S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20

7 Growth Stocks to Buy as the Market Slumps - 1 of 7

 

#1 - Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill logo

I’ve been impressed with how strong of a comeback story exists with Chipotle Mexican Grill (NYSE: CMG). The company has fought its way back from multiple events that would have derailed many companies. In the process, the company has re-established itself as the main choice for fast-casual dining. The company’s focus on food quality will continue in the fall of 2021 with a limited-time Mexican-inspired smoked brisket menu item.

CMG stock has dropped 4% in the last month. Yet even though the stock is still trading near the high-end of its 52-week range, analysts expect a much higher upside. The MarketBeat screener ranks Chipotle ranks as one of the top 10 most upgraded stocks by analysts in the last 90 days. One reason for analyst optimism is the company’s consistent earnings-per-share growth. In the first three quarters of 2021, the company already has outpaced its earnings for all of 2019 which will be the tougher comparison.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.
Current Price
$1,686.88
Consensus Rating
Buy
Ratings Breakdown
19 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$1,992.48 (18.1% Upside)





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