3 Reasons Warren Buffett Might Love Chipotle Stock, and 1 Red Flag to Watch
With legendary investor Warren Buffett and his company Berkshire Hathaway previously owning Restaurant Brands International, the Oracle of Omaha is no doubt familiar with the restaurant industry. However, there's one related business he hasn't owned directly that certainly fits the criteria he seeks out in investments.
Here are three reasons why Warren Buffett would love Chipotle Mexican Grill (NYSE: CMG), and one major red flag that would turn him away.
It goes without saying that one of Chipotle's key strengths is its powerful brand recognition. The business currently has 3,187 stores in its physical footprint, with plans to open 255 to 285 in 2023. In fact, the leadership team, led by CEO Brian Niccol, believes there can be 7,000 locations in North America one day. This type of growth potential is unheard of in the cutthroat restaurant industry.
Source Fool.com
