Investors Are Convinced They've Found the Next Chipotle
The Motley Fool
JUNE 19, 2023
Since it first came to the public markets with a 100% gain in its 2006 debut, Chipotle Mexican Grill (NYSE: CMG) has been a stock market darling. It routinely trades north of 50 times earnings -- nearly double of most other restaurant stocks, or more. Shares have climbed 45-fold since that initial public offering (IPO) and 375% since the beginning of 2019.
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