Chipotle Mexican Grill to possibly offer breakfast

  • Follow Business

Financial analyst Mark Kalinowski of Janney Capital Markets raised his rating for Chipotle Mexican Grill to “Buy” from “Neutral” on Friday.


Part of his rationale was that the restaurant operator has a promising opportunity to expand into offering breakfast.

Even though Chipotle currently does not have any plans to introduce breakfast items, he expects that the company may wind up introducing a breakfast menu.

Part of the reason is that Chipotle is testing coffee sales in one of its Washington, D.C., locations, which may be a precursor to the chain testing breakfast goods somewhere down the line.

Kalinowski thinks that both coffee and breakfast could potentially go nationwide in the future, but has no indication as to the timing of such possible rollouts.


Chipotle Mexican Grill (CMG)

Friday’s close:

$443.16 ▼ $7.74, or 1.78%

52-week range $234-$444

Annual dividend None

Price-earnings ratio * 47

Total return YTD 49%

1-year 55%

3-year ** 35%

5-year ** 56%

Market value $13.7 billion

Note: Total returns through Oct. 11

* Trailing 12 months; ** Annualized

Source: FactSet, Associated Press

Search Augusta jobs
Top headlines
Augusta VA supervisor sentenced to prison
In what the judge called a "tragic case," a former Charlie Norwood VA Medical Center supervisor was sentenced Thursday to 27 months in federal prison for making false statements in medical files.