Could Chipotle Be a Millionaire Maker Stock?
Chipotle Mexican Grill (NYSE: CMG) has been one of the best-performing restaurant stocks ever since its IPO in 2006. Shares of the burrito chain have returned nearly 3,000% since its debut, and the stock is up 54% year-to-date as it's emerged as one of the favorites in the restaurant industry to gain market share during the pandemic. In fact, the company returned to comparable-sales growth in June, with comps rising 2%, and momentum improved in the first three weeks of July, up 6.4%.
With the exception of the few years that followed the E. coli outbreak that sunk the stock and the business's performance, Chipotle has been a paragon of excellence in the industry. When the business is healthy, profit margins have been better than almost any other fast-food competitor, and the company has a history of delivering strong comparable sales growth.
It's clear Chipotle has been a big winner for early investors as well as those who have come in since the food safety crisis, but can Chipotle still be a millionaire-maker stock for investors today? Let's take a closer look at what the stock has to offer.
Source Fool.com
