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The fast-casual stock is losing the leader who oversaw its most exciting growth.
We recently learned that Chipotle's (CMG 0.31%) highly successful CEO, Brian Niccol, has been hired by Starbucks (SBUX 0.28%) to turn the slumping coffee giant around. Should Chipotle investors be worried, or is any weakness in the stock a long-term buying opportunity?
*Stock prices used were the morning prices of Aug. 20, 2024. The video was published on Aug. 21, 2024.
Matt Frankel has positions in Starbucks. Rick Munarriz has no position in any of the stocks mentioned. 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.
Matthew Frankel 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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