Chipotle says company-wide trends have never been stronger Says there are more location opportunities for the company to expand their presence. Says seeing little or no resistance to increases in menu prices. Says new restaurants in overseas markets are starting out the exact same as new restaurants in the U.S. Says excited about potential in overseas restaurants. Says seeing good comps. in overseas markets. Comments made at the William Blair 34th Annual Growth Stock conference.
Chipotle upgraded to Buy at Miller Tabak Miller Tabak upgraded Chipotle to Buy and increased its price target to $725 from $715. The firm said mid-to-high-single-digit same-restaurant sales growth and lower food costs support above-peer earnings growth through 2016 and the recent pullback in shares provides a buying opportunity.