“Massive News for Chipotle and Starbucks Investors | CMG Stock SBUX Stock”
CMG is fairly priced at ~$33 after rising to the $32 fair value estimate; no longer a buy.
We have huge news for Starbucks and Chipotle stock investors, according to the Financial Times. Starbucks is working with advisors Evercore ISI on a potential acquisition of Chipotle.
This is big news, and if you didn't know, Starbucks' current CEO , Brian Nicol, was the CEO of Chipotle before Starbucks lured him in with a huge offer that encouraged him to join as a leader.