Chipotle Is Still A Tasty Buying Opportunity Despite 20% Drop, Expert Says
CMGChipotle Mexican Grill(CMG) Benzinga·2024-08-20 21:07

Stephanie Link, Chief Investment Strategist & Portfolio Manager at Hightower Advisors, isn't shying away from Chipotle Mexican Grill Inc CMG despite its recent stock decline.The Newport Beach, California-based fast-casual franchise is down more than 20% since June 18. Link started a position in Chipotle when it was down over 13% on Tuesday, Aug. 13.“This was a name we were watching as the market declined because it is a high-quality business, and you typically don't get many opportunities to buy this name o ...