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

25 Wall Street equities 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 equities research analysts is that investors should "moderate buy" CMG shares.
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25 analysts have issued twelve-month price objectives 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 stock price to reach $2,153.78 in the next year. This suggests a possible upside of 14.8% from the stock's current price.
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Chipotle Mexican Grill's stock was trading at $1,387.49 at the beginning of 2023. Since then, CMG stock has increased by 35.2% and is now trading at $1,875.58.
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Chipotle Mexican Grill saw a drop in short interest in the month of August. As of August 15th, there was short interest totaling 574,800 shares, a drop of 17.6% from the July 31st total of 697,300 shares. Based on an average daily trading volume, of 284,700 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.1% of the shares of the company are sold short.
View Chipotle Mexican Grill's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CMG earnings forecast.

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.

Chipotle Mexican Grill, Inc. (NYSE:CMG) posted its quarterly earnings results on Wednesday, July, 26th. The restaurant operator reported $12.65 earnings per share 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 analyst estimates 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 business's revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company earned $9.30 earnings per share.
Read the conference call transcript.

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).

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.

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).

Chipotle Mexican Grill trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMG."

Chipotle Mexican Grill's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.44%), State Street Corp (3.93%), Capital World Investors (3.77%), Capital International Investors (3.56%), Artisan Partners Limited Partnership (1.82%) and Geode Capital Management LLC (1.82%). 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, Neil Flanzraich, Pershing Square Capital Manage, Robin S Hickenlooper, Roger E Theodoredis and Scott Boatwright.
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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.
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One share of CMG stock can currently be purchased for approximately $1,875.58.

Chipotle Mexican Grill (NYSE:CMG) has a market capitalization of $51.75 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.

The company employs 104,958 workers across the globe.

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.