A Bull Market Could Be Here: 3 Reasons to Buy Chipotle Stock
Amid a possible bull market, the recent IPO of Cava Group has brought attention back to the fast-food industry. Many regard this newcomer as the Mediterranean version of Chipotle Mexican Grill (NYSE: CMG) and hope that it can match Chipotle's long-term returns.
Yet, one might argue, why take a risk on Cava when investors have an established success in Chipotle? And despite Chipotle's massive footprint, its store growth is not likely to end soon. Three reasons explain why Chipotle still looks like a good investment today.
Chipotle succeeds partially because it offers healthy food in a fast, casual setting. It makes its dishes with naturally produced ingredients and bans the use of freezers and can openers, which appeals to health-oriented consumers who might otherwise choose Cava.
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 5275.27% increase which would mean more than doubling the current price of 46.1 € for Chipotle Mexican Grill Inc..
