Where Will Chipotle Stock Be in 5 Years?
Chipotle Mexican Grill (NYSE: CMG) shares have skyrocketed 380% since July 2018, absolutely crushing the 78% gain (with dividends reinvested) of the S 500. Even tech giant Apple, which is up 311% during the same time, has lagged the Tex-Mex specialist.
Chipotle has obviously been a fantastic stock to own in recent years, but investors care what the future holds. Let's try and figure out what the next five years might look like for this booming restaurant business.
The most important aspect of Chipotle's impressive performance has been that the company continues to open stores at an aggressive pace. It opened 236 new stores in 2022 and 41 through the first three months of this year, bringing the total to 3,224 today. Just five years ago, after the first quarter of 2018, there were 2,441 Chipotle locations. So growth has been brisk.
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 40.54% compared to the current price of 27.75 € for Chipotle Mexican Grill Inc..
