2 Things to Know About Chipotle Stock Before You Buy
Had you invested in the S 500 five years ago, you would have more than doubled your initial capital outlay. But an investment in Chipotle Mexican Grill (NYSE: CMG) back then would have soared nearly fivefold. The momentum has continued; shares are up 35% just this year.
You might be eyeing this booming restaurant stock as a potential addition to your portfolio. But before you make a decision, here are two things you need to know about Chipotle first.
Even with ongoing inflationary pressures, Chipotle continues to post strong financial results. After reporting 14.3% revenue growth in 2023, the business saw sales rise 14.1% in this year's first quarter. That was boosted by a 7% same-store sales jump. Management expects this metric to rise by a mid- to high-single-digit percentage for the full year.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 77 Buy predictions and 1 Sell predictions.
With a target price of 2357 € there is potential for a 4580.3% increase which would mean more than doubling the current price of 50.36 € for Chipotle Mexican Grill Inc..
