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Nick Setyan, Wedbush Securities analyst, weighs in on the fate of Chipotle ahead of the company’s earnings report.
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Companies can report after the close -- the city near an all time high is there more room to run as fast food chain.
Again reports earnings today except in its equity research analyst at what bush securities -- -- -- neck.
Hi -- -- -- good said this is a company to -- that's touched a record -- some 43 times this year I mean.
Does the company have to come out with.
A stellar report otherwise being at risk for crashing the stock price just crashing.
And I think it does have -- put up some really good numbers however last time it.
It up perhaps a little below by set expectations are so many people are we're sure -- the friend that.
The that -- Covering actually help the stock go up next day.
-- the technicals were involved but what about some of the fundamentals specifically margins.
A lot of analysts' concerns here about the cost of food and packaging as a percentage of sales being squeezed because of the higher food and other commodities costs -- -- -- the evidence of that what's your outlook for inflation and its impact on chipotle.
Oh sure I think -- costs are big had to -- them their biggest costs obviously is there's beef however there's no one in the industry.
In my at least all the companies that I look at that has better pricing power knowing out there has -- the way they -- out the door they're the only one in my opinion that's.
Really just have to worry worry about converting demand has posted generating demand and so they really can take pricing as needed to offset much of this inflation.
A case of the shares down a little bit before the call tonight is that a sign that.
To toll may disappoint us.
I think that say and the market overall as is being pressured today and we'll isn't down with the market.
Expectations have there really really increase that recently.
Some -- some people are being a little bit cautious but I do think that we're gonna have found results.
Are expecting an equity research and -- what bush securities.
I -- partly out -- we've been saying after the bell along with Microsoft and Capital One David Asman and Iowa quality earnings action for you today at 4 PM eastern Joanna.
