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Benzinga
Benzinga
Business
Robert Kuczmarski

This Chipotle Analyst Sees Further Upside In 2023 As The Cost Of Dining In Overtakes Dining Out

Chipotle Inflation Chipotle Mexican Grill NYSE Oppenheimer

Food inflation is now up 11.2% for the 12 months ending in September, and the figure has a striking detail: food at home inflation is up 13%, while food away from home is only up 8.5% over the last 12 months.

Here's why one analyst is bullish on a restaurant stock against today's inflationary backdrop. 

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