Is It Too Late to Buy Chipotle Stock?
Generally speaking, restaurants are a lousy business. The failure rate is relatively high, and profit margins are relatively low.
Every now and then, though, certain restaurant concepts just click with people. Chipotle Mexican Grill (NYSE: CMG) is one of those concepts. Fresh, custom-built burritos are a hit! That's why its top line is expected to grow nearly 14% this year and repeat the feat next year. Half of its recent, comparable growth stems from new store openings; the other half reflects existing-store sales growth. That's impressive for any consumer-facing outfit, but particularly for a restaurant chain.
This growth, of course, is also the chief reason Chipotle share prices are up 70% for the past year, and higher to the tune of 400% since their pandemic-prompted low in early 2020.
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 5300.46% increase which would mean more than doubling the current price of 45.89 € for Chipotle Mexican Grill Inc..
