Is It Finally Time to Buy Chipotle Stock?
When Chipotle Mexican Grill (NYSE: CMG) introduced its Adobe Ranch premium add-on sauce in June, the burrito roller claimed that it was its first new dip since its reformulated Queso Blanco rolled out five years ago. Investors know that this isn't entirely true. There have been plenty of dips for the restaurant stock. All you have to do is check the five-year stock chart.
Chipotle may be a classic growth stock, but it's up a modest 60% over the past five years. The haul over the last three years is half that. A big reason for the surprisingly pedestrian returns is that Chipotle shares have shed a quarter of their value over the past year. It gets worse. Draw the starting line at mid-June of last year -- when the stock hit an all-time high just days before its 50-for-1 stock split was executed -- and the fast casual chain has plummeted 40%.
There are some good reasons for the downticks, and I'll get there. However, has Chipotle fallen far enough to make it too tasty to ignore? Forget Adobe Ranch, Queso Blanco, and even the famous guacamole. Is this the dip that you as an investor have been waiting for? One analyst seems to think so.
Source Fool.com
Chipotle Mexican Grill Inc. Stock
With 67 Buy predictions and 1 Sell predictions Chipotle Mexican Grill Inc. is one of the favorites of our community.
As a result the target price of 52 € shows a very positive potential of 89.3% compared to the current price of 27.47 € for Chipotle Mexican Grill Inc..
