CMG - The Ultimate Growth Stock to Buy With $1000 Right Now
2024-07-18 05:35:00 ET
Generally speaking, the restaurant business isn't a great one to invest in. Restaurants are expensive and complicated to manage, which is why many of them fail. Indeed, even the larger restaurant chains with proven staying power seem perpetually on the defensive these days.
There's a small handful of exceptions to this industry norm, though. Chipotle Mexican Grill (NYSE: CMG) is one of them. If you've got an extra $1,000 to put to work, it would be a great growth stock to scoop up, particularly given that shares are currently down 16% from last month's peak. That discount isn't apt to last very long.
If you're not familiar with it, Chipotle Mexican Grill is a popular Tex-Mex fast-casual eatery. The company operates nearly 3,500 locales, offering custom-built burritos, tacos, and bowls. There are other brands similar to it, like Qdoba and Moe's. Chipotle is far bigger than any of its direct competitors, and it's enjoying the advantages of its larger scale.
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The Ultimate Growth Stock to Buy With $1,000 Right Now