Shares of Chipotle (CMG) shed 10.7% in premarket trading after the company estimated its Q4...

|About: Chipotle Mexican Grill, Inc. (CMG)|By:, SA News Editor

Shares of Chipotle (CMG) shed 10.7% in premarket trading after the company estimated its Q4 profit would fall well-below the estimate of analysts. Analysts think Chipotle's warning on food costs could cut a wide swath across the quick-service restaurant sector with the introduction of more dollar value menus making price hikes trickier.