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Actionable news in CMG: CHIPOTLE MEXICAN GRILL Inc,

Chipotle Mexican Grill (CMG) Stock Up Following 'Buy' Rating

NEW YORK (TheStreet) -- Chipotle Mexican Grill (CMG - Get Report) shares are jumping by 1.62% to $731.80 on Thursday morning, after analysts at SunTrust Robinson Humphrey began coverage of the restaurant chain with a "buy" rating and a price target of $850.

The company has "more sales levers to pull than in past years, including marketing, catering, online, throughput initiatives and the return of Carnitas," analysts said.

Additionally, the firm said that the company's secondary brands like ShopHouse and Pizzeria Locale are other positives.

Looking ahead to 2016, same-store sales are expected to grow to 5.5% from 2.5%, analysts noted.

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Based in Denver, CO, Chipotle Mexican Grill develops and operates fast-casual and fresh Mexican food restaurants.

Separately, TheStreet Ratings team rates CHIPOTLE MEXICAN GRILL INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

We rate CHIPOTLE MEXICAN GRILL INC (CMG) a BUY. This is based on the convergence of...


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