Chipotle Stock and Sales Burning Hot

Chipotle brings the heat.  The company isn’t just hot right now; It’s burning hot.  The Mexican restaurant chain’s shares rose more than 9 percent in after-hours trading last week, up $54.57 to $644.85. This may be in part to the company’s second quarter same-store sales, which jumped 17.3 percent for the second quarter of 2014. 

Unlike other fast-food chains, which could only post extraordinary quarterly results like Chipotle’s with a new product roll-out or promotional tie-in, the company only new product was Tofu Sofritas, organic tofu pegged toward vegetarians. Not to mention, the company announced an increase in menu prices for the first time in three years. 

Steve Ells, founder of Chipotle, said the company has seen more traffic in during this period. Consumers, specifically Millennials, choose the company for its healthier food offerings and reasonably modest prices. The chain has also increased its catering business. “These extraordinary results are made possible by our special food culture, innovative people culture and strong business model,” Ells said.

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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