# Chipotle Stock: A Tasty Dip? 🌮🚀

Wall Street's not loving Chipotle Mexican Grill lately. The once-hot burrito giant seems kinda cold now. Up only 60% over five years? Meh. And that 40% tumble from mid-2023 highs? Ouch.

Got some fresh salsa, though. Chris Luyckx at Rothschild & Co Redburn just slapped a "buy" rating on it. $55 target. That's 32% upside! The guy thinks Chipotle's problems aren't permanent. Just a phase.

The numbers weren't pretty. Negative comps early this year. Down 0.4% in Q1. Worse in Q2—dropped 4%. Still, CEO Scott Boatwright went on Mad Money acting all confident. Mid-single-digit growth coming back? Maybe. Their crystal ball shows positive comps in late 2025. We'll see.

They're not just waiting around. Carne asada's back! After two years! It seems Chipotle finally realized its menu can actually change. Food connects us all. Chipotle apparently just remembered that.

Two interesting value angles here:

1. Chipotle's looking cheaper compared to those fancy salad places charging 25-30% more. Fast food joints ditched their dollar menus. Chipotle's value looks better now.

2. Stock trades at 31x forward earnings. Under 30x next year's target. Not exactly bargain bin stuff, but it's the lowest forward multiple since 2015. Kind of surprising.

Growth isn't what it used to be. Chipotle's grown up. But timing might be perfect—stock down big just as comps might turn positive? That's worth a look. The Chipotle conversation is shifting. Feels like something's cooking again. 🌕