S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
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3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

Chipotle Mexican Grill (CMG) Stock Price, News & Analysis

$2,870.07
-37.90 (-1.30%)
(As of 04/19/2024 ET)
Today's Range
$2,847.50
$2,918.41
50-Day Range
$2,569.48
$2,990.69
52-Week Range
$1,768.64
$3,023.98
Volume
441,773 shs
Average Volume
234,112 shs
Market Capitalization
$78.70 billion
P/E Ratio
64.71
Dividend Yield
N/A
Price Target
$2,759.14

Chipotle Mexican Grill MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
3.9% Downside
$2,759.14 Price Target
Short Interest
Healthy
2.78% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.96
Upright™ Environmental Score
News Sentiment
0.70mentions of Chipotle Mexican Grill in the last 14 days
Based on 31 Articles This Week
Insider Trading
Selling Shares
$18.32 M Sold Last Quarter
Proj. Earnings Growth
21.44%
From $53.36 to $64.80 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.05 out of 5 stars

Retail/Wholesale Sector

65th out of 195 stocks

Eating Places Industry

12th out of 40 stocks

CMG stock logo

About Chipotle Mexican Grill Stock (NYSE:CMG)

Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom. Chipotle Mexican Grill, Inc. was founded in 1993 and is headquartered in Newport Beach, California.

CMG Stock Price History

CMG Stock News Headlines

4 Overbought Household Names, Time for a Pullback? (CMG)
GE, CMG, FDX, and GPS are among the most overbought stocks in the U.S. market, hinting at potential pullback tendencies as investors may seek to secure profits.
4 Overbought Household Names, Time for a Pullback?
Amidst the ongoing surge led by the semiconductor sector, the Artificial Intelligence revolution, and  Nvidia Corp. NASDAQ: NVDA, which is steering the S&P 500 to new heights, several overbought scenarios have developed in individual stocks. These scenarios may have sparked investor concerns over potential overvaluations, resulting in pullbacks and corrections in select stocks.
Tiny Biotech Stock Wins $75 Billion Patent
A little-known biotech has been quietly working on revolutionary treatments for neurodegenerative diseases. Most people have never heard of them... but those in the know have been taking notice. Jeff Bezos cut them a check for $130 million. Fidelity Biosciences for a further $217 million. They've even had several collaborative partnerships with much larger companies like Biogen, Sanofi, and Takeda.
MarketBeat Week in Review – 3/18 – 3/22 (CMG)
Investors took a breather after the Fed-induced rally and before a shortened trading week that will include plenty of economic reports that could move markets
Chipotle Stock Shoots Higher, Announcing 50 for 1 Stock Split
Shares of Chipotle Mexican Grill Inc. NYSE: CMG shot up nearly 6% in after-hours and pre-market trading after the company announced that its Board of Directors had approved a 50-for-1 stock split. The split must still receive shareholder approval.
Chipotle Stock Shoots Higher, Announcing 50 for 1 Stock Split
Chipotle stock is approaching a new record high after announcing a 50-for-1 stock split which will make CMG shares more accessible for retail investors
This Sector Ready to Outshine Key Rival, Says New Report
That's despite a one-month outperformance of the Consumer Staples Select Sector SPDR Fund NYSEARCA: XLP relative to the Consumer Discretionary Select Sector SPDR Fund NYSEARCA: XLY.
Tiny Biotech Stock Wins $75 Billion Patent
A little-known biotech has been quietly working on revolutionary treatments for neurodegenerative diseases. Most people have never heard of them... but those in the know have been taking notice. Jeff Bezos cut them a check for $130 million. Fidelity Biosciences for a further $217 million. They've even had several collaborative partnerships with much larger companies like Biogen, Sanofi, and Takeda.
This Sector Ready to Outshine Key Rival, Says New Report (CMG)
Consumer discretionary stocks are likely to outpace consumer staples, says Bank of America. Consumers' resilience and greater automation are driving growth.
The best restaurant stocks enduring through inflation
3 Explosive Growth Stocks to Buy as Q2 Gets Underway
Chipotle: Buy, Sell, or Hold?
Chipotle Mexican Grill (NYSE:CMG) Trading Down 0.5%
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
4/19/2024
Next Earnings (Confirmed)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Eating places
Sub-Industry
Restaurants
CUSIP
16965610
Employees
116,068
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$2,759.14
High Stock Price Target
$3,400.00
Low Stock Price Target
$1,750.00
Potential Upside/Downside
-3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
28 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
16.42%

Debt

Sales & Book Value

Annual Sales
$9.87 billion
Cash Flow
$56.18 per share
Book Value
$111.58 per share

Miscellaneous

Free Float
27,158,000
Market Cap
$78.54 billion
Optionable
Optionable
Beta
1.28

Social Links

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Should I Buy Chipotle Mexican Grill Stock? CMG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Chipotle Mexican Grill, Inc.:

  • Chipotle Mexican Grill has shown consistent growth in revenue and profitability over recent quarters, indicating a strong financial performance.
  • The company has a solid presence in multiple countries, diversifying its revenue streams and reducing dependency on a single market.
  • Chipotle's focus on digital innovation, including delivery services through its app and website, has positioned it well in the evolving consumer landscape.
  • Recent positive analyst ratings and recommendations for Chipotle Mexican Grill stock suggest a favorable outlook for potential investors.
  • Despite fluctuations, Chipotle's stock price has shown resilience and potential for long-term growth, making it an attractive investment option.

