Chipotle Mexican Grill - CMG Stock Forecast, Price & News

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chipotle Mexican Grill in the last year. There are currently 5 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CMG shares.
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28 brokerages have issued twelve-month price targets for Chipotle Mexican Grill's shares. Their CMG share price forecasts range from $1,510.00 to $2,500.00. On average, they expect the company's share price to reach $1,819.56 in the next twelve months. This suggests a possible upside of 19.1% from the stock's current price.
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Chipotle Mexican Grill's stock was trading at $1,748.25 at the beginning of 2022. Since then, CMG stock has decreased by 12.6% and is now trading at $1,528.17.
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Chipotle Mexican Grill saw a decrease in short interest in November. As of November 15th, there was short interest totaling 955,600 shares, a decrease of 7.2% from the October 31st total of 1,030,000 shares. Based on an average trading volume of 295,100 shares, the days-to-cover ratio is currently 3.2 days. Approximately 3.5% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
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Chipotle Mexican Grill, Inc. (NYSE:CMG) released its earnings results on Wednesday, October, 20th. The restaurant operator reported $7.02 EPS for the quarter, beating the consensus estimate of $6.32 by $0.70. The restaurant operator had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.94 billion. Chipotle Mexican Grill had a trailing twelve-month return on equity of 38.03% and a net margin of 9.61%. During the same quarter in the previous year, the firm earned $3.76 earnings per share.
Read the conference call transcript.

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 Vanguard Group Inc. (9.45%), Price T Rowe Associates Inc. MD (7.57%), BlackRock Inc. (7.09%), Edgewood Management LLC (3.89%), State Street Corp (3.82%) and Citadel Advisors LLC (0.00%). 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, Matthew H Paull, 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 $1,528.17.

Chipotle Mexican Grill (NYSE:CMG) has a market capitalization of $42.36 billion and generates $7.55 billion in revenue each year. The restaurant operator earns $652.98 million in net income (profit) each year or $28.73 on an earnings per share basis.

The company employs 97,660 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.