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

$3,129.52
+23.68 (+0.76%)
(As of 05/31/2024 ET)
Today's Range
$3,059.37
$3,129.52
50-Day Range
$2,859.75
$3,239.23
52-Week Range
$1,768.64
$3,260.00
Volume
301,458 shs
Average Volume
209,169 shs
Market Capitalization
$85.97 billion
P/E Ratio
66.78
Dividend Yield
N/A
Price Target
$3,147.31

Chipotle Mexican Grill MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
0.6% Upside
$3,147.31 Price Target
Short Interest
Healthy
2.84% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.96
Upright™ Environmental Score
News Sentiment
0.31mentions of Chipotle Mexican Grill in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$44.24 M Sold Last Quarter
Proj. Earnings Growth
20.29%
From $55.30 to $66.52 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.

3.91 out of 5 stars

Retail/Wholesale Sector

74th out of 201 stocks

Eating Places Industry

11th 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

The Rate Cut Party is Postponed, Not for These Stocks
Over the past five months, the stock market may have gotten away from itself. The Federal Reserve has kept stock market indexes at historically high levels through its interest rate cuts narrative.
The Rate Cut Party is Postponed, Not for These Stocks
With uncertain rate cuts this year, analysts land on three stocks to potentially deliver above average EPS growth for investors looking to beat high inflation
MarketBeat Week in Review – 5/20 - 5/24 (CMG)
The market sold off sharply despite a strong earnings report from Nvidia; a short trading week will include economic reports that could bring more volatility
Can CAVA, Red Robin, and Cracker Barrel Match Chipotle's Q1 Win?
Chipotle Mexican Grill NYSE: CMG recently delivered a strong performance in the first quarter of  2024. Chipotle's earnings report exceeded analysts' expectations, establishing a formidable fast-casual restaurant industry benchmark.
Can CAVA, Red Robin, and Cracker Barrel Match Chipotle's Q1 Win?
In a dynamic economic landscape, restaurant chains are implementing varied strategies to gain market share and cater to changing consumer preferences.
Bill Ackman Reduced Chipotle Stock, Fundamentals Still Sound
Investors may feel uneasy seeing one of Wall Street's top value investors, Bill Ackman, sell a stock. Reducing or even bailing out of a company could send many wrong signals to the market, so investors can follow a rule of thumb.
Bill Ackman Reduced Chipotle Stock, Fundamentals Still Sound (CMG)
Chipotle is still as strong as ever, double-digit EPS growth is set for 2024 along with upside potential per analyst ratings. Ackman's selling is no biggie
3 Stocks That Look Like Chipotle in the Early Days (CMG)
If you missed getting in on Chipotle Mexican Grill, these three restaurant stocks may provide an opportunity for you to take another bite at the sector
EL Pollo Loco Is a Fire Grilled Franchise with a Growing Runway (CMG)
Quick-service Mexican chicken restaurant operator El Pollo Loco Holdings Inc. (NASDAQ: LOCO) specializes in the flame-grilled, citrus-marinated
Sweetgreen: Is There Meat Behind the 30% Earnings Surge? (CMG)
Fast casual restaurant chain Sweetgreen Inc. (NYSE: SG) shares catapulted 34% on its Q1 2024 earnings report. While the company still lost money and missed ea
2 Stock-Split Stocks to Buy Hand Over Fist
Chipotle: Unsustainable Price Hikes
3 Stocks You Should Buy After Their Game-Changing Splits
Analyst Report: Chipotle Mexican Grill
See More Headlines
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Company Calendar

Last Earnings
4/24/2024
Today
6/01/2024
Next Earnings (Estimated)
7/24/2024
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
$3,147.31
High Stock Price Target
$3,600.00
Low Stock Price Target
$1,950.00
Potential Upside/Downside
+0.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
26 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
16.70%

Debt

Sales & Book Value

Annual Sales
$9.87 billion
Cash Flow
$57.36 per share
Book Value
$122.38 per share

Miscellaneous

Free Float
27,187,000
Market Cap
$85.97 billion
Optionable
Optionable
Beta
1.26

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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 reported strong earnings per share for the quarter, surpassing analysts' consensus estimates. This indicates the company's profitability and potential for growth.
  • The company has a high return on equity of 43.74%, showcasing efficient utilization of shareholder funds to generate earnings.
  • Analysts predict a positive EPS for the current fiscal year, indicating a favorable outlook for the company's financial performance.
  • Institutional investors and hedge funds have been increasing their holdings in Chipotle Mexican Grill, signaling confidence in the company's future prospects.
  • Wall Street analysts have provided a "Moderate Buy" rating on the stock with a consensus price target above the current market price, suggesting potential upside for investors.

Cons

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

  • Insiders have been selling significant amounts of company stock in recent months, which could raise concerns about their confidence in the company's future performance.
  • The stock price has been increasing, potentially leading to a higher valuation that may not align with the company's fundamentals.
  • While the company has shown strong financial metrics, there could be risks associated with the highly competitive nature of the restaurant industry.
  • Despite positive analyst ratings, there is always a level of uncertainty in the market that could impact the stock price unpredictably.
  • Investors should carefully consider market conditions and potential macroeconomic factors that could affect Chipotle Mexican Grill's performance and stock price.
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, May 30, 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?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chipotle Mexican Grill in the last year. There are currently 9 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?

26 brokers have issued 12 month target prices for Chipotle Mexican Grill's stock. Their CMG share price targets range from $1,950.00 to $3,600.00. On average, they anticipate the company's share price to reach $3,147.31 in the next twelve months. This suggests a possible upside of 0.6% from the stock's current price.
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 at the start of the year. Since then, CMG shares have increased by 36.8% and is now trading at $3,129.52.
View the best growth stocks for 2024 here
.

Are investors shorting Chipotle Mexican Grill?

Chipotle Mexican Grill saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 790,500 shares, a decrease of 9.7% from the April 15th total of 875,000 shares. Based on an average trading volume of 251,300 shares, the short-interest ratio is presently 3.1 days. Approximately 2.9% of the shares of the 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, July 24th 2024.
View our CMG earnings forecast
.

How were Chipotle Mexican Grill's earnings last quarter?

Chipotle Mexican Grill, Inc. (NYSE:CMG) posted its quarterly earnings results on Wednesday, April, 24th. The restaurant operator reported $13.37 EPS for the quarter, beating analysts' consensus estimates of $11.63 by $1.74. The restaurant operator earned $2.70 billion during the quarter, compared to analysts' expectations of $2.67 billion. Chipotle Mexican Grill had a net margin of 12.70% and a trailing twelve-month return on equity of 43.74%.
Read the conference call transcript
.

When did Chipotle Mexican Grill's stock split?

Shares of Chipotle Mexican Grill split before market open on Wednesday, June 26th 2024. The 50-1 split was announced on Tuesday, March 19th 2024. The newly minted shares will be distributed 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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.95%), Price T Rowe Associates Inc. MD (3.95%), Capital World Investors (3.18%), Capital International Investors (2.96%), Jennison Associates LLC (0.79%) and Janus Henderson Group PLC (0.75%). 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, 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 6/1/2024 by MarketBeat.com Staff

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