I Was Wrong About Chipotle Stock. Here's Why.
Chipotle Mexican Grill (NYSE: CMG) continues its impressive performance. The stock is up 48% in 2023 and 371% over the past five years, absolutely crushing the broader market by an insanely wide margin. This type of gain isn't coming from a high-flying software business, but a brick-and-mortar restaurant chain.
I've been amazed at Chipotle's execution for quite some time, especially as it navigated the pandemic and is still finding ways to grow and expand margins during elevated inflation and in an uncertain economy. But my portfolio hasn't benefited from the share price's rapid rise because I was caught up on a key metric that prevented me from buying the stock.
Here's what I got wrong about Chipotle. Hopefully, you can learn from my experience to improve your own investing process.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
The stock is an absolute favorite of our community with 62 Buy predictions and no Sell predictions.
With a target price of 39 € there is a positive potential of 37.32% for Chipotle Mexican Grill Inc. compared to the current price of 28.4 €.
