This Magnificent Stock Is a No-Brainer Buy, but Only if It Takes a Dip
Over the past five years, shares of Chipotle Mexican Grill (NYSE: CMG) have rewarded investors in a wonderful way, skyrocketing 343%. This gain crushes what you would've earned in a fund that tracked the S 500 or the Nasdaq Composite.
And continued business momentum is driving shares even higher, which should put Chipotle on the map as a potential investment opportunity for those who might have missed the boat up until now. This magnificent restaurant stock could be a no-brainer buy -- but only if shares take a serious dip.
Thanks to Chipotle's monster performance over the past several years, the stock is ridiculously expensive right now. It trades at a price-to-earnings (P/E) ratio of about 62. That's a premium price tag that makes Chipotle's current valuation more expensive than both the S 500 and the Nasdaq-100 Index.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
With 64 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
Based on the current price of 49.19 € the target price of 2555 € shows a potential of 5094.15% for Chipotle Mexican Grill Inc. which would more than double the current price.
