NYSE:CMG

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

$1,844.55

+12.72 (+0.69%)

(As of 10:13 AM ET)

Compare

Today's Range: $1,828.85
▼
$1,845.42
50-Day Range: $1,806.08
▼
$2,092.31
52-Week Range: $1,344.05
▼
$2,175.01

Volume: 18,997 shs
Average Volume: 280,053 shs
Market Capitalization: $50.89 billion

P/E Ratio: 46.07
Dividend Yield: N/A
Price Target: $2,153.78

Chipotle Mexican Grill MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.72 Rating Score
Upside/Downside: 17.6% Upside
$2,153.78 Price Target
Short Interest: Healthy
2.38% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.96
Upright™ Environmental Score
News Sentiment: 0.80
Based on 17 Articles This Week
Insider Trading: Selling Shares
$6.43 M Sold Last Quarter
Proj. Earnings Growth: 20.81%
From $43.21 to $52.20 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.58 out of 5 stars

Retail/Wholesale Sector

66th out of 216 stocks

Eating Places Industry

17th out of 40 stocks

3.4

Analyst's Opinion

Consensus Rating
Chipotle Mexican Grill has received a consensus rating of Moderate Buy. The company's average rating score is 2.72, and is based on 18 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2,153.78, Chipotle Mexican Grill has a forecasted upside of 17.6% from its current price of $1,831.83.
Amount of Analyst Coverage
Chipotle Mexican Grill has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.38% of the float of Chipotle Mexican Grill has been sold short.
Short Interest Ratio / Days to Cover
Chipotle Mexican Grill has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Chipotle Mexican Grill has recently increased by 10.76%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Chipotle Mexican Grill does not currently pay a dividend.
Dividend Growth
Chipotle Mexican Grill does not have a long track record of dividend growth.

2.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Chipotle Mexican Grill has received a -2.22% net impact score from Upright. The largest negative impact of Chipotle Mexican Grill in category "Physical diseases" seems to be driven mostly by its "Tortilla chips", "Sugar-sweetened soft drinks", and "Vodka-based premixed drinks" products. See details.
Environmental Sustainability
The Environmental Impact score for Chipotle Mexican Grill is -1.96.

3.2

News and Social Media Coverage

News Sentiment
Chipotle Mexican Grill has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Chipotle Mexican Grill this week, compared to 12 articles on an average week.
Search Interest
Only 26 people have searched for CMG on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.
MarketBeat Follows
22 people have added Chipotle Mexican Grill to their MarketBeat watchlist in the last 30 days. This is an increase of 267% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Chipotle Mexican Grill insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,434,541.00 in company stock.
Percentage Held by Insiders
Only 0.96% of the stock of Chipotle Mexican Grill is held by insiders.
Percentage Held by Institutions
91.19% of the stock of Chipotle Mexican Grill is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Chipotle Mexican Grill are expected to grow by 20.81% in the coming year, from $43.21 to $52.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Chipotle Mexican Grill is 45.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 107.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of Chipotle Mexican Grill is 45.75, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 18.10.
Price to Earnings Growth Ratio
Chipotle Mexican Grill has a PEG Ratio of 1.57. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Chipotle Mexican Grill has a P/B Ratio of 21.44. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Chipotle Mexican Grill (NYSE:CMG) Stock

Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.

CMG Price History

30 days | 90 days | 365 days | Advanced Chart

CMG Stock News Headlines

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Chipotle Mexican Grill, Inc. (NYSE:CMG) Given Average Recommendation of "Moderate Buy" by Brokerages

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September 25, 2023 | finance.yahoo.com

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September 22, 2023 | americanbankingnews.com

Chipotle Mexican Grill (NYSE:CMG) Price Target Increased to $2,280.00 by Analysts at Truist Financial

September 22, 2023 | americanbankingnews.com

Chipotle Mexican Grill (NYSE:CMG) Stock Rating Reaffirmed by TD Cowen

September 20, 2023 | usatoday.com

Chipotle Mexican Grill to open restaurant in downtown Detroit next spring

September 16, 2023 | finance.yahoo.com

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September 15, 2023 | msn.com

Truist Securities Reiterates Chipotle Mexican Grill (CMG) Buy Recommendation

September 15, 2023 | finance.yahoo.com

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September 14, 2023 | finance.yahoo.com

Wall Street Analysts Look Bullish on Chipotle (CMG): Should You Buy?

