"The Sizzling Surge: Analyzing Chipotle's Stock Price Performance and Future Projections"
Chipotle Mexican Grill, Inc. engages in the development and generates the operation of fast-casual. It is a fresh chipotle stock price food restaurant in the United States which offers a focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company is found in 1993 by Steve Ells whose headquarter is in Newport Beach, CA.
It mainly operated in 5 states United States, United Kingdom, Canada, Germany, and France. Its name derives from chipotle, the Nahuatl name for a smoked and dried jalapeño chili pepper.
PREVIOUS DATA OF STOCK →
History of Chipotle Stock Price
1993: Steve Ells opens the first chipotle stock price in Denver, Colorado.
1995: Second Chipotle restaurant opens.
1997: Six more Chipotle Mexican Grills open, bringing the total to 14.
1998: McDonald's Corporation purchases a minority stake in Chipotle; first units outside Colorado open in Kansas City.
1999: McDonald's purchases majority control of Chipotle; several new markets are entered as store count reaches 37.
2001: Menu begins featuring Niman Ranch free-range pork.
2003: Store count reaches 300.
STOCK PERFORMANCE
Why is Chipotle’s stock price so high?
The chipotle stock price is high because this company has generated wealth for its owners. The Chipotle corporation has transferred the value into a more significant market valuation, resulting in a more excellent share price. The company's stock is more expensive because the corporation brand has only 27.89 million shares. They give a premium share price due to its perceived exclusivity.
Chipotle Mexican Grill appears to be overvalued by 35% at the moment, based on my discounted cash flow valuation. The stock is currently priced at US$1,591 on the market compared to my intrinsic value of $1179.77. With readily available COVID-19 vaccines and treatments, people are more confident to resume their pre-pandemic activities. Chipotle’s first-quarter restaurant sales increased by 33.1% as a result.