1 Growth Stock Down 22% to Buy Right Now
It's been a tough past month-and-a-half for Chipotle Mexican Grill (NYSE: CMG) shareholders. Although the stock's up since the company reported solid second-quarter numbers a little over a week ago, it's also still down 22% from its mid-June peak.
Rather than worrying about whether or not Chipotle stock's already made its ultimate low, investors might instead want to use what's left of this dip as a buying opportunity. It's a discount that Chipotle shares don't offer very often, or for very long.
On the off-chance you're not familiar with it, Chipotle Mexican Grill is a Tex-Mex eatery. Its best-known for custom-made burritos and salad "bowls" that are not only delicious, but wrapped up and easy to eat. It's technically fast food, but it's also far from being just-another hamburger joint. It competes with outfits like Moe's and Qdoba, but with 3,530 stores Chipotle is by far the biggest name in the premium burrito business.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 70 Buy predictions and 1 Sell predictions.
With a target price of 2478 € there is potential for a 4818.62% increase which would mean more than doubling the current price of 50.38 € for Chipotle Mexican Grill Inc..
