real-time news and commentary for investors
Friday, Aug 31
2012, 11:19 AM
Chipotle (CMG +0.5%) just might have a second act, according to SA author Adam Levine-Weinberg....
Chipotle (CMG +0.5%) just might have a second act, according to SA author Adam Levine-Weinberg. At its current price-earnings ratio of 35, the company stands a chance of growing into its multiple by adding stores and improving margins. And while much has been made over the threat of Taco Bell's Cantina Bell to cut into Chipotle's loyal customer base, it's not clear that Taco Bell's sales surge isn't at the expense of chains such as McDonald's, Hardee's, and Jack in the Box as much as Chipotle.