Chipotle: Buy, Sell, or Hold?
Chipotle Mexican Grill (NYSE: CMG), now a nearly $60 billion business, has been crushing it recently. After posting outsized gains during the depths of the coronavirus pandemic, the restaurant company saw sales jump 14% in 2022. And this year is off to a strong start as well.
As a result of the business's outstanding performance, shares are up a scorching 48% in 2023 (as of May 17), outpacing the S 500's 8% gain. This continues a long-standing trend of Chipotle handily beating the market and rewarding shareholders.
What does this mean for the top restaurant stock? Should investors buy, sell, or hold the popular Tex-Mex chain? Here's what you need to know.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
€2,881.0
-0.690%
The stock is one of the favorites of our community with 58 Buy predictions and 1 Sell predictions.
With a target price of 3085 € there is a slightly positive potential of 7.08% for Chipotle Mexican Grill Inc. compared to the current price of 2881.0 €.
