We recently published a list of the 10 Stocks to Buy and Sell Before the Third Quarter 2024 According to Jim Cramer. Since Chipotle Mexican Grill Inc (NYSE:CMG) ranks 4th on the list, it deserves a deeper look. Jim Cramer in a latest program discussed the changing consumer trends in the US, wondering whether the consumer […]
Tag: NYSECMG
At 67x Earnings, Chipotle Stock (NYSE:CMG) Is a Market Anomaly
Chipotle Mexican Grill (NYSE:CMG) owns and operates over 3,400 Mexican restaurants across five different countries. Investors have bid up its shares to 67x earnings, touting the company’s growth, drive-throughs, recession-resistant demand, and balance sheet. However, at current interest rates, Chipotle’s valuation is a market anomaly. The yield on government bonds far exceeds Chipotle’s earnings yield, […]