September 13, 2023 | finance.yahoo.com

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See More Headlines

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CMG Company Calendar

Last Earnings: 7/26/2023
Today: 10/02/2023
Next Earnings (Confirmed): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Eating places
Sub-Industry: Restaurants
Sector: Retail/Wholesale
Current Symbol: NYSE:CMG
CUSIP: 16965610
CIK: 1058090
Web: www.chipotle.com
Phone: (949) 524-4000
Fax: 302-674-5266
Employees: 104,958
Year Founded: 1993

Price Target and Rating

Average Stock Price Forecast: $2,153.78
High Stock Price Forecast: $2,570.00
Low Stock Price Forecast: $1,657.00
Forecasted Upside/Downside: +17.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.72
Research Coverage: 25 Analysts

Profitability

EPS (Most Recent Fiscal Year): $40.04
Trailing P/E Ratio: 45.75
Forward P/E Ratio: 42.39
P/E Growth: 1.57
Net Income: $899.10 million
Net Margins: 12.00%
Pretax Margin: 15.81%
Return on Equity: 45.85%
Return on Assets: 16.08%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.58
Quick Ratio: 1.55

Sales & Book Value

Annual Sales: $8.63 billion
Price / Sales: 5.85
Cash Flow: $43.53 per share
Price / Cash Flow: 42.08
Book Value: $85.42 per share
Price / Book: 21.44

Miscellaneous

Outstanding Shares: 27,590,000
Free Float: 27,323,000
Market Cap: $50.54 billion
Optionable: Optionable
Beta: 1.30

Social Links

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Key Executives

Mr. Brian R. Niccol (Age 49)
Chairman & CEO
Comp: $3.68M

Mr. John R. Hartung (Age 66)
CFO & Chief Admin. Officer
Comp: $1.84M

Mr. Scott Boatwright (Age 50)
Chief Operating Officer
Comp: $1.08M

Mr. Curtis E. Garner III (Age 53)
Chief Customer & Technology Officer
Comp: $1.52M

Mr. Christopher Brandt (Age 54)
Chief Brand Officer
Comp: $1.34M

Ms. Cynthia Henn Olsen CFA
Head of Investor Relations & Strategy

Mr. Roger E. Theodoredis (Age 64)
Chief Legal Officer, Gen. Counsel & Corp. Sec.

Dr. James Marsden Ph.D.
Exec. Director of Food Safety

Mr. Jim Slater
Managing Director of Europe

Ms. Laurie Schalow (Age 55)
Chief Corp. Affairs & Food Safety Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CMG Stock - 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 7 hold ratings and 18 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 forecast for 2023?: 25 brokers have issued 12-month target prices for Chipotle Mexican Grill's stock. Their CMG share price forecasts range from $1,657.00 to $2,570.00. On average, they predict the company's share price to reach $2,153.78 in the next year. This suggests a possible upside of 17.6% 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 2023?: Chipotle Mexican Grill's stock was trading at $1,387.49 on January 1st, 2023. Since then, CMG stock has increased by 32.0% and is now trading at $1,831.83.
View the best growth stocks for 2023 here.
Are investors shorting Chipotle Mexican Grill?: Chipotle Mexican Grill saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 652,800 shares, an increase of 10.8% from the August 31st total of 589,400 shares. Based on an average daily trading volume, of 258,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.4% of the company's shares are short sold.
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 Thursday, October 26th 2023.
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 Thursday, October 26th 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 Wednesday, July, 26th. The restaurant operator reported $12.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.25 by $0.40. The restaurant operator had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.53 billion. Chipotle Mexican Grill had a trailing twelve-month return on equity of 45.85% and a net margin of 12.00%. The company's quarterly revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm posted $9.30 EPS.
Read the conference call transcript.
What ETFs hold Chipotle Mexican Grill's stock?: ETFs with the largest weight of Chipotle Mexican Grill (NYSE:CMG) stock in their portfolio include Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), IQ Winslow Focused Large Cap Growth ETF (IWFG), Invesco Food & Beverage ETF (PBJ), 2ndVote Life Neutral Plus ETF (LYFE), Gabelli Growth Innovators ETF (GGRW), Invesco Leisure and Entertainment ETF (PEJ), American CenturyFocused Dynamic Growth ETF (FDG) and BTD Capital Fund (DIP).

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 CA (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).
What is Chipotle Mexican Grill's stock symbol?: Chipotle Mexican Grill trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMG."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Chipotle Mexican Grill's stock price today?: One share of CMG stock can currently be purchased for approximately $1,831.83.
How much money does Chipotle Mexican Grill make?: Chipotle Mexican Grill (NYSE:CMG) has a market capitalization of $50.54 billion and generates $8.63 billion in revenue each year. The restaurant operator earns $899.10 million in net income (profit) each year or $40.04 on an earnings per share basis.
How many employees does Chipotle Mexican Grill have?: The company employs 104,958 workers across the globe.
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.
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How can I contact Chipotle Mexican Grill?: Chipotle Mexican Grill's mailing address is 610 Newport Center Drive Suite 1300, Newport Beach CA, 92660. The official website for the company is www.chipotle.com. The restaurant operator can be reached via phone at (949) 524-4000, via email at ir@chipotle.com, or via fax at 302-674-5266.

This page (NYSE:CMG) was last updated on 10/2/2023 by MarketBeat.com Staff

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