Is It Too Late to Buy Chipotle Mexican Grill Stock?
Chipotle Mexican Grill (NYSE: CMG) is not a cheap stock, with a lofty price-to-earnings ratio of around 50 times. That's after the stock has pulled back around 25% from its all-time highs. But if you are looking for a growth stock, now is probably the time to pay extra attention to Chipotle. The big news at the moment is the surprise departure of the company's CEO. It may not be as bad as Wall Street seems to think.
It is hard to suggest that right now is the best time ever to buy Chipotle, given the absolute level of its P/E ratio. But then, there's never really been a best time for this stock, which has long been afforded a premium over other large restaurant companies. That said, Chipotle's current P/E is actually below its 10-year average P/E.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
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 4548.0% increase which would mean more than doubling the current price of 50.71 € for Chipotle Mexican Grill Inc..
