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

$49.81
-1.01 (-1.99%)
(As of 07/26/2024 ET)
Today's Range
$49.41
$51.59
50-Day Range
$49.81
$3,284.80
52-Week Range
$35.37
$69.26
Volume
24.53 million shs
Average Volume
14.32 million shs
Market Capitalization
$68.41 billion
P/E Ratio
53.15
Dividend Yield
N/A
Price Target
$62.88

Chipotle Mexican Grill MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
26.2% Upside
$62.88 Price Target
Short Interest
Healthy
2.30% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.96
Upright™ Environmental Score
News Sentiment
0.25mentions of Chipotle Mexican Grill in the last 14 days
Based on 89 Articles This Week
Insider Trading
Selling Shares
$35.02 M Sold Last Quarter
Proj. Earnings Growth
20.91%
From $1.10 to $1.33 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.

4.91 out of 5 stars

Retail/Wholesale Sector

8th out of 201 stocks

Eating Places Industry

3rd 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

chipotle chicken burrito bowl
Conviction Firms For Chipotle Stock's 25% Share Price Increase
Chipotle Mexican Grill smoked the analysts' consensus for another quarter and is guiding for continued growth in store count, comps, and Chipotlanes.
Salad bowl
Health Food Stock Dips: Time to Invest in a Robotic AI Future? (CMG)
Fast casual health food restaurant chain Sweetgreen Inc. (NYSE: SG) shares have had a healthy pullback towards its Q1 2024 earnings gap fill price level at
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Hot Stock Splits Ahead: 3 Major Ones to Put on Your Watchlist
Hot Stock Splits Ahead: 3 Major Ones to Put on Your Watchlist
Stock splits don't alter the fundamental drivers of a stock's price, but only good companies have a reason or need to do it.
Financial markets news icon
MarketBeat Week in Review – 6/24 - 6/28 (CMG)
A benign reading on inflation may keep the stock market rally going as traders and investors get a break with a holiday-shortened week before earnings season
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Is Chipotle Stock Still a Buy After Earnings?
See More Headlines
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Company Calendar

Last Earnings
7/24/2024
Today
7/26/2024
Next Earnings (Estimated)
10/24/2024
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
$62.88
High Stock Price Target
$77.76
Low Stock Price Target
$48.50
Potential Upside/Downside
+26.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
27 Analysts

Profitability

Net Income
$1.23 billion
Pretax Margin
16.70%

Debt

Sales & Book Value

Annual Sales
$10.66 billion
Cash Flow
$1.10 per share
Book Value
$2.23 per share

Miscellaneous

Outstanding Shares
1,373,350,000
Free Float
1,359,342,000
Market Cap
$68.41 billion
Optionable
Optionable
Beta
1.24

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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, Inc. has shown consistent growth in its stock price, with a recent increase of 1.4% during mid-day trading on Tuesday, reaching $3,238.20.
  • The company has a strong market capitalization of $90.23 billion, indicating stability and potential for further growth.
  • Chipotle Mexican Grill reported a solid quarterly earnings performance, surpassing analysts' expectations with an EPS of $0.27, showcasing financial strength.
  • Analysts have given the company a "Moderate Buy" rating with an average target price of $64.02, suggesting positive sentiment towards future performance.
  • Hedge funds and institutional investors have been increasing their stakes in Chipotle Mexican Grill, indicating confidence in the company's future prospects.

Cons

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

  • Chipotle Mexican Grill's stock has a high PE ratio of 70.10, which may indicate an overvaluation compared to industry peers.
  • The stock is trading at a premium, with a price-to-earnings-growth ratio of 2.55, potentially limiting short-term upside for investors.
  • The company's beta of 1.25 suggests higher volatility compared to the market average, posing risks for investors during market fluctuations.
  • While the company has shown growth, the recent insider selling activity, including the CEO selling a significant number of shares, may raise concerns about future performance.
  • Chipotle Mexican Grill's stock split may impact liquidity and trading dynamics, potentially affecting investor sentiment in the short term.
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 Tuesday, July 2, 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

How have CMG shares performed this year?

Chipotle Mexican Grill's stock was trading at $45.7392 at the start of the year. Since then, CMG shares have increased by 8.9% and is now trading at $49.81.
View the best growth stocks for 2024 here
.

How were Chipotle Mexican Grill's earnings last quarter?

Chipotle Mexican Grill, Inc. (NYSE:CMG) announced its quarterly earnings results on Wednesday, July, 24th. The restaurant operator reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year.
Read the conference call transcript
.

When did Chipotle Mexican Grill's stock split?

Chipotle Mexican Grill's stock split on the morning of Wednesday, June 26th 2024. The 50-1 split was announced on Tuesday, March 19th 2024. The newly issued shares were payable 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.

Does Chipotle Mexican Grill have any subsidiaries?

The following companies are subsidiaries of Chipotle Mexican Grill: 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 of Berwyn Heights LLC, Chipotle Mexican Grill of Colorado LLC, and more.

Who are Chipotle Mexican Grill's major shareholders?

Top institutional investors of Chipotle Mexican Grill include Bank of New York Mellon Corp (0.61%), Sumitomo Mitsui Trust Holdings Inc. (0.23%), Allspring Global Investments Holdings LLC (0.22%) and Raymond James & Associates (0.11%). Insiders that own company stock include Albert S Baldocchi, Brian R Niccol, Curtis E Garner, Christopher W Brandt, Marissa Andrada, Scott Boatwright, Laurie Schalow, Roger E Theodoredis, Robin S Hickenlooper, Patricia Filikrushel, Pershing Square Capital Manage and Jack Hartung.
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.

What other stocks do shareholders of Chipotle Mexican Grill own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Micron Technology (MU).

This page (NYSE:CMG) was last updated on 7/26/2024 by MarketBeat.com Staff

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