Chipotle Fans Seen Staying Loyal Despite Price Hikes

Chipotle (CMG) has experienced “little if any push-back” as fans of the burrito chain have affirmed their loyalty despite the rollout of higher menu prices, analysts say. This minimal impact on traffic trends, coupled with building interest in its catering program and positive responses to the new Sofritas protein option, prompted Wunderlich Securities to lift its price target to 560 from 542. Shares are up 2.7% in the stock market today. The

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