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NEW YORK, April 26 (Reuters) - Shares of Chipotle Mexican Grill Inc (CMG.N) soared to a record high on Wednesday after the burrito chain beat analysts' estimates for first-quarter profit and sales. Chipotle said its revenue rose 17% year-on-year to $2.4 billion, driven by higher restaurant sales, 41 new store openings, and increased demand from lower-income customers. Net income rose to $291.6 million, up 84% from the previous year, helped by lower avocado prices and lower delivery expenses. Chipotle's shares rose 14% to $2,030 in afternoon trading. More than a dozen Wall Street analysts hiked their price targets on the stock in reaction to the company's report.
Currently, "Fry Cook," "Short Order Fry Cook" and "Fast Food Fry Cook" are all available as job titles on the platform. In 2015, LinkedIn cofounder Allen Blue told The Financial Times there was "a growing number of blue-collar workers on the site." Even so, blue-collar workers — those in trade sectors like construction who work outside of office settings — say they're not yet seeing the benefits in their job hunts. Courtesy of: Darren RamboRambo says he uses LinkedIn "to read or as something to look at when I'm bored. Sonja Wiltz, a 54-year-old construction safety coordinator, says, "All the years I've been on LinkedIn, I've never gotten a job on there."
Blackstone has been exercising its right to block investor withdrawals from BREIT since November last year after requests exceeded a preset 5% of the net asset value of the fund. BREIT fulfilled withdrawal requests of $666 million in March, representing only 15% of the $4.5 billion in total redemption requests for the month, the firm said in a letter to investors. Total redemption requests for March were 15% higher than the approximately $3.9 billion demanded by investors in February but 16% lower than the $5.3 billion Blackstone received in January. The level of withdrawal requests is expected to normalize over time as Blackstone works through its backlog, Blackstone President Jonathan Gray said during an analyst earnings call in January. Blackstone shares were down 3.7% to $84.6 per share, in line with the broader market, which was also trading lower.
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