13 Best Consumer Discretionary Stocks To Buy Now

4. Chipotle Mexican Grill, Inc. (NYSE:CMG)

Number of Hedge Fund Holders: 78

Chipotle Mexican Grill, Inc. (NYSE:CMG) ranks among the best consumer discretionary stocks to buy now. On June 18, TD Cowen reaffirmed its Buy rating and $57 price target for Chipotle Mexican Grill, Inc. (NYSE:CMG), stating that it is confident in the company’s strategy despite the challenges affecting the industry.

In contrast to consensus expectations of 0.8% and 4.4% for 2025 and 2026, respectively, the research firm stuck to its same-store sales projections of 0.6% and 5.0%. According to TD Cowen, Chipotle Mexican Grill, Inc. (NYSE:CMG) is taking the right steps to boost short-term traffic and reach $4 million in sales volumes.

Instead of execution issues, TD Cowen blames Chipotle’s recent sales slowdown on challenging macroeconomic conditions. The endorsement is further proven by Chipotle being the firm’s “#3 pick” and preferred large-cap name in the restaurant industry.

Chipotle Mexican Grill, Inc. (NYSE:CMG) is a fast-casual restaurant chain that specializes in Mexican-inspired food, including salads, bowls, tacos, and burritos. The restaurant chain runs more than 3,500 outlets across the US, Canada, Europe, and the Middle East.