This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Chipotle Hits 52-Week High on Earnings

Stocks in this article: CMG MCD

(Chipotle article updated with information on shares reaching a 52-week high.)

NEW YORK ( TheStreet) -- Shares of Chipotle (CMG) surged to a 52-week high in after-hours trading on Thursday after the fast-food chain handily beat expectations and reported a 39.9% rise in earnings for the third quarter.

Shares traded up more than 6% after the closing bell to crest $190 per share.

For the three months ended Sept. 30, the Denver-based fast-food restaurant chain reported earnings of $48.2 million, or $1.52 per diluted share, compared with earnings of $34.5 million, or $1.08 per share, in the same period a year ago.

Analysts had expected earnings of $1.31 per share according to

>> Restaurant Stocks: Earnings to Watch

Chipotle three-month revenue vaulted 23% to $476.9 million from $387.6 million, driven primarily by the expansion of the company's store base and a 11.4% growth in comparable-store sales.

During the quarter, Chipotle opened 22 new restaurants, bringing the total restaurant count to 1,023.

For the nine months to date, Chipotle saw earnings vault 39.1% to $132.5 million, or $4.18 per share, compared with earnings of $95.2 million, or $95.2 million, in the same period a year ago.

Chipotle nine-month revenue increased 19.7% to $1.35 billion from $1.13 billion.

Chipotle anticipates opening between 135 and 145 additional restaurants next year.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs