The Best Fast-Casual Stock to Buy in 2017
The fast-casual segment -- and the restaurant industry as a whole -- has been in a major slump over the past year. Lower grocery prices are leading more people to choose to eat at home rather than dine out, and many restaurants are struggling with declining traffic and lost sales.
Yet as JAB Holding Company's recent $7.5 billion acquisition of Panera Bread Company demonstrates, there's still value to be had in the fast-casual space. Moreover, the recent downturn has made valuations much more attractive for some of the best fast-causal businesses, thereby creating a buying opportunity for astute investors. In this regard, read on to learn about what is perhaps the biggest bargain among fast-casual stocks available in the market today.
Image source: Chipotle Mexican Grill.
Source: Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 72 Buy predictions and 1 Sell predictions.
With a target price of 2431 € there is potential for a 5047.7% increase which would mean more than doubling the current price of 47.23 € for Chipotle Mexican Grill Inc..
