I Was Wrong About Chipotle Stock. Here's Why.
Chipotle Mexican Grill (NYSE: CMG) continues its impressive performance. The stock is up 48% in 2023 and 371% over the past five years, absolutely crushing the broader market by an insanely wide margin. This type of gain isn't coming from a high-flying software business, but a brick-and-mortar restaurant chain.
I've been amazed at Chipotle's execution for quite some time, especially as it navigated the pandemic and is still finding ways to grow and expand margins during elevated inflation and in an uncertain economy. But my portfolio hasn't benefited from the share price's rapid rise because I was caught up on a key metric that prevented me from buying the stock.
Here's what I got wrong about Chipotle. Hopefully, you can learn from my experience to improve your own investing process.
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 48.38 € the target price of 2478 € shows a potential of 5022.48% for Chipotle Mexican Grill Inc. which would more than double the current price.
