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It seems like the brand name at Chipotle never really tires with their customer base, he said.
Although the stock is expensive, he likes the company s high growth rate and expects to see Chipotle average around 25% earnings growth over the next four years. That s a rarity in this market, so I would fall with Chipotle, he said. I think that the premium is warranted.
Shifting gears to J.M. Smucker, Binger is bearish on the staples stock. That s more of a mature company, and you re counting on not earnings growth but you re counting on multiple expansion, he said. To me, multiple expansion is a tougher play.