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  • Why Chipotle Is Going To $400 [View article]
    We just added Chipotle to our coverage universe:

    http://bit.ly/teZ8Qm

    Expect 60+ new restaurants & double-digit comps in Q4, 160+ openings in FY 2012 which should juice top-line growth.

    However, restaurant-level operating margins have contracted 100 bps through first nine months of the year on the back of higher food costs (+230 bps).
    Dec 12, 2011. 12:12 AM | Likes Like |Link to Comment
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