CMG, LVS And SBUX, 3 Services Stocks Pushing The Sector Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 4 points (0.0%) at 16,511 as of Wednesday, April 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,718 issues advancing vs. 1,280 declining with 133 unchanged.

The Services sector currently sits down 0.2% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Netflix ( NFLX), down 5.0%, Melco Crown Entertainment ( MPEL), down 2.7%, Ctrip.com International ( CTRP), down 2.5%, Burger King Worldwide ( BKW), down 2.2% and Wynn Resorts ( WYNN), down 1.9%. Top gainers within the sector include ManpowerGroup ( MAN), up 8.1%, Delta Air Lines ( DAL), up 5.2%, Sears Holdings ( SHLD), up 4.3%, Alaska Air Group ( ALK), up 2.8% and Royal Caribbean Cruises ( RCL), up 1.6%.

TheStreet would like to highlight 3 stocks pushing the sector lower today:

3. Chipotle Mexican Grill ( CMG) is one of the companies pushing the Services sector lower today. As of noon trading, Chipotle Mexican Grill is down $9.52 (-1.9%) to $503.15 on average volume. Thus far, 280,832 shares of Chipotle Mexican Grill exchanged hands as compared to its average daily volume of 629,000 shares. The stock has ranged in price between $502.44-$511.95 after having opened the day at $511.01 as compared to the previous trading day's close of $512.67.

Chipotle Mexican Grill, Inc. develops and operates fast casual and fresh Mexican food restaurants. Its restaurants primarily offer burritos, tacos, burrito bowls, and salads. As of October 15, 2013, the company operated approximately 1,500 restaurants. Chipotle Mexican Grill, Inc. Chipotle Mexican Grill has a market cap of $15.7 billion and is part of the leisure industry. Shares are down 3.8% year-to-date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Chipotle Mexican Grill a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Chipotle Mexican Grill as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Chipotle Mexican Grill Ratings Report now.

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