Covering Chipotle (CMG) 3Q Earnings

<p>Chipotle (CMG) reported earnings with a beat on EPS and revenue. They have a labor efficient model and high digital sales, says Andrew Charles of Cowen. He points out strong sales, but higher steak prices. Cowen has an outperform rating and $2,250 price target on the stock of CMG. They are confident Chipotle can beat its 4Q comps. Tune in for more details. </p><p><br></p>