Shares of Chipotle Mexican Grill, Inc. (CMG) have risen 51.1% over the past year against a 4.1% decline in the overall industry. The company’s success is largely driven by strong digital initiatives, effective product branding and innovative menu offerings.The Zacks Rank #3 (Hold) company boasts an impressive long-term earnings growth rate of 22.7%. Projections for 2024 indicate that its earnings and revenues are expected to increase 23.2% and 15%, respectively, from the year-ago levels. Nevertheless, risin ...

April’s CPI print casts a dark shadow over restaurant stocks to buy. Dining-out costs continue to outweigh those of eating at home by a sizable margin. Hence, restaurant stocks are likely to be impacted by a more cautious consumer amidst a worsening economic outlook. Keeping that in mind, investors should separate the wheat from the chaff, investing in the best restaurant stocks to buy.The growing disparity between the inflation rates for food at home and food away from home will significantly impact consum ...

Key PointsBill Ackman's fund reduced its stake in Chipotle stock, spooking some investors in all the wrong ways.Like a risk-management practice, this reduction has nothing to do with the company's underlying fundamentals.Despite outperforming its peers, analysts see double-digit EPS growth and upside left in Chipotle.5 stocks we like better than StarbucksInvestors may feel uneasy seeing one of Wall Street’s top value investors, Bill Ackman, sell a stock. Reducing or even bailing out of a company could send ...

In this articleCMGMCDSBUXHDSGDALWMTPEPTGTPeople walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty ImagesWith higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels aren't.The most recent round of quarterly earnings reports helped to sort companies into largely two camps: McDonald's, Starbucks and Home Depot wer ...

Buying food at a restaurant is more convenient than making it yourself. You can also find restaurants with tasty and healthy options. These dynamics have resulted in billion-dollar corporations emerging as household names.However, some restaurants have been facing pushback for their higher prices. Some people are opting to prepare meals at home to save money, and the trend can continue as the cost of living remains elevated. Luckily, some restaurant stocks to buy are still performing well, including these t ...

Chipotle Mexican Grill (CMG) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this Mexican food chain have returned +8%, compared to the Zacks S&P 500 composite's +2.5% change. During this period, the Zacks Retail - Restaurants industry, which Chipotle falls in, has gained 0.7%. The key question now is: What could be the stock's future direction?Alt ...

It's one of his hedge fund's top holdings.Investors follow hedge fund managers because billionaires who manage money for other rich people are an obvious source of investing inspiration.Well-known billionaire Bill Ackman leads Pershing Square Capital, which manages $18.6 billion in assets. He's a big fan of Chipotle Mexican Grill (CMG 0.19%), and it's not hard to see why. Chipotle is a no-brainer stock to own that regularly cranks out higher sales and profits, and it has created incredible shareholder wealt ...

High-income consumers helped Chipotle Mexican Grill, Wingstop and Sweetgreen report strong sales this quarter, bucking the broader consumer slowdown that's been hurting other eateries.As a whole, the restaurant industry has seen sales slump and traffic decline as customers pull back their spending. McDonald's, Starbucks and KFC owner Yum Brands were among the restaurant companies that reported a weak start to 2024.McDonald's CEO Chris Kempczinski said diners are hunting for deals and good value; the chain i ...

Can the stock continue rallying higher this year?One of the top growth stocks in the restaurant business is undoubtedly Chipotle Mexican Grill (CMG 0.19%). It's often associated with high growth and success, with its strong numbers serving as benchmarks for other businesses.Investors are frequently willing to pay significant premiums for a business like Chipotle, and that's evident in its valuation. Currently, the stock trades at an all-time high, up around 40% this year. But has the valuation finally becom ...

Chipotle continues to reward long-term investors.Chipotle Mexican Grill (CMG 1.56%) has been one of the most reliable growth stocks on the market since its IPO in 2006.With the exception of the three-year period when the company's performance was marred by an E. coli outbreak, Chipotle has delivered solid growth year in and year out.The company recently announced a 50-for-1 stock split, rewarding longtime shareholders with an upcoming reset in the stock price as the stock has been more than a 50-bagger sinc ...