Stock of the week: “Chipotle Mexican Grill Inc”
Chipotle Mexican Grill, Inc. develops and operates classically-cooked, real food with wholesome ingredients without artificial colors, flavors, or preservatives. It offers a focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.
The popular Tex-Mex chain just reported a strong quarter and was able to boost same-store sales by 7.6% on a year-over-year basis. It indicates that the company’s restaurants keep increasing their productivity.
The company's digital presence played an essential role during the height of the pandemic, increasing accessibility and convenience for customers. Dining out is making a comeback, and that's whetting our appetites.
Financial social media sentiment is “positive” in both absolute and relative terms – on its own and when compared to the sentiment of the sector and the sentiment of the stock index.
Analysts' consensus rating is "buy" - out of the 35 bank analysts covering the company, 25 recommend buying the stock, and 10 recommend holding it. The upside potential of the stock price expected by the analysts on average over the next 6-12 months is currently 21.03% (reference close of business 21/11/2022).
Attention buzz is currently “low”.
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