Chipotle wins its lawsuit

Article Excerpt

CHIPOTLE MEXICAN GRILL, $2,062.01, is a buy. The company (New York symbol CMG; TSINetwork Rating: Extra Risk) (www.chipotle.com; Shares outstanding: 27.6 million; Market cap: $43.9 billion; No dividends paid.) has quickly won its lawsuit for trademark infringement against fast-casual restaurant chain Sweetgreen Inc. Sweetgreen renamed its newest menu item, the “Chipotle Chicken Burrito Bowl,” just two days after Chipotle sued the chain. Chipotle said the “copy-cat” name was very similar to its own chicken burrito bowl and could confuse customers. Sweetgreen renamed the dish the “Chicken + Chipotle Pepper Bowl” so that it could end the lawsuit. Chipotle Mexican Grill is a buy. buy…