Chipotle Is a Magnificent Stock. Here's Why You Shouldn't Buy It.
We are almost three months into 2024, and it's nothing new from Chipotle Mexican Grill (NYSE: CMG). Shares of this popular Tex-Mex restaurant chain are up 27% year to date. And in the past five years, this top restaurant stock is up more than fourfold, crushing the gains of both the S 500 and Nasdaq Composite.
In fact, shares have climbed from just $22 when Chipotle went public in early 2006 to over $2,900 per share as of this writing. This incredible run has spurred management to announce a 50-for-1 stock split.
There's no question Chipotle has been a magnificent stock through most of its history, but that doesn't mean it's an automatic buy. Let's take a closer look at the fast-casual pioneer.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€45.89
-2.400%
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..
