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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
“Would you like any mild, medium or hot salsa? Any corn, sour cream or cheese?”
If the above sounds familiar, and I’ll bet it does, you probably frequent Chipotle Mexican Grill, Inc. (NYSE:CMG). And it’s no secret investors in Chipotle have been adding guacamole to their returns over the past 5 years.
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Since September 2017, Chipotle stock's return has outperformed a number of the world’s most popular tech and software companies: Apple Inc (NASDAQ:AAPL), NVIDIA Corporation (NASDAQ:NVDA), Microsoft Corporation (NASDAQ:MSFT), Ford Motor Company (NYSE:F), Starbucks Corporation (NASDAQ: SBUX, Walt Disney Co (NYSE: DIS) and Amazon.com, Inc. (NASDAQ:AMZN).
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $7.5 billion in 2021. The Mexican concept is entirely company-owned, with a footprint of more than 3,000 stores, heavily indexed to the United States.
Chipotle sells burritos, burrito bowls, tacos, quesadillas and beverages, with a selling proposition built around competitive prices, high-quality food sourcing and speed of service.
Here's how the returns break down from September 2017 to present:
- Apple is up from $38.53 a share to $150.43 for a return of 290.42%
- Nvidia is up from $44.69 to $125.16 for a return of 180.06%
- Microsoft is up from $74.49 to $237.92 for a return of 219.40%
- Ford is up from $11.97 to $12.31 for a return of 2.84%
- Starbucks is up from $53.71 to $84.17 for a return of 56.71%
- Disney is flat from $98.57 to $99.50
- Amazon is up from $48.07 to $113.78 for a return of 136.70%
- And finally, Chipotle is up from $307.83 a share to $1,557.52 for a return of 405.97%
Photo: Courtesy Chipotle
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.