Reported about 6 hours ago
Billionaire investor Bill Ackman has a significant stake in Chipotle Mexican Grill, which has seen its stock price surge by 91% over the last two years. Despite the company's impressive growth and profitability, it currently trades at a high price-to-earnings ratio of 54, raising concerns about its valuation. While some investors may be willing to overlook this for a quality business, others are advised to treat Chipotle as a watchlist candidate until a market correction occurs.
Source: YAHOO