Could Chipotle Help You Become a Millionaire?
Chipotle Mexican Grill (NYSE: CMG) is a market-beating stock. Shares have soared 248% in the past five years, a gain that crushes the return of the S 500 index. And since the initial public offering (IPO) in 2006, shares are up an astonishing 6,450% and are certainly making early investors rich.
Can this top-notch restaurant stock, which currently trades 16% below its peak price, help you become a millionaire in the future? Here's what investors need to know.
In the hypercompetitive restaurant sector, Chipotle has carved out a successful niche in the fast-casual corner of the market. It has been thriving in recent years, and there is no reason to believe that success is going to end anytime soon. Yes, former star CEO Brian Niccol is gone, but this business still has key members of the leadership team, like interim CEO Scott Boatwright and Chief Strategy Officer and former CFO Jack Hartung, which can keep operations running smoothly looking ahead.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
With 62 Buy predictions and not a single Sell prediction Chipotle Mexican Grill Inc. is an absolute favorite of our community.
As a result the target price of 39 € shows a positive potential of 29.78% compared to the current price of 30.05 € for Chipotle Mexican Grill Inc..
