#3 - Chipotle Mexican Grill (NYSE:CMG)
Even before the pandemic, savvy restaurant chains understood that younger consumers were trending towards takeout and food delivery. However, not every company has been able to take advantage of that trend. Chipotle Mexican Grill (NYSE:CMG) is an exception.
Chipotle helped create the fast-casual category. And so when the pandemic hit, the company was in an ideal position to prosper. The company’s commitment to a fast, efficient digital experience paid off last quarter as the company derived 48.8% of its revenue from digital sales.
And, Chipotle also appeals to a desire for healthy, fresh food options. Plus, Chipotle frequently changes its menu and offers limited-time favorites, such as carne asada, to stimulate pent-up demand in their customers. What makes Chipotle's growth more incredible is that they are maintaining loyalty with consumers even after a food-safety issue that would devastate many companies.
CMG stock is up over 48% for the year and has climbed over 170% since the pandemic.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.
Read More - Current Price
- $3,271.71
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 18 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $3,181.85 (2.7% Downside)
