Meteoric Rise of Chipotle Mexican Grill Stock is Not Over → The ONE AI Stock to own now. (It’s not Nvidia.) (From Weiss Ratings) (Ad) Hosted by MarketBeat StaffMay 1, 2024 Share Share Play video for Meteoric Rise of Chipotle Mexican Grill Stock is Not OverDetailsGuestsThe price action in Chipotle Mexican Grill NYSE: CMG has been smoking hot, and it is not over yet. The 1100% gain posted since 2017 is the tip of the iceberg for this fast-growing, fast-casual restaurant that is gaining leverage and on the brink of an international expansion. You might say that the ballistic rise in share prices and high 58X earnings price multiple are reasons to fear a correction, and you would be right, but there is a caveat. The company’s growth plans include doubling the North American business and expanding into international markets: international markets could outpace the North American segment over time, doubling the business again. In this light, corrections may come, but they will be met by eager buyers who drive the stock to new highs because of revenue and earnings growth. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioCMGChipotle Mexican Grill4.3027 of 5 stars$3,140.05-0.9%N/A67.01 Add This Stock to My Watchlist Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. 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Hosted by MarketBeat StaffMay 1, 2024 Share Share Play video for Meteoric Rise of Chipotle Mexican Grill Stock is Not OverDetailsGuestsThe price action in Chipotle Mexican Grill NYSE: CMG has been smoking hot, and it is not over yet. The 1100% gain posted since 2017 is the tip of the iceberg for this fast-growing, fast-casual restaurant that is gaining leverage and on the brink of an international expansion. You might say that the ballistic rise in share prices and high 58X earnings price multiple are reasons to fear a correction, and you would be right, but there is a caveat. The company’s growth plans include doubling the North American business and expanding into international markets: international markets could outpace the North American segment over time, doubling the business again. In this light, corrections may come, but they will be met by eager buyers who drive the stock to new highs because of revenue and earnings growth. Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioCMGChipotle Mexican Grill4.3027 of 5 stars$3,140.05-0.9%N/A67.01 Add This Stock to My Watchlist Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat's Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don't Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. Subscribe on YouTube More From MarketBeatCEO of Biggest AI Chipmaker Just Dropped a Bombshell…from Banyan Hill Publishing10 Cheap Dividend Stocks to Buy Todayfrom MarketBeatForget Bitcoin: This $8 Stock Is the Next Big Thingfrom Behind the Markets10 Best Small Cap Stocks to Buy Nowfrom MarketBeatShocking $16T Elon Musk Crypto Leakfrom Crypto 101 Media10 Best Penny Stocks to Buy Nowfrom MarketBeat