Market's view on Tortilla Mexic
Published on April 2024
- Chipotle has achieved a market cap of over $80 billion and is growing faster than expected.
- There are questions about the upcoming year-end results to be announced on the 24th.
- A stock watcher sold their shares at a profit, needing the capital for another investment.
- Recent stock movements suggest interest from investors, including notable purchases by Hanover and Luke J.
- Wahaca competes directly with Chipotle by offering fast food burritos from food trucks alongside their main restaurants.
- Luke Johnson, known for his involvement with successful restaurant businesses, has recently acquired a 3.62% stake in Tortilla, making him the 10th largest shareholder.
- There are concerns that Chipotle’s product superiority might overshadow Tortilla in the UK market.
- The Mexican casual dining sector seems undervalued, with Tortilla valued at under $20 million compared to Chipotle’s $70 billion.
- Restaurant businesses are experiencing tough times with rising costs, but there is potential for growth as big brands might explore new opportunities on high streets using concepts like MEX.
- There are mixed views about the management of previous business ventures by prominent stakeholders in the industry.
- Observations that some Tortilla outlets, like the one in Belfast and Bristol Airport, appear busy, hinting at varying degrees of success.