*CEAT - Creative Eateries looks the most undervalued of the restuarant Chains out there, and nobody knows about the Co's new direction and small float after the roll back of 100 to 1.
Restaurant stocks in general have performed well this year. The restaurant component of the Standard & Poor's 1500 index is up 3.6 percent this year, while the S&P 500 has gained just 0.4 percent.
McDonalds - Chipotle's backing by the world's largest restaurant company may make it more appealing to investors, analysts said.
"I don't think most investors even knew that McDonald's did something more than making McDonald's products," said David Menlow, president of IPOFinancial.com, an independent research company based in Millburn, New Jersey. "That may end up carrying a little extra appeal."
If Chipotle's offering did well -- the company plans to list on the NYSE under the symbol "CMG" (CMG.N: Quote, Profile, Research) -- it could encourage other chains that are contemplating IPOs.
Burger King Chairman and Chief Executive Officer Greg Brenneman said in September the company's owners, a consortium including Texas Pacific Group, Goldman Sachs Capital Partners and Bain Capital, could float an IPO of the chain as early as 2006.
Wendy's International Inc. (WEN.N: Quote, Profile, Research) said last month it plans to file an IPO for a stake in its Tim Hortons chain.
FEASTING SEASON
The fourth quarter is typically the busiest of the year for IPOs, as underwriters and companies scramble to complete deals before the calendar turns. The pace of offerings will pick up significantly next week, with seven U.S. IPOs set to raise up to $1.92 billion, according to Dealogic
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