2024-07-04 10:21:00 ET
Chipotle Mexican Grill (NYSE: CMG) is a perennial market favorite, and it's been getting extra enthusiasm surrounding its recent 50-for-1 stock split . It operates a successful model of developing healthy Mexican-style dishes using fresh ingredients, and it targets an affluent clientele that's resilient under inflationary conditions.
Despite its premium valuation, Chipotle's stock continues to climb, demonstrating that it can carry a price-to-earnings ratio of 66 because its business performance is just that reliable. How much money would you have if you'd invested $1,000 in Chipotle stock five years ago?
Chipotle consistently reports strong increases in revenue, comparable sales , and profits, and that trend continued through the early years of the pandemic when similar restaurant chains were floundering. It has a compelling pricing model with food that's affordable to its upscale customers even if they're cutting down on luxuries (and certainly when they're not).
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If You'd Invested $1,000 in Chipotle Mexican Grill Stock 5 Years Ago, Here's How Much You'd Have Today