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

Rating:
Hold CMG

Chipotle Mexican Grill, Inc. (CMG) rated Hold with price target $60 by Wedbush Morgan

Posted on: Wednesday,  Jan 14, 2009  9:25 AM ET by Wedbush Morgan

Chipotle Mexican Grill (CMG)
rated Hold with price target $60 by Wedbush Morgan.

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.

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/14/2009 9:25 AM Hold
None
51.46 60.00
as of 12/24/2008
1 Week   
1 Month   
3 Months   
1 YTD up  59.28 %

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