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Jefferies initiated today and sums up some of the things we wrote about in our longer report (don't forget to email us if you want a copy!)
Mar 20 20:52 pm
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All Comments by Dan Jacome »Chipotle Mexican Grill: Spicing Up Fast Casual [View article]
----------------------...
Jefferies initiates Chipotle Mexican Grill (CMG 96.38) with a Buy and a $110 tgt saying Chipotle's best-in-class business model drives its industry-leading unit-level economics, EPS growth, ROIC expansion, SSS, and FCF growth. Firm says the quality gap between CMG and its peers will become more apparent in a weakening consumer environment, and expect the valuation premium for CMG vs. the peer group to grow..