Is It Too Late to Buy Chipotle Stock?

·3-min read
Is It Too Late to Buy Chipotle Stock?

Chipotle Mexican Grill (NYSE: CMG) reported massive revenue and earnings gains in its second-quarter earnings report released Tuesday, and the company's stock price soared by more than 11% in Wednesday trading following this news. The fast-casual restaurant chain's stock price has risen to record levels, and forecasts suggest that Chipotle will not sustain its current growth rate. Such factors raise the question of whether investors have missed the opportunity to profit from Chipotle stock.

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