Is It Too Late to Buy Chipotle Mexican Grill Stock?
Chipotle Mexican Grill's (NYSE: CMG) stock has rallied about 50% over the past 12 months and is currently hovering near its all-time high. The fast-casual restaurant chain repeatedly impressed investors with its robust comparable-store sales growth and expanding margins, even as inflation curbed consumer spending and drove up its labor and food costs.
But is too late to buy Chipotle's stock at these levels? Let's review its growth rates and valuation to decide.
Image source: Getty Images.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€50.36
-1.180%
The stock is one of the favorites of our community with 77 Buy predictions and 1 Sell predictions.
With a target price of 2357 € there is potential for a 4580.3% increase which would mean more than doubling the current price of 50.36 € for Chipotle Mexican Grill Inc..
