CMG - Where Will Chipotle Mexican Grill Be in 5 Years?
2024-06-27 10:15:00 ET
Chipotle Mexican Grill 's (NYSE: CMG) extraordinary leap to the top of the food (or restaurant) chain has yielded thousands of percentage points in gains for loyal investors. Chipotle's share price has reached so high that it's undertaking a 50-for-1 split this week.
Stock splits often reflect management's confidence that the stock price can go still higher. Let's see where we can expect Chipotle to be five years from now.
This chain of fast-casual restaurants serves fresh, healthy Mexican-style fare. It sources local produce and touts that it uses only 53 ingredients (all of which you can pronounce) and has no freezers on its premises -- everything is made fresh, every day. It has created a model food-preparation process that ensures meals meet its standards and please customers.
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Where Will Chipotle Mexican Grill Be in 5 Years?