The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics relating to their 10-Bagger portfolio.
Chipotle gave a disappointing earnings report and the stock fell hard. But it’s not time to buy just yet. Sales grew about 21%, but missed expectations. Same-stores sales came in lower than analysts forecasted, too. Chipotle isn’t the only restaurant to miss earnings. Yum! Brands also came up a little shy. John and David really like Chipotle. It has great management, and a lot of growth ahead of it. Given its comments about a slowdown, however, it’s probably wise to wait a bit longer before picking up shares. John and David definitely see a future opportunity here.
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