Chipotle Mexican Grill - CMG Stock Forecast, Price & News

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chipotle Mexican Grill in the last twelve months. There are currently 5 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CMG shares.
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27 equities research analysts have issued 12 month target prices for Chipotle Mexican Grill's stock. Their CMG share price forecasts range from $1,450.00 to $2,500.00. On average, they expect the company's stock price to reach $1,814.42 in the next year. This suggests a possible upside of 11.2% 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 17.6% and is now trading at $1,632.18.
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Chipotle Mexican Grill saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 985,500 shares, an increase of 7.8% from the December 31st total of 914,300 shares. Based on an average daily trading volume, of 295,600 shares, the days-to-cover ratio is currently 3.3 days. Approximately 3.6% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
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Chipotle Mexican Grill will be holding an earnings conference call on Tuesday, February 7th 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 earnings results on Wednesday, October, 20th. The restaurant operator reported $7.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.32 by $0.70. The restaurant operator had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. Chipotle Mexican Grill had a net margin of 9.61% and a trailing twelve-month return on equity of 38.03%. During the same quarter in the prior 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 number of institutional and retail investors. Top institutional shareholders include International Assets Investment Management LLC (1.10%), Allspring Global Investments Holdings LLC (0.64%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Strs Ohio (0.27%), Bristol John W & Co. Inc. NY (0.20%) and New York State Teachers Retirement System (0.12%). 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 $1,632.18.

Chipotle Mexican Grill (NYSE:CMG) has a market capitalization of $45.24 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.