Warning: Is This Chipotle Stock's Single Biggest Risk?
Chipotle Mexican Grill (NYSE: CMG) has been a fantastic investment for its shareholders. The stock has skyrocketed 331% in the past five years. And during the roughly first six months of 2024, it has jumped 37%. The S 500 doesn't hold a candle to this superb performance.
Optimism is high for this company, to say the least. Chipotle continues reporting strong revenue and earnings growth while its store base keeps expanding with each passing quarter. Investors might struggle to find any faults with the business.
However, I see one major downside risk to the Chipotle story. Let's take a closer look at this top restaurant stock.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€49.19
-0.250%
The stock is one of the favorites of our community with 64 Buy predictions and 1 Sell predictions.
With a target price of 2555 € there is potential for a 5094.15% increase which would mean more than doubling the current price of 49.19 € for Chipotle Mexican Grill Inc..
