Please explain the Chipotle valuation with a straight face. Doing some quick googles.. 120 burritos per hour, 1,320 burritos a day sold out of 2245 location nation wide. Approximately, $13k daily in gross profit. The profit margin on a burrito I imagine can't be more than 5 dollars. Net profit of 6.6kish daily? 2.4ish mil net yearly on the menu item of a burrito per location.
Operating cost of 200ish million? Net income 172 million? Seems like some locations aren't pulling their weight?
Ready for the kicker?.. Market Capitalization 13.2 Billion.
I believe this Chipotle ticker is one of the leading edges of the asset bubble..
Operating cost of 200ish million? Net income 172 million? Seems like some locations aren't pulling their weight?
Ready for the kicker?.. Market Capitalization 13.2 Billion.
I believe this Chipotle ticker is one of the leading edges of the asset bubble..
