CHIPOTLE MEXICAN GRILL $516.89 (New York symbol CMG; TSINetwork Rating: Speculative) (303-595-4000; www.chipotle.com; Shares outstanding: 30.9 million; Market cap: $15.9 billion; No dividends paid) is launching its new catering service across the U.S. The move follows successful test marketing in certain markets, including Colorado.
Chipotle’s catering includes four different meal options to feed between six and 200 people. The meals offer its trademark highquality food, including naturally raised meat.
Customers will pick up the catering orders themselves, which means the company won’t have to hire delivery personnel.
Chipotle is still a hold.
