Is Chipotle Mexican Grill a Takeout Target?
When it was announced last week that Buffalo Wild Wings (NASDAQ: BWLD) would be acquired by private equity group Roark Capital, something strange happened: Shares of Chipotle Mexican Grill (NYSE: CMG) seemed to climb more on the news than did shares of Buffalo Wild Wings.
One reason is that investors had already known the Buffalo Wild Wings deal was in the works. Two weeks earlier, shares of the restaurant chain surged when news of a possible acquisition coursed through the market. As a result, when the deal was officially consummated, Buffalo Wild Wings' stock rallied, but not as much as it had earlier in November.
My colleague Steve Symington wrote this at the time:
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
€46.88
-1.170%
With 73 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 46.88 € the target price of 2425 € shows a potential of 5073.33% for Chipotle Mexican Grill Inc. which would more than double the current price.
