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Getting a proven leader in this industry sets Starbucks up for years of success.
In this video, Motley Fool contributor Jason Hall breaks down how getting Brian Niccol from Chipotle (CMG -1.26%) as its CEO is a massive win for Starbucks (SBUX -1.15%), and why the stock is a buy now.
*Stock prices used were from the morning of Aug. 13, 2024. The video was published on Aug. 13, 2024.
Jason Hall has positions in Chipotle Mexican Grill and Starbucks and has the following options: long September 2024 $61 calls on Chipotle Mexican Grill. The Motley Fool has positions in and recommends Chipotle Mexican Grill and Starbucks. The Motley Fool recommends the following options: short September 2024 $52 puts on Chipotle Mexican Grill. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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