Better Fast-Food Buy: Chipotle vs. McDonald's Stock
Investors just received an extra helping of data about the latest operating trends at both Chipotle Mexican Grill (NYSE: CMG) and McDonald's (NYSE: MCD). In late October, the two fast-food companies each reported solid demand for the fiscal quarter that ran through late September. Consumers are frequenting these businesses even as they look to save money in other parts of their budgets.
That's a great sign for shareholders as we head toward a potentially rocky 2024 selling environment. Both restaurant stocks have their positives, but which one is the best choice for investors right now? Let's dive right in.
There was plenty of positive third-quarter news about growth from both companies to please investors. McDonald's did see a slight slowdown in its expansion pace from the previous quarter, but gains remained strong at 8% in the core U.S. market. Chipotle reported a more modest 5% uptick, yet management was happy to see a healthy mix between rising customer traffic and increased spending.
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 5300.46% increase which would mean more than doubling the current price of 45.89 € for Chipotle Mexican Grill Inc..
