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

27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chipotle Mexican Grill in the last year. There are currently 6 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CMG shares.
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27 Wall Street analysts have issued twelve-month price targets for Chipotle Mexican Grill's stock. Their CMG share price forecasts range from $1,657.00 to $2,400.00. On average, they expect the company's share price to reach $2,039.89 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
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Chipotle Mexican Grill's stock was trading at $1,387.49 at the beginning of the year. Since then, CMG shares have increased by 47.1% and is now trading at $2,041.27.
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Chipotle Mexican Grill saw a increase in short interest during 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 trading volume of 309,600 shares, the short-interest ratio is presently 2.5 days. Approximately 2.9% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our CMG earnings forecast.

Chipotle Mexican Grill will be holding an earnings conference call on Wednesday, July 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) issued its quarterly earnings data on Tuesday, April, 25th. The restaurant operator reported $10.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.89 by $1.61. The restaurant operator earned $2.40 billion during the quarter, compared to the consensus estimate of $2.34 billion. Chipotle Mexican Grill had a trailing twelve-month return on equity of 45.01% and a net margin of 11.49%. The business's quarterly revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the company earned $5.70 EPS.
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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 number of institutional and retail investors. Top institutional investors 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 $2,041.27.

Chipotle Mexican Grill (NYSE:CMG) has a market capitalization of $56.32 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.