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Monday, October 20, 2014

Chipotle third-quarter restaurant sales soar, (NYSE: CMG)

Chipotle Mexican Grill Inc on Monday reported better-than-expected growth in sales at established restaurants after diners appeared to shrug off price increases at the burrito chain known for serving antibiotic-free meats and organic produce. Sales at restaurants open at least 13 months, a closely watched gauge of industry performance, soared 19.8 percent for the quarter. Two dozen analysts polled by Consensus Metrix expected same-restaurant sales to jump 17.2 percent for the quarter.

Chipotle Mexican Grill, Inc. (Chipotle) operates Chipotle Mexican Grill restaurants. Shares of CMG traded higher by 1.76% or $11.3101/share to $653.03. In the past year, the shares have traded as low as $472.41 and as high as $697.93. On average, 417068 shares of CMG exchange hands on a given day and today's volume is recorded at 1216053.