Is Chipotle Stock a Buy Now?
Restaurant chains that combine great food with strong brand recognition tend to outperform the broader market. That is because such a combination keeps customers coming back for more, which drives revenues and profits higher.
Mexican fast-casual restaurant operator Chipotle Mexican Grill (NYSE: CMG) arguably fits this description to perfection. A $1,000 investment made in the company 10 years ago would be worth $5,500 today. That's especially impressive compared to the $3,300 that the same amount invested into the S 500 index then would now be valued at (with dividends reinvested). For context, that even includes the more than 1,100 cases of Norovirus, Salmonella, and E. coli that sickened Chipotle customers between 2015 and 2018, and weighed on the stock price for several of those years.
But is Chipotle stock still a buy for growth-oriented investors?
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 70 Buy predictions and 1 Sell predictions.
With a target price of 2478 € there is potential for a 5275.27% increase which would mean more than doubling the current price of 46.1 € for Chipotle Mexican Grill Inc..
