The 1 Risk That Could Slow Down Chipotle's Stock
Chipotle Mexican Grill (NYSE: CMG) has shown once again that it's operating on all cylinders. It just turned in another spectacular earnings report.
The company's impressive first-quarter results were highlighted by a 14.1% increase in revenue to $2.7 billion, with comparable-restaurant sales up 7%. Its restaurant level operating margins, which measure how profitable its restaurants are before corporate costs, were 27.5%, up 190 basis points from a year ago. This shows that the company is becoming more profitable despite inflationary pressures.
Let's look at why Chipotle continues to put up strong results, and the one potential risk that could stop its momentum.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€47.07
-5.020%
With 70 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 47.07 € the target price of 2478 € shows a potential of 5165.06% for Chipotle Mexican Grill Inc. which would more than double the current price.
