Both fast food giants fell short of Wall Street estimates, but Chipotle's stock has been hit harder.
McDonald's stock was up 1.84 percent to $96.62 in mid-day while Chipotle's was down 6.39 percent to $647.33.
Senior research analyst at Piper Jaffray, Nicole Miller Regan, pointed that it was important to be careful around earnings as "these stocks are trading on sentiments more than they are on fundamentals."
Chipotle reported $1.09 billion in revenue, falling short of the $1.11 billion estimate by analysts. McDonald reported $5.96 billion in revenue and with adjusted earnings per share at $1.01, falling under the earnings per share estimate of $1.06.
While Chipotle fell short of estimates for comparable store sales growth in the first quarter, it still maintains high comps, up 10.4 percent, while McDonald's same-store sales were down 2.3 percent globally.
Regarding Chipotle, Regan said that there were no worries when it came to the brand itself since the company has one of the best management team.
"Today would be a good day to hop in and buy the stock," said Regan to CNBC.