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PREVIEW: Chipotle shares edge down; Q3 EPS, rev seen rising



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** Shares in Chipotle Mexican Grill CMG.N off 0.08% on Tuesday ahead of quarterly report due after market close

** Wall Street sees the chain restaurant reporting adj EPS of $0.25 vs $0.23 in year-ago-quarter on rev of $2.82 bln, which would be up ~14% y/y according to latest LSEG data

** In last 8 quarters CMG met or beat consensus rev est 5 times while EPS beat 7 times

** Wall Street sees CMG's Q3 same-store-sales rising 6.25% vs ~11% in Q2, as per LSEG

** CMG announced in August CEO Brian Niccol was leaving to run coffee chain Starbucks SBUX.O, investors welcomed choice of COO Scott Boatwright as interim CEO

** In July CMG beat quarterly sales, profit ests as demand for rice bowls, burritos held up even as prices increased

**YTD shares in CMG up ~32% vs 12% gain for S&P 1500 Hotels Restaurants & leisure index .SPCOMHRL

** CMG shares last traded at $60.55 vs median PT of $66, as per LSEG, which shows 35 analyst ratings: 14 'strong buy,' 10 'buy' and 11 'hold'


(Reporting By Sinéad Carew)

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