Chipotle stock price dips on moderate projections for 2015

Chipotle stock price dips on moderate projections for 2015

Analysts say fast-casual chain has plenty of growth opportunity ahead

After reporting yet another stellar quarter, Chipotle Mexican Grill’s stock price dipped Tuesday after executives warned of higher food costs in 2015, and gave a relatively modest projection for sales growth, given tough comparisons ahead.

Despite a nearly 57-percent increase in third-quarter net income, reported Monday, Chipotle’s stock price dipped more than 6 percent in early trading Tuesday, to $611 per share, based on the lower-than-expected outlook.

The Denver-ba

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