Chipotle (CMG): Foot Traffic Versus Food Prices

<p>The CMG stock price today was down over 6%. Chipotle sees fourth quarter comparable restaurant sales growth in mid-to-high single digits. "The Chipotle (CMG) dynamic of foot traffic versus prices is disjointed. In the upcoming projected quarter, there will be an 15% price increase with a 5% decline in traffic. Chipotle will lean more into their loyalty program and a bump in their marketing budget," says Andrew Charles.</p>