4 Ingredients That Could Drive Chipotle Mexican Grill’s Stock Even Higher
Chipotle Mexican Grill (NYSE: CMG) stock has been relentless, surging more than 50% over the last year -- and it might just be getting started. Chipotle reports earnings July 22 after the markets close, and with the stock trading at more than 93 times earnings, it seems Wall Street has very high expectations. Long term investors should look for insight and developments from four potential drivers of long-term growth, all of which could make the stock surprisingly undervalued.
Image source: Chipotle Mexican Grill.
Chipotle made news last week when it announced plans to hire as many as 10,000 new employees to support the growth it's seeing from its mobile ordering business and the success of its "Chipotlane" drive-thrus.
Source Fool.com
