Chipotle’s Ability to Create a Digital Moat is the Reason to Expect a Pop Towards the End of the Year

Chipotle Mexican Grill’s (CMG) share price has had a great 2019, reaching an all-time high of $843.64 in August and nearly again last week at $843.29.  Wedbush’s Nick Setyan covers Chipotle and has recently reported as upgrading his rating of the stock from neutral to a buy. He looks at Chipotle’s app and digital sales and that success in essence creates a digital moat that can help propel the company into higher numbers towards the end of this year.

For more on Nick Setyan’s comments: Chipotle’s share price is flaming hot, but is there any upside left?

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