive territory after CFO Jack Hartung hits Mad Money to note the company will be "opportunistic" when it buy its stock back and highlights in detail that the so-called slump in same-store sales is mainly due to pricing increases that rolled off. (video w/Cramer)
Comments (3)
  • Did they ever say at what price they're going to start buying back the stock?
    23 Oct 2012, 12:32 PM Reply Like
  • He said they've been buying back at an average price of $117
    23 Oct 2012, 01:00 PM Reply Like
  • He said they bought it back at some time in the distant past at $117 and that they were currently buying some back.

     

    It would be a good price at around $150, especially if they would pay even a token dividend. If they care about their shareholders, they will put their money where their mouth is and pay some kind of dividend.

     

    The thing the CEO said about their customers and the stock, though, was that he hoped some of the loyal Chipotle customers would start buying or buying more stock out of faith and loyalty to Chipotle or something to that effect.
    23 Oct 2012, 03:21 PM Reply Like
DJIA (DIA) S&P 500 (SPY)