ZOES, CMG: Zoe’s Kitchen Shares Soar After Chipotle Shares Sizzle

ZOES stock is up about 4.5% Thursday

   

ZOES, CMG: Zoe’s Kitchen Shares Soar After Chipotle Shares Sizzle

Zoe’s Kitchen’s (ZOES) stock skyrocketed on Thursday following Chipotle’s (CMG) quarterly earnings report.

Zoes Kitchen 300x300 ZOES, CMG: Zoe's Kitchen Shares Soar After Chipotle Shares SizzleThe Mexican food chain’s first-quarter revenue easily topped analysts’ estimates. ZOES stock is up about 4% on Thursday following the report.

Chipotle’s March sales rose 24% to $904.2 million, making it the chain’s largest quarterly gain in two years. Analysts projected $873.5 million in March sales and an 8.8% increase.

Zoe’s Kitchen only has 111 restaurants in the U.S., but analysts see ZOES stock as having plenty of upside despite being a bit pricey.

CMG stock is down about 1.6% in early afternoon trading Thursday.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/04/zoes-cmg-zoes-kitchen-chipotle/.

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