If You'd Invested $1,000 in Chipotle Mexican Grill Stock 5 Years Ago, Here's How Much You'd Have Today
Chipotle Mexican Grill (NYSE: CMG) is a perennial market favorite, and it's been getting extra enthusiasm surrounding its recent 50-for-1 stock split. It operates a successful model of developing healthy Mexican-style dishes using fresh ingredients, and it targets an affluent clientele that's resilient under inflationary conditions.
Despite its premium valuation, Chipotle's stock continues to climb, demonstrating that it can carry a price-to-earnings ratio of 66 because its business performance is just that reliable. How much money would you have if you'd invested $1,000 in Chipotle stock five years ago?
Chipotle consistently reports strong increases in revenue, comparable sales, and profits, and that trend continued through the early years of the pandemic when similar restaurant chains were floundering. It has a compelling pricing model with food that's affordable to its upscale customers even if they're cutting down on luxuries (and certainly when they're not).
Source Fool.com
Chipotle Mexican Grill Inc. Stock
With 65 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 57.9 € the target price of 2553 € shows a potential of 4309.33% for Chipotle Mexican Grill Inc. which would more than double the current price.
