Chipotle (CMG) Stock Rises 51% in a Year: More Upside Left?
CMGChipotle Mexican Grill(CMG) zacks.com·2024-05-22 01:20

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 ...