Chipotle Crushes Wall Street Estimates: Is It Too Late to Buy the Skyrocketing Stock?
Chipotle Mexican Grill (NYSE: CMG) has satisfied investors, who have been hungry for massive portions of strong returns. Shares of the fast-casual restaurant concept are up a jaw-dropping 366% in just the past five years, easily outpacing the broader S 500. This business now carries an impressive $86 billion market cap.
The restaurant stock has soared 40% just this year as of Apr. 26, most recently boosted by better-than-expected first-quarter financials. You might be asking yourself, "Is it too late to buy Chipotle?"
The past four years have been some of the most turbulent times for corporate executives. The pandemic was followed by supply chain issues, inflationary pressures, and rapidly rising interest rates. Even today, there are still fears about an upcoming recession.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 64 Buy predictions and 1 Sell predictions.
With a target price of 2555 € there is potential for a 5094.15% increase which would mean more than doubling the current price of 49.19 € for Chipotle Mexican Grill Inc..
