Cava looks like a "second-chance" stock for those who missed Chipotle. Chipotle is more established and could have more potential for growth with its international presence.
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.
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Chipotle Mexican Grill's CEO just quit to join Starbucks. Investors were not pleased with the surprise departure of the CEO and sold Chipotle stock.
Chipotle's current CEO is leaving the company to lead Starbucks. Chipotle's revenue has more than doubled during the past five years.
In a surprise move, Chipotle lost its CEO to Starbucks. However, the company has a tried-and-true recipe for success firmly in place.
As of the second quarter, hedge fund billionaire Bill Ackman had 37% of his Pershing Square portfolio allocated to Alphabet and Chipotle Mexican Grill Alphabet is facing antitrust lawsuits, but any legal action is unlikely to impair its dominance in digital advertising or its momentum in cloud computing. Chipotle reported an increase in same-store sales and customer traffic during the second quarter even as those metrics declined across the broader restaurant industry.
Chipotle (CMG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
"Brian has built an extraordinary team at Chipotle that we expect will not lose a step in his departure," Ackman wrote to shareholders.
Chipotle stock tumbled after CEO Brian Niccol said he's leaving to take the CEO job at Starbucks. The sell-off seems to offer a buying opportunity.
Many investors seem to be rushing to buy their favorite stocks after the latest market dip. Indeed, the bounce back from the near-correction for the S&P 500 seems almost as sudden as the plunge that began behind a weak jobs number.
Wedbush analyst Nick Setyan said Chipotle Mexican Grill Inc. “remains in very good hands” despite a leadership shakeup that caught Wall Street by surprise.