Bernstein defends Outperform-rated Chipotle (CMG) in the wake of the company's Q4 earnings...

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

Bernstein defends Outperform-rated Chipotle (CMG) in the wake of the company's Q4 earnings report. The firm reasons Chipotle's price hikes and marketing initiatives will generate stronger sales growth than what was seen in the last quarter. On its earnings call (transcript), Chipotle execs highlighted the new marketing plans which include billboards and radio spends as well as a push to promote the restaurant operator's catering services.