Chipotle Mexican Grill, Inc. (CMG) reported its fourth-quarter results on February 6. The company comfortably surpassed Wall Street’s EPS and revenue estimates. In this piece, I have discussed why it could be prudent to wait for a better entry point in the stock now despite the better-than-expected results.
For the fourth quarter, CMG’s EPS was 6.5% above the consensus estimate, and its revenue was 1.1% higher than the analyst estimates. The company continued its stellar earnings history, beating the consensus EPS estimate in each of the trailing four quarters.
