Stock Market Sell-Off: Is Chipotle a Buy?
Investors endured a brutal 2022, with the S&P 500 down by approximately 19.4% for the year. The market's current state brings with it a significant reluctance to invest, but it also offers up some great buying opportunities for those willing to brave the ongoing bear market.
One company that has held up well during this time is Chipotle Mexican Grill (NYSE: CMG). It continued to add stores and grow revenue, even as investors dumped the stock. That has led to questions about whether Chipotle stock is now a compelling buy, or whether it remains a restaurant stock to avoid. Let's see if we can find the answer.
Chipotle prospered by pioneering a healthy fast-food niche and executing wise strategic pivots. It also benefited from a little good fortune. Although founder Steve Ells no longer runs the company, CEO Brian Niccol has built on the founder's concept. Niccol addressed issues around food contamination in prior years and he continued the company's rapid expansion.
Source Fool.com
