Chipotle Proves Once Again Why Billionaire Warren Buffett Would Love the Company
Like clockwork, Chipotle Mexican Grill (NYSE: CMG) once again beat Wall Street expectations. For the three-month period that ended March 31, the company reported revenue of $2.7 billion (up 14.1% year over year) and diluted earnings per share of $13.01 (up 23.9%). Shares moved higher following the news, and they are up 39% so far in 2024.
The booming restaurant stock has been a massive winner for shareholders in recent years. It has attractive qualities that any investor would love. Even the legendary Warren Buffett might appreciate what Chipotle is doing.
From a macro perspective, the past few years have been some of the most unusual in recent memory. Inflation has been a big topic. Even today, prices across the economy aren't coming back down toward the Federal Reserve's target of 2%.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
With 70 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 45.89 € the target price of 2478 € shows a potential of 5300.46% for Chipotle Mexican Grill Inc. which would more than double the current price.
