Best Stocks of the Bull Market #10: Chipotle Mexican Grill (CMG)
Market Capitalization: $18.4 billion
Total Return Since 3/9/2009: 1,108%
Chipotle Mexican Grill (CMG) has been on a tear since the bear market lows. But unlike some of the other stocks on this list, the surge since 2009 has only a small amount to do with a relief rally and a lot to do with aggressive expansion and rapid growth for the restaurant chain.
In its 2009 annual report, Chipotle showed about $1.5 billion in total sales. In 2013, that figure was just more than $3.2 billion.
As consumers turn away from typical fast-food fare and look for options that are fresher and less processed, CMG stock should continue to do well.
Take Chipotle’s big pop after strong January earnings the latest proof.