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

Rating:
Underperform
CMG
down 89.95 %

Chipotle Mexican Grill, Inc. (CMG) rated Underperform with price target $76 by Jefferies & Co

Posted on: Thursday,  Apr 23, 2009  9:25 AM ET by Jefferies & Co

Jefferies & Co rated Underperform Chipotle Mexican Grill, Inc. (NYSE: CMG) on 04/23/2009. Previously Jefferies & Co rated Underperform Chipotle Mexican Grill, Inc. (NYSE:
CMG) on 04/15/2009., when the stock price was $73.05. Since then, Chipotle Mexican Grill, Inc. has gained 895.44% as of 01/19/2016's recent price of $727.17.
If you would have followed the previous Jefferies & Co's recommendation on CMG, you would have lost 89.95% of your investment in 2470 days.

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.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/23/2009 9:25 AM Sell
None
92.27 76.00
as of 12/31/2009
1 Week down  -147.54 %
1 Month down  -167.98 %
3 Months down  -130.42 %
1 YTD down  -142.36 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/15/2009 8:25 AM Sell
None
73.05 62.00
9/15/2008 9:25 AM Hold
None
53.57 60.00
7/24/2008 8:25 AM Hold
None
75.00 80.00
3/12/2008 8:25 AM Buy
None
99.15 110.00

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