3 Stocks Pushing The Services Sector Downward

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 7 points (0.0%) at 16,563 as of Tuesday, Aug. 12, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,349 issues advancing vs. 1,605 declining with 179 unchanged.

The Services sector currently sits down 0.4% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include Caesars Entertainment ( CZR), down 11.6%, 51job ( JOBS), down 8.5%, TeleTech Holdings ( TTEC), down 7.1%, Convergys Corporation ( CVG), down 6.4% and CST Brands ( CST), down 5.4%. Top gainers within the sector include Mattress Firm ( MFRM), up 4.2%, Fastenal ( FAST), up 2.2%, Hertz Global Holdings ( HTZ), up 2.1%, VCA ( WOOF), up 2.0% and Grupo Aeroportuario del Pacifico SAB de CV ( PAC), up 1.9%.

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 $3.44 (-0.5%) to $677.10 on light volume. Thus far, 114,633 shares of Chipotle Mexican Grill exchanged hands as compared to its average daily volume of 442,600 shares. The stock has ranged in price between $672.00-$679.66 after having opened the day at $677.63 as compared to the previous trading day's close of $680.54.

Chipotle Mexican Grill, Inc., together with its subsidiaries, develops and operates fast-casual and fresh Mexican food restaurants. As of July 21, 2014, it operated approximately 1,600 restaurants; and 7 ShopHouse Southeast Asian Kitchen restaurants. Chipotle Mexican Grill has a market cap of $20.8 billion and is part of the leisure industry. Shares are up 27.7% year-to-date as of the close of trading on Monday. Currently there are 12 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 is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Chipotle Mexican Grill Ratings Report now.

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