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Chipotle Mexican Grill, Inc. (CMG) [hlAlert]

Rating:
Hold CMG

Chipotle Mexican Grill, Inc. (CMG) rated Hold by Morgan Joseph

Posted on: Wednesday,  May 21, 2008  10:25 AM ET by Morgan Joseph

Chipotle Mexican Grill
(CMG) rated Hold by Morgan Joseph.

Chipotle Mexican Grill, Inc. develops and operates fast-casual, fresh Mexican food restaurants in 33 states throughout the United States, the District of Columbia and Ontario, Canada. It operates Mexican food restaurants serving burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. The Company operated 837 restaurants in 33 states throughout the United States, the District of Columbia, and Toronto, Canada as of December 31, 2008. Its restaurants serve a menu of tacos, burritos, salads and burrito bowls (a burrito without the tortilla), made using fresh ingredients. Chipotle categorizes its restaurants as either end-caps (at the end of a line of retail outlets), in-lines (in a line of retail outlets), free-standing or other. Of its restaurants in operation as of December 31, 2008, it had 180 free-standing units, 496 end-cap locations, 135 in-line locations and 26 other. The average restaurant size is about 2,600 square feet and seats about 60 people.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/21/2008 10:25 AM Hold
None
87.36
as of 12/24/2008
1 Week up  3.43 %
1 Month up  27.08 %
3 Months up  67.45 %
1 YTD down  -6.16 %

(*) Stock Price at the time of the recommendation.
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