Filed under: Chipotle Mexican Grill'A' (CMG)
Restaurant chain Chipotle Mexican Grill (CMG), has vectored from $90 to $200.65 in 2010, on both new restaurant openings, and a likely low/mid-single-digit increase in same-store sales.
The key phrase in the above being a possible 'mid-single-digit' SSS increase: a decent traffic and sales increase is not consistent with the U.S.'s current 'frugal consumer' trend, but Chipotle appears to be bucking the trend.
Chipotle operates restaurants in the fast casual dining segment, using fresh ingredients and traditional cooking methods to cook tacos, burritos, salads, and burrito bowls. As of the start of 2010, CMG had 956 restaurants in 35 states, with more than half in California, Ohio, Texas, Colorado and Illinois.
Continue reading Is Chipotle Mexican Grill Overvalued?
Is Chipotle Mexican Grill Overvalued? originally appeared on BloggingStocks on Fri, 22 Oct 2010 14:00:00 EST. Please see our terms for use of feeds.
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Source: http://www.pheedcontent.com/click.phdo?i=d6298726304211938531a5736606a78a
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