Is It Too Late to Buy Soaring Chipotle (CMG) Stock? – Investing.com
- Date: 16-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Is It Too Late to Buy Soaring Chipotle (CMG) Stock? – Investing.com
Chipotle Mexican Grill (NYSE:) (CMG) shares have skyrocketed 250% in the last three years, as its new CEO, who took over in 2018, prepares for the future while remaining true to the fast-casual burrito chain’s simple, fresh menu. CMG has already returned to new highs following a significant pullback in 2021 ahead of its Q2 FY21 earnings released on July 20.
Fast-Casual Champion
Brian Niccol took over as CEO in March of 2018, after he came over from Yum Brands’ YUM Taco Bell. The new boss didn’t do anything crazy or come up with a new menu item every week, to help CMG fight back from some foodborne illness setbacks. Instead, Chipotle focused on regaining its crown as the standard-bearer of the growing fast-casual industry through a rather consistent menu of fresh and quality ingredients.
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