borisb

Chipotle Mexican Grill: Does the Growth Justify the Price?

Chipotle's was slammed by what seems to be a bogus downgrade by Raymond James. the B shares traded down to $83, a dip of $47 or 36% from $130 high point.. even more impressive is this is down by $72 or 46% from A shares high point of $155 even thought eps is identical. would that be buying a world class company for almost half price? Raymond James upgraded faulty Mortons of Chicago in the same report rasing doubts of accuracy further. Chipotle did an investor presentation on 1-15-2008 when they affirmed previously guided sales and cost trends, suggesting they were on course but also tried to manage expectations. With terrific premium quality entrees without all the drama priced around $6 Bucks it would seem the sky is the limit for CMG.