Cons

Investors should be bearish about investing in Chipotle Mexican Grill, Inc. for these reasons:

  • Chipotle's heavy reliance on the restaurant industry makes it vulnerable to economic downturns and shifts in consumer preferences, posing a risk to its financial stability.
  • Increased competition in the fast-casual dining sector could impact Chipotle's market share and profitability in the future.
  • Concerns about food safety and quality issues in the past have led to reputational damage for Chipotle, potentially affecting consumer trust and brand loyalty.
  • Fluctuations in commodity prices, particularly for ingredients like avocados and meat, could impact Chipotle's operating costs and profit margins.
  • Regulatory changes or legal issues related to labor practices, health regulations, or advertising could pose challenges for Chipotle's operations and financial performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Chipotle Mexican Grill pros and cons to contact@marketbeat.com.

CMG Stock Analysis - Frequently Asked Questions

Should I buy or sell Chipotle Mexican Grill stock right now?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chipotle Mexican Grill in the last year. There are currently 10 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CMG shares.
View CMG analyst ratings
or view top-rated stocks.

What is Chipotle Mexican Grill's stock price target for 2024?

28 brokerages have issued twelve-month target prices for Chipotle Mexican Grill's shares. Their CMG share price targets range from $1,750.00 to $3,400.00. On average, they anticipate the company's share price to reach $2,759.14 in the next year. This suggests that the stock has a possible downside of 3.9%.
View analysts price targets for CMG
or view top-rated stocks among Wall Street analysts.

How have CMG shares performed in 2024?

Chipotle Mexican Grill's stock was trading at $2,286.96 on January 1st, 2024. Since then, CMG shares have increased by 25.5% and is now trading at $2,870.07.
View the best growth stocks for 2024 here
.

Are investors shorting Chipotle Mexican Grill?

Chipotle Mexican Grill saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 733,100 shares, an increase of 7.3% from the February 29th total of 683,300 shares. Based on an average daily volume of 222,800 shares, the days-to-cover ratio is presently 3.3 days. Approximately 2.7% of the company's shares are sold short.
View Chipotle Mexican Grill's Short Interest
.

When is Chipotle Mexican Grill's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our CMG earnings forecast
.

How can I listen to Chipotle Mexican Grill's earnings call?

Chipotle Mexican Grill will be holding an earnings conference call on Wednesday, April 24th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Chipotle Mexican Grill's earnings last quarter?

Chipotle Mexican Grill, Inc. (NYSE:CMG) issued its quarterly earnings results on Tuesday, February, 6th. The restaurant operator reported $10.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.73 by $0.63. The restaurant operator had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.49 billion. Chipotle Mexican Grill had a trailing twelve-month return on equity of 44.41% and a net margin of 12.45%. The company's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm earned $8.29 earnings per share.
Read the conference call transcript
.

When did Chipotle Mexican Grill's stock split?

Chipotle Mexican Grill shares split on the morning of Wednesday, June 26th 2024. The 50-1 split was announced on Tuesday, March 19th 2024. The newly issued shares will be payable to shareholders after the market closes on Tuesday, June 25th 2024. An investor that had 100 shares of stock prior to the split would have 5,000 shares after the split.

What is Brian Niccol's approval rating as Chipotle Mexican Grill's CEO?

1,104 employees have rated Chipotle Mexican Grill Chief Executive Officer Brian Niccol on Glassdoor.com. Brian Niccol has an approval rating of 70% among the company's employees.

What other stocks do shareholders of Chipotle Mexican Grill own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Chipotle Mexican Grill investors own include Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), BlackRock (BLK), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), AutoZone (AZO), Accenture (ACN) and Zoetis (ZTS).

Who are Chipotle Mexican Grill's major shareholders?

Chipotle Mexican Grill's stock is owned by many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.27%), Sumitomo Mitsui Trust Holdings Inc. (0.26%), Global Assets Advisory LLC (0.21%), Park National Corp OH (0.04%), Portman Square Capital LLP (0.00%) and CHURCHILL MANAGEMENT Corp (0.03%). Insiders that own company stock include Albert S Baldocchi, Brian R Niccol, Brian R Niccol, Christopher W Brandt, Curtis E Garner, Curtis E Garner, Jack Hartung, John J Scelfo, Laurie Schalow, Marissa Andrada, Matt Carey, Patricia Filikrushel, Pershing Square Capital Manage, Robin S Hickenlooper, Roger E Theodoredis and Scott Boatwright.
View institutional ownership trends
.

How do I buy shares of Chipotle Mexican Grill?

Shares of CMG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Chipotle Mexican Grill have any subsidiaries?
The following companies are subsidiares of Chipotle Mexican Grill: CMG Concessions LLC, CMG Pepper LLC, CMG Strategy Co. LLC, CMG of Prince Georges LLC, CMGGC LLC, Chipotle Mexican Grill Canada Corp., Chipotle Mexican Grill France SAS, Chipotle Mexican Grill Germany GMBH, Chipotle Mexican Grill Holdings GmbH, Chipotle Mexican Grill Management GmbH, Chipotle Mexican Grill Texas Holdings LLC, Chipotle Mexican Grill U.S. Finance Co. LLC, Chipotle Mexican Grill UK Limited, Chipotle Mexican Grill of Berwyn Heights LLC, Chipotle Mexican Grill of Colorado LLC, Chipotle Mexican Grill of Kansas LLC, Chipotle Mexican Grill of Maryland LLC, Chipotle Services LLC, Chipotle Texas LLC, EMEA Tortilla Ltd., N793WF Lease LLC, PL Restaurant Holdings LLC, and PL Restaurant LLC.
Read More
This page (NYSE:CMG) was last updated on 4/19/2024 by MarketBeat.com Staff

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