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

$2,931.73
+8.27 (+0.28%)
(As of 01:00 PM ET)
Today's Range
$2,923.00
$2,945.00
50-Day Range
$2,311.94
$2,955.00
52-Week Range
$1,645.03
$3,023.98
Volume
135,688 shs
Average Volume
230,511 shs
Market Capitalization
$80.39 billion
P/E Ratio
66.10
Dividend Yield
N/A
Price Target
$2,547.85

Chipotle Mexican Grill MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.68 Rating Score
Upside/​Downside
12.5% Downside
$2,566.37 Price Target
Short Interest
Healthy
2.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.96
Upright™ Environmental Score
News Sentiment
0.60mentions of Chipotle Mexican Grill in the last 14 days
Based on 44 Articles This Week
Insider Trading
Selling Shares
$20.83 M Sold Last Quarter
Proj. Earnings Growth
21.67%
From $53.12 to $64.63 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.

4.15 out of 5 stars

Retail/Wholesale Sector

45th out of 204 stocks

Eating Places Industry

6th out of 41 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)
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Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
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.
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
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.
Jack in the Box and the Case for a 30% Rally
According to one analyst team at least, now’s not the time to walk away from Jack in the Box, and if anything, it’s time to start getting excited.
Jack In the Box and the Case For a 30% Rally (CMG)
According to one analyst team at least, now’s not the time to walk away from Jack In The Box, and if anything, it’s time to start getting excited.
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
3/28/2024
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
$2,566.37
High Stock Price Target
$3,300.00
Low Stock Price Target
$1,750.00
Potential Upside/Downside
-13.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.68
Research Coverage
25 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
16.42%

Debt

Sales & Book Value

Annual Sales
$9.87 billion
Cash Flow
$56.39 per share
Book Value
$111.58 per share

Miscellaneous

Free Float
27,158,000
Market Cap
$80.28 billion
Optionable
Optionable
Beta
1.29

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Chipotle Mexican Grill was last updated on Monday, March 25, 2024 at 11:20 PM.

Pros

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

  • Chipotle Mexican Grill has a strong presence in multiple countries, including the United States, Canada, France, Germany, and the United Kingdom, providing geographic diversification.
  • The company offers a variety of popular food items like burritos, burrito bowls, quesadillas, tacos, and salads, catering to a wide customer base.
  • Chipotle Mexican Grill provides delivery and related services through its app and website, adapting to the growing trend of online ordering and delivery services in the food industry.
  • Recent institutional ownership data shows positive trends, indicating confidence from institutional investors in the company's future performance.
  • Despite market fluctuations, Chipotle Mexican Grill's stock price has shown resilience and potential for growth, making it an attractive investment option.

Cons

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

  • Chipotle Mexican Grill operates in the highly competitive restaurant industry, facing challenges from other established and emerging competitors.
  • The company's stock may be susceptible to volatility due to factors like changing consumer preferences, food safety concerns, and economic conditions.
  • Investing in individual stocks like Chipotle Mexican Grill carries inherent risks compared to diversified investment options like index funds or ETFs.
  • Chipotle Mexican Grill's success heavily relies on consumer spending habits, making it vulnerable to economic downturns or shifts in consumer behavior.
  • While the company has shown resilience, investors should carefully consider the valuation and growth prospects of Chipotle Mexican Grill before making investment decisions.

CMG Stock Analysis - Frequently Asked Questions

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

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chipotle Mexican Grill in the last year. There are currently 8 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street research 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?

25 brokers have issued twelve-month price objectives for Chipotle Mexican Grill's stock. Their CMG share price targets range from $1,750.00 to $3,300.00. On average, they expect the company's share price to reach $2,566.37 in the next year. This suggests that the stock has a possible downside of 12.5%.
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 28.2% and is now trading at $2,931.66.
View the best growth stocks for 2024 here
.

Are investors shorting Chipotle Mexican Grill?

Chipotle Mexican Grill saw a increase in short interest in 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 trading volume of 222,800 shares, the short-interest ratio is presently 3.3 days. Currently, 2.7% of the company's stock 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) released its quarterly earnings data on Tuesday, February, 6th. The restaurant operator reported $10.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.73 by $0.63. The restaurant operator earned $2.52 billion during the quarter, compared to the consensus estimate of $2.49 billion. Chipotle Mexican Grill had a net margin of 12.45% and a trailing twelve-month return on equity of 44.41%. Chipotle Mexican Grill's revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business earned $8.29 earnings per share.
Read the conference call transcript
.

When did Chipotle Mexican Grill's stock split?

Chipotle Mexican Grill's stock split on Wednesday, June 26th 2024. The 50-1 split was announced on Tuesday, March 19th 2024. The newly minted shares will be issued to shareholders after the closing bell 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.87%), Vanguard Group Inc. (9.87%), Capital World Investors (4.11%), Price T Rowe Associates Inc. MD (4.09%), Capital International Investors (3.38%) and Pershing Square Capital Management L.P. (3.01%). 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 3/28/2024 by MarketBeat.com Staff

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