Dallas, Texas 01/13/2014 (FINANCIALSTRENDS) – Chipotle Mexican Grill, Inc. (NYSE:CMG) has long been judged the fastest-rising quick-service eatery chain on the market. The company has augmented from $49 per scrip in the year 2009 to $517 per share at this time. Owing to its high-growth position, Chipotle’s scrip demands a high valuation–at $517 per scrip, the company is valued at 40 times its forward income. Chipotle’s valuation is greater than those of its competitors Buffalo Wild Wings (NASDAQ:BWLD) and Yum! Brands, Inc. (NYSE:YUM) that have forward income appraisals of 30.5 and 20.1, respectively.
Chipotle stays innovative
The company is well-known for its burritos and tacos, and it runs over 1,500 restaurants in the United States, Canada, and several other global markets. But what makes shareholders really like Chipotle is its high growth rate. In the 3rd quarterly period, Chipotle’s sales augmented 18% to $826.9 million with comparable-store sales expansion of 6.2%. The company’s diluted earnings per share augmented by 17.2% to $2.66 per scrip.
Chipotle Serves Superb … Pizza?
Chipotle Mexican Grill, Inc. (NYSE:CMG) has been a wonderful success tale, and it has honored its shareholders with stock admiration of 146.5% over the last 3 year period. A lot of restaurants are confronting challenging times. CMG is an exception to this regulation.
Chipotle Mexican Grill, Inc. to be part of the 2014 ICR XChange meeting
Chipotle Mexican Grill, Inc. (NYSE:CMG) declared that the firm will present at a shareholder meeting.
On January 14, 2014, the Company will present at the 16(th) yearly ICR XChange meeting, which will take place at The JW Marriott Grande Lakes Hotel & Resort in Orlando, Florida. The presentation will start at 4:00 PM Eastern time.
The presentation will be webcast live from the firm’s internet site, Chipotle.com, under the shareholder relations segment.