Topic: How To Invest

Power Growth Investor Hotline – Friday, November 15, 2024

Article Excerpt

CHIPOTLE MEXICAN GRILL INC., $58.63, is a buy. The stock (symbol CMG on New York) lets you tap this Mexican restaurant chain, headquartered in Denver. The company is a fast-food leader charging slightly higher prices than its competitors but offering better quality food, including naturally raised meat. The company recently lost CEO Brian Niccol to Starbucks, where he has taken over as its CEO. Meanwhile, Chipotle has just announced its new CEO as Scott Boatwright. He has been interim CEO since Niccol left in August. Prior to that, Boatright served as chief operating officer at Chipotle, beginning in 2017. Before coming to the company, Boatwright spent 18 years at Arby’s Restaurant Group in various leadership roles, last serving as senior vice president of operations. Notably, as chief operating officer he was a strong proponent of bringing Chipotlane drive-thrus to a majority of the chain’s newly build restaurants. Boatwright was also instrumental in leading technology developments in the chain’s restaurants. That’s a plus, as the…