5 Best Fast Food Stocks to Invest In

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

Number of Hedge Fund Holders: 42

Chipotle Mexican Grill, Inc. (NYSE:CMG) owns and operates the Chipotle Mexican Grill restaurants offering burritos, quesadillas, tacos, and more. It is based in Newport Beach, California.

A Buy rating was reiterated on Chipotle Mexican Grill, Inc. (NYSE:CMG) shares by Jake Bartlett at Truist on April 26.

Analysts see Chipotle Mexican Grill, Inc. (NYSE:CMG) as a Moderate Buy, considering the stock has 20 Buy ratings and seven Hold ratings. In the fiscal first quarter of 2023, the company generated revenues of $2.37 billion, representing an increase of 17.23%.

There were 42 hedge funds long Chipotle Mexican Grill, Inc. (NYSE:CMG) in the fourth quarter, with a total stake value of $2.8 billion.

Ensemble Capital Management, an investment management company, mentioned Chipotle Mexican Grill, Inc. (NYSE:CMG) in its first-quarter 2023 investor letter. Here’s what the firm said:

“Chipotle Mexican Grill, Inc. (NYSE:CMG) (+23.12%): The company continues to attract loyal customers to their all natural, fresh food alternative to the highly processes, junk food sold by most fast food companies. Despite needing to raise prices by double digit rates to offset inflation in food prices and higher labor costs, the company has seen resilient customer demand. While digital orders have fallen from peak COVID levels, digital sales stabilized in the fourth quarter at approximately 40% of all orders or twice the volume seen pre-COVID. The company has remained busy opening new locations with a focus on those that can support a Chipotlane, the company’s drive through concept that leverages customers’ ability to order ahead on their phones to make pick up times very short. Today, 18% of all locations have a Chipotlane pick up option compared to just 3% pre-COVID.”