Meteoric Rise of Chipotle Mexican Grill Stock is Not Over Hosted by MarketBeat StaffMay 1, 2024 ShareLink copied to clipboard. 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 Grill4.8534 of 5 stars$58.63-2.1%N/A54.57 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 MarketBeatMissed Nvidia? Watch this ASAPThis little-known project that Bill Gates has been quietly working on that’s about to unleash an AI breakthrou...Brownstone Research | Sponsored7 Best REITs to Buy as the Interest Rates FallEvery investor knows that certainty is hard to find. But it's relatively easy to find opportunities where mone...MarketBeatMusk’s new company could top a trillion?The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just...Paradigm Press | Sponsored7 Stocks to Buy if You Have $1,000 to InvestA common objection that keeps people from investing is a lack of money. 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Hosted by MarketBeat StaffMay 1, 2024 ShareLink copied to clipboard. 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 Grill4.8534 of 5 stars$58.63-2.1%N/A54.57 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 MarketBeatMissed Nvidia? Watch this ASAPThis little-known project that Bill Gates has been quietly working on that’s about to unleash an AI breakthrou...Brownstone Research | Sponsored7 Best REITs to Buy as the Interest Rates FallEvery investor knows that certainty is hard to find. But it's relatively easy to find opportunities where mone...MarketBeatMusk’s new company could top a trillion?The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just...Paradigm Press | Sponsored7 Stocks to Buy if You Have $1,000 to InvestA common objection that keeps people from investing is a lack of money. But the premise of that objection is t...MarketBeat$2 Trillion Disappears Because of Fed's Secretive New Move$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being c...Stansberry Research | Sponsored7 Best Data Center Stocks to Own for the Long HaulInvesting is often about timing and basic predictive analysis. That is, you want to have your capital in secto...MarketBeat
