Stephen Anderson, senior restaurant and consumer analyst at Maxim Group, spoke on CNBC's "Closing Bell" about Chipotle Mexican Grill, Inc. (NYSE:CMG) after it reported an earnings beat.
He said the company posted great numbers, especially on the digital side, which is now around 18% of its total sales. Anderson added that the CEO restored the company's culture.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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See Also: Chipotle Higher After Q2 Earnings Beat, Comps Up 10%
The analyst believes Chipotle's valuation is a little bit stretched at this point and he wouldn't be surprised to see a pullback.
Chipotle traded up more than 3.4% to $764.83 in after-hours trading.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.