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

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

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

ZOES[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.

More Stocks in the News

  1. ZOES: http://studio-5.financialcontent.com/investplace/quote?Symbol=ZOES
  2. CMG: http://studio-5.financialcontent.com/investplace/quote?Symbol=CMG
  3. [Image]: https://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
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