Chipotle Mexican Grill (CMG) Says Opening First Burger Restaurant this Year
Get Alerts CMG Hot Sheet
Price: $3,111.97 +6.33%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 0%
Revenue Growth %: +12.5%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 0%
Revenue Growth %: +12.5%
Join SI Premium – FREE
(Updated - July 28, 2016 12:34 PM EDT)
Chipotle Mexican Grill (NYSE: CMG) says opening first burger restaurant this year, according to Bloomberg. The chain will be named Tasty Made and the first one will be in Lancaster, Ohio.
UPDATE - Chipotle was originally looking to trademark the name Better Burger, but has since abandoned the effort.
Chiptole has been looking to bounce-back following a series of food bourne illness independents last year. The new concept will allow the company to seek revenue growth under a different name.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Chipotle Mexican Grill (CMG) PT Raised to $3,300 at Oppenheimer
- Can Boeing overcome struggles? Analysts see 'path back to normal' after earnings
- Microsoft earnings: Will AI help Azure cloud revenue soar?
Create E-mail Alert Related Categories
Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!