No doubt Chipotle Mexican Grill (CMG) is a great company. They dominate the fast casual space with quick, high quality food at a reasonable price. But the latter – reasonably priced – can no longer be said of their shares. After a 25% rally so far this year, CMG stock is approaching a 50x P/E on current year earnings heading into Tuesday afternoon’s 4Q22 report. Anything less than a perfect report could lead to a selloff in shares.
#earnings for the week https://t.co/lObOE0dgsr $ENPH $PYPL $ON $UBER $DIS $TSN $RCL $CVS $PINS $BP $ATVI $CMI $PEP $ABBV $CMG $TTWO $NBIX $CNA $IDXX $AMG $NET $ENR $CG $FTNT $RTCO $HTZ $AFRM $ALCO $TKR $CGC $APPS $HOOD $WEN $AGCO $CNC $NSSC $LYFT $SWKS $D $ZI $J $SAVE $YUM pic.twitter.com/Wt5wz7vyZf
— Earnings Whispers (@eWhispers) February 4, 2023
Man was it hot today. According to weather.com the high for today out here in Granite Bay was 113! And I sure felt it. I have to say that this kind of heat really puts me in a bad mood. …
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