2024-05-08 06:28:11 ET
Summary
- Chipotle's same-store sales traffic increased by 10% compared to the industry average of 4%.
- Margins are near a 10-year high, but same-store traffic and price increases are plateauing.
- Chipotle plans to increase store count by 10% annually for the next 3 years, but international expansion is limited.
Momentum is a powerful force for traders and investors. Finding value in a market at near record highs is hard, and when stocks are rising at a double-digit rate, often few will want to sell these investments....
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Chipotle Mexican Grill: Valuation Levels Not Likely Pricing In Realistic Growth Expectations