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

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chipotle Mexican Grill in the last twelve months. There are currently 6 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CMG shares.
View CMG analyst ratings or view top-rated stocks.

27 brokers have issued twelve-month target prices for Chipotle Mexican Grill's stock. Their CMG share price forecasts range from $1,657.00 to $2,400.00. On average, they predict the company's stock price to reach $2,039.89 in the next twelve months. This suggests that the stock has a possible downside of 1.1%.
View analysts price targets for CMG or view top-rated stocks among Wall Street analysts.

Chipotle Mexican Grill's stock was trading at $1,387.49 at the start of the year. Since then, CMG shares have increased by 48.6% and is now trading at $2,062.23.
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Chipotle Mexican Grill saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 784,000 shares, an increase of 10.8% from the April 15th total of 707,300 shares. Based on an average daily volume of 309,600 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.9% of the company's stock are short sold.
View Chipotle Mexican Grill's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our CMG earnings forecast.

Chipotle Mexican Grill, Inc. (NYSE:CMG) issued its quarterly earnings results on Tuesday, April, 25th. The restaurant operator reported $10.50 EPS for the quarter, beating analysts' consensus estimates of $8.89 by $1.61. The restaurant operator had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.34 billion. Chipotle Mexican Grill had a net margin of 11.49% and a trailing twelve-month return on equity of 45.01%. The firm's quarterly revenue was up 18.8% compared to the same quarter last year. During the same quarter last year, the business earned $5.70 earnings per share.
Read the conference call transcript.

ETFs with the largest weight of Chipotle Mexican Grill (NYSE:CMG) stock in their portfolio include AdvisorShares Restaurant ETF (EATZ), American Century Mid Cap Growth Impact (MID), 2ndVote Life Neutral Plus ETF (LYFE), Future Fund Active ETF (FFND), IQ Winslow Focused Large Cap Growth ETF (IWFG), Capital Group Global Growth Equity ETF (CGGO), 2ndVote Society Defended ETF (EGIS) and American CenturyFocused Dynamic Growth ETF (FDG).

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 variety of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (5.88%), State Street Corp (3.78%), Geode Capital Management LLC (2.05%), Artisan Partners Limited Partnership (1.83%), Susquehanna International Group LLP (0.00%) and American Century Companies Inc. (1.49%). 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 $2,062.23.

Chipotle Mexican Grill (NYSE:CMG) has a market capitalization of $56.90 billion and generates $8.63 billion in revenue each year. The restaurant operator earns $899.10 million in net income (profit) each year or $36.97 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.