Why Warren Buffett Would Love Chipotle
Warren Buffett is no stranger to the restaurant industry, as his previous investment in Restaurant Brands International certainly shows. Although the company he heads, Berkshire Hathaway, exited this position last year, there are still attractive restaurant stocks that meet Buffett's criteria.
One in particular is Chipotle Mexican Grill (NYSE: CMG), which just reported another fantastic quarter on July 20th. In addition to having a powerful and well-recognized brand, the fast-casual pioneer delivers a great customer experience. What's more, the company has the ability to consistently raise prices over time.
These are characteristics that would definitely attract the attention of Warren Buffett.
Source Fool.com
