NEW YORK (TheStreet) -- Shares of Chipotle Mexican Grill (CMG) - Get Report are climbing 1.02% to $430.50 Thursday afternoon amid reports that the company is poised to open its first "Tasty Made" burger concept restaurant in Lancaster, Ohio.
"We've known for a while that Chipotle was going to get into this through regulatory filings but now it's saying that it plans to open the restaurant sometime this fall," CNBC's Dom Chu reported on today's "Fast Money Halftime Report."
Chu says he has reached out to Chipotle for a comment and new developments will be forthcoming.
Separately, TheStreet Ratings rates Chipotle as a "Hold" with a ratings score of "C." The primary factors that have impacted TheStreet Ratings rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.
The company's strongest point has been its very decent return on equity which TheStreet Ratings feels should persist. At the same time, however, TheStreet Ratings also finds weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: CMG