Here's 1 Reason Not to Buy Chipotle Stock
Chipotle Mexican Grill (NYSE: CMG) pioneered the fast-casual food category, serving customers quality Tex-Mex items made from responsibly-sourced ingredients. The stock, which has risen 176% over the past five years, showcases the company's remarkable success, something that will continue in the years ahead.
But even though business has been booming, I still don't own any shares in this top restaurant stock. Here's why.
Taking a look at Chipotle's historical financials gives us a sense of just how successful the company has been. From 2016 to 2021, revenue increased at an annualized rate of 14%. Same-store sales growth averaged 8.5% per year, while the store count increased from 2,250 to about 2,950 over the same period. And net income surged from a low of $23 million in 2016 to $653 million last year.
Source Fool.com
