Deutsche Bank Upgrades Chipotle Mexican Grill (CMG) to Buy; Less Inflation + More Pricing = Margin Upside

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January 3, 2012 8:09 AM EST
Get Alerts CMG Hot Sheet
Price: $33.50 +2.73%

Rating Summary:
    36 Buy, 14 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Deutsche Bank upgraded Chipotle Mexican Grill (NYSE: CMG) from Hold to Buy, price target raised to $390.00.

Deutsche analyst says, "CMG remains the best growth story in the restaurant industry given a 13% unit growth rate, industry-leading same store sales, industry-leading new unit returns, and a long runway for new stores. 2012 also sets up as a better year for earnings growth than 2011, as easier cost compares + higher menu pricing = a better margin outlook."

For an analyst ratings summary and ratings history on Chipotle Mexican Grill click here. For more ratings news on Chipotle Mexican Grill click here.

Shares of Chipotle Mexican Grill closed at $337.74 yesterday.

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