Parkev Tatevosian, CFA on $CMG (Oct 30, 2026)
With CMG at $28, near its 52-week low, against an estimated $33.50 fair value, the speaker expects roughly a 20% rise over 12 to 18 months; CMG has held up relatively well amid macro headwinds, and a future Starbucks acquisition is only a possibility.
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Last but not least, Chipotle. This was and still could be one of the best restaurant stocks in the market. It was certainly one of the best restaurant stocks when it was under the leadership of former CEO Brian Nicol, who was recruited by Starbucks and is now the CEO of Starbucks.
And if you missed it, there were rumors that Starbucks tried to acquire Chipotle, but those rumors were debunked and there is no longer any talk of that happening.
However, it could happen again and it could happen in the future as Starbucks decides to make this acquisition because the leader , Brian Nicol, knows this company very well , and that alone could be a major factor in why that acquisition is likely to happen.
Chipotle has performed relatively well amid those macroeconomic headwinds , and the company's fair value has been estimated at $33.50 compared to the current market price of $28, which is close to its lowest level in 52 weeks.
I'm calculating a rise of about 20% for Chipotle here over the next 12 to 18 months.
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Parkev Tatevosian, CFA has 2 calls on this stock; only the adjacent ones are shown.