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Chipotle (#CMG) stock has rewarded investors well. Over the past five years, the stock is up +208, which is an average yearly gain of +41%. Will CMG stock continue to go up? This past April, #Chipotle announced Q1 earnings and gave numbers that could point to more growth to come.
They reported Q1 Non-GAAP EPS of $5.36 (beats by $0.45) and revenue of $1.74B (+23.4% Y/Y).
Since reporting, shares are down -15% and it's possible that they're down because management failed to give 2021 guidance due to COVID-19. Also, inflation fears could be spooking investors as food prices and labor go up But, they did announced that there should be 200 new restaurants being opened, which should boost revenues further.