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

by Karl Utermohlen | April 17, 2014 12:43 pm

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

Zoe’s Kitchen’s (ZOES[1]) stock skyrocketed on Thursday following Chipotle’s (CMG[2]) quarterly earnings report.

Zoes Kitchen 300x300 ZOES, CMG: Zoes Kitchen Shares Soar After Chipotle Shares Sizzle[3]The Mexican food chain’s first-quarter revenue[4] 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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Endnotes:
  1. ZOES: http://studio-5.financialcontent.com/investplace/quote?Symbol=ZOES
  2. CMG: http://studio-5.financialcontent.com/investplace/quote?Symbol=CMG
  3. [Image]: http://investorplace.com/wp-content/uploads/2014/04/Zoes-Kitchen.jpg
  4. first-quarter revenue: http://seekingalpha.com/news/1679843-zoes-kitchen-takes-off-after-chipotle-pulls-a-double-digit-comp
  5. 3 Unexpected Stocks to Buy in a Market Crash: http://investorplace.com/2014/04/stocks-to-buy-sbux-iac/#.U1AETKiwXRE
  6. Biggest Movers in Energy Stocks Now: http://investorplace.com/2014/04/biggest-movers-in-energy-stocks-now-alj-eca-wnr-rose-alj-eca-wnr/#.U1AES6iwXRE
  7. Hottest Healthcare Stocks Now: http://investorplace.com/2014/04/hottest-healthcare-stocks-now-lci-lgnd-agn-act-lci-lgnd-agn/#.U1AET6iwXRE

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