Food For Thought

Despite the fact that it was down 2.7% today, CMG is still one of the best performing S&P 500 stocks year to date.  It's up 24% so far this year and 752% since the March '09 lows.  In order to get a sense of the company's valuation, below is a comp table for competing restaurants centered around the number of restaurants that they own or franchise.  Chipotle has 1230 restaurants that it operates with a value of $11m per store.  Even Panera only has a value of $2.9m per store, while lowly Wendy's only has a value of $283 thousand per store.  If In-n-out ever came public I wonder where it would fit on this table.