Topic: How To Invest

Power Growth Investor Hotline – Friday, February 7, 2020

Article Excerpt

CHIPOTLE MEXICAN GRILL INC., $864.22, is a buy. The stock, symbol CMG on New York, lets you tap a Mexican restaurant chain, headquartered in Denver. Through their shares, investors are tapping a fast-food leader that charges slightly higher prices than its competitors, but offers better quality food, including naturally raised meat. The restaurants also tout superior decor and service. In the three months ended December 31, 2019, sales rose 17.6%, to $1.40 billion from $1.23 billion a year earlier. The gain came from a record 80 restaurant openings. This included 46 restaurants with a Chipotlane. That’s a drive-thru lane where customers are able to place their order through the company’s mobile app or via its website, then pick their orders in the Chipotlane. The addition of 46 new lanes brings the chain’s total to 66. For 2020, the company anticipates opening 150 to 165 new restaurants with more than half including a Chipotlane. In the quarter, same-restaurant sales at its 2,622 existing locations…