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BUY
The stock rallied early this year, then faltered, though has come back recently. It still lags the S&P YTD by 3%. CMG soared last year by getting ahead of the curve using a strong online platform. They keep delivering great numbers, though expectations have been sky high which has triggered sell-offs; investors sold on good news. Fears of food and labour inflation are baked into the shares. In fact, food prices, such as wheat, have come down recently. Investors are unfairly punishing CMG for not offering full-year guidance. Earnings growth has been amazing, so give them a break. Shares are up 13% in June. They keep rolling out popular menu items, like a customize quesadilla. They should gain more market share. Trades at 63x this year's earnings, so it's not cheap though, but was trading 70x earlier this year. If it trades 20 points higher, it will trigger a breakout.
food services
STRONG BUY
They reported a great quarter today with their beer business up 10.7% vs. the street's 8%. Their wine and spirits business boasted 16% organic growth though margins were a little light. The company announced a $500 million share buyback. They slightly raised their EPS forecast, too. Shares jumped $3 today, but still $10 below May's highs. They don't get enough credit for the great reopening.
breweries
beverages
BUY
It was the top performer on the S&P in the first half of 2021. Boasted 78% revenue growth vs. the street's expected 56%. Demand is up 109% year over year, and the adjusted operating margin jumped from 10% to 22.6% He foresees $6 billion in sales in a few year's time. He still sees upside in the second half of 2021, driven by a smart CEO who believes there will be a Roaring 20s spending spree in the economy to. They have staying power. Shares are up 162% over the past year.
Consumer Products
