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Chipotle Stock Edges Up Despite Hourly Wage Hike

·2 min read
Chipotle Stock Edges Up Despite Hourly Wage Hike
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Shares of Chipotle (ticker: CMG) were up 0.2% to $1,394.05 in afternoon trading. Charles notes that, assuming traffic doesn’t suffer, the $15-an-hour level won’t be a drag on margins once the second price increase takes effect.