3 Reasons Chipotle Stock Is a No-Brainer Buy, As Soon As This 1 Thing Happens
The COVID-19 pandemic, which crushed the restaurant industry, didn't really bother Chipotle Mexican Grill (NYSE: CMG). After that major health crisis began to cool off, above-normal inflation and an uncertain economic environment still aren't doing much to derail the business.
Chipotle stock's performance reflects this. It's up more than 50% in 2023, and 100% in the last three years, crushing the S 500 and the Nasdaq Composite Index. Investors might rush to take a huge bite out of this stock.
Here are three obvious reasons you might want to buy Chipotle shares. However, there's one thing that must happen to this top restaurant stock before you do.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€45.90
0.020%
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 5299.28% increase which would mean more than doubling the current price of 45.9 € for Chipotle Mexican Grill Inc..
