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Miller Tabak raises its price target on Chipotle (CMG) to $360 from $335 while maintaining a...

  • Thursday, January 3, 9:21 AM ET
    Miller Tabak raises its price target on Chipotle (CMG) to $360 from $335 while maintaining a solid Buy rating on the restaurant operator. Meanwhile, Jefferies has the other side of the trade, noting pressure from Taco Bell will pressure sales and margins. CMG -1.5% premarket.
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This news story has 4 comments:

  •  
    Having your burrito and eating it,too?

    If I was anywhere on the Chipotle one trick pony ride, it would be as a short.
    3 Jan, 09:27 AM Reply Like
  •  
    be careful with momo stocks, especially after they've fallen from grace. I am sure plenty of shorts got burned trying to chase GMCR at 20 instead of 80
    3 Jan, 10:00 AM Reply Like
  •  
    Frankly, I pay no attention to anyone who would compare Chipotle to Taco Bell - Qdoba, Moe's Panchero, etc.,perhaps. But comparing to Taco Bell is like suggesting that Chevy sales will impact BMW - I don't think so.
    3 Jan, 11:35 AM Reply Like
  •  
    If CMG were trading @ 20x earnings and a 1x PEG, I'd agree. The problem is it's no longer a small startup and is trading @ 30x PE and 1.6x PEG...No doubt its burritos are better than TB's, but I seem to remember a certain donut company called Krispy Kreme that used to be viewed the way CMG is now, and I know how that turned out.
    3 Jan, 02:20 PM Reply Like
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