The Chipotle Walkout Method: What Does This Mean for the Stock?
In early May, TikTok food influencer Keith Lee posted a review of Chipotle Mexican Grill (NYSE: CMG). The creator, who boasts more than 16 million subscribers, called the restaurant's portions "crazy" and rated its chicken al-pastor and rice bowl a 2 out of 10.
His remarks may have helped start a trend called the "walkout method," where customers simply leave Chipotle restaurants mid-order if they aren't satisfied with how much food they are getting. What could this mean for the company and its stock price? Let's dig deeper to find out.
While some Chipotle's customers seem dissatisfied with the restaurant online, real-life spending habits tell a different story. Chipotle's fourth-quarter sales grew 14.1% year over year to $2.7 billion, driven by a healthy 7% jump in comparable restaurant sales. And this is despite a whopping four price increases in the last two years.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is one of the favorites of our community with 77 Buy predictions and 1 Sell predictions.
With a target price of 2357 € there is potential for a 4580.3% increase which would mean more than doubling the current price of 50.36 € for Chipotle Mexican Grill Inc..
