The Ratings Game: Chipotle’s data breach can’t stop the company’s recovery

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Chipotle’s same-store sales growth was 17.8% in the first quarter

Chipotle Mexican Grill Inc.’s recovery is well under way and shows no signs of slowing, analysts said Wednesday.

The fast-casual restaurant chain reported earnings of $1.60 per share and sales of $1.07 billion for the first quarter. The FactSet EPS consensus was $1.28, and the sales estimate was $1.05 billion. Same-store sales rose 17.8%, beating the 14.9% FactSet consensus.

Shares of Chipotle CMG, +2.74% are up 4.1% in Wednesday trading.

“Chipotle’s same-store sales accelerated in the first quarter and we believe the drivers are in place to sustain the recovery,” wrote SunTrust Robinson Humphrey in a Tuesday note.

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