Shares of Mexican quick-service restaurant (QSR) chain Chipotle (NYSE:CMG) have been going parabolic over the past year at a time when the industry has been in a challenging spot. Undoubtedly, many frequent QSR goers are pulling back, primarily due to recent price increases. As a high-growth industry winner with the ability to take more market share, investors should be taking notice. All things considered, I’m staying bullish on CMG stock going into the second half of the year.
There’s no question that almost everything, including fast food, has become super expensive recently. And if the value isn’t there, consumers are more than fine making their own meals or taking their business to a competitor. Undoubtedly, Chipotle has thrived in this inflationary environment, not because it hasn’t raised prices but because it never was a place to go for cheap eats to begin with.
As the firm doubles down on its expansion while…
