Starbucks vs. Chipotle: Which Stock Is the Better Buy After the CEO Switch?
The restaurant industry was abuzz last week with the surprise announcement that star CEO Brian Niccol was leaving the burrito world for a taste of coffee. He steered Chipotle Mexican Grill (NYSE: CMG) out of a marketing disaster when he took the helm in 2018, and the stock gained more than 950% from the time he took over through to its stock split this June.
(NASDAQ: SBUX) investors are hoping that he can bring some fresh brew to their cups as well. The announcement itself sent Starbucks stock soaring, adding $20 billion to its market cap.
Is it time for investors to bet on a Starbucks recovery, or should you stick with Chipotle Mexican Grill?
Source Fool.com
Starbucks Corp. Stock
€85.51
-0.130%
With 31 Buy predictions and 1 Sell predictions Starbucks Corp. is one of the favorites of our community.
With a target price of 94 € there is a slightly positive potential of 9.93% for Starbucks Corp. compared to the current price of 85.51 €.
