What to like about Chipotle

|About: Chipotle Mexican Grill, Inc. (CMG)|By:, SA News Editor

Chipotle (CMG +0.8%) is testing selling coffee in several Washington D.C. outlets in what Janney thinks could be a precursor to a national breakfast rollout.

Much of the bear thesis on Chipotle - demonstrated loudly by David Einhorn amongst others - was predicated on the Cantina Bell menu at Taco Bell clipping Chipotle's market share.

Most restaurant analysts don't think the Cantina Bell effect is occurring and Taco Bell's 2% gain in U.S. same-store sales during Q3 wasn't a home run.