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How to Buy Chipotle Mexican Grill Stock

Chipotle Mexican Grill Inc

Chipotle Mexican Grill is a restaurant company located in California, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker CMG on the NYSE exchange.

Chipotle Mexican Grill stock last closed at $2,906.77, down 0.57% from the previous day, and has increased 75.86% in one year. It has overperformed other stocks in the Restaurants industry by 0.36 percentage points. Chipotle Mexican Grill stock is currently +75.32% from its 52-week low of $1,657.94, and -3.88% from its 52-week high of $3,023.98.

As of Mar 28, 2024, there are 27.42M CMG shares outstanding. The market cap of CMG is $79.71B. In the last 24 hours, 277,632 CMG shares were traded.

How to Buy Chipotle Mexican Grill Stock

Wondering how to invest in Chipotle Mexican Grill stock? Here's how.
  1. Figure out where to buy Chipotle Mexican Grill stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Chipotle Mexican Grill stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit funds into your investment account: Select your payment method and add your info.
  4. Evaluate Chipotle Mexican Grill stock: The Chipotle Mexican Grill ticker symbol is CMG. Is Chipotle Mexican Grill stock a good investment? Should you buy shares of CMG? How do CMG's underlying business fundamentals look? Do top analysts think Chipotle Mexican Grill is a good buy? Why has CMG's stock price moved recently? (Hint: Our stock research website can help you decide if CMG is a good stock to buy).
  5. Make your CMG trade: Decide if you will purchase CMG shares at the current market price or use a limit order to purchase CMG shares at a given price.
  6. Watch your CMG investment: Create a watchlist to get the latest news on your investment in Chipotle Mexican Grill shares.

Step 1: Figure out where to buy Chipotle Mexican Grill stock

You will need a brokerage account to access the NYSE market and buy CMG stock.

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Step 2: Open a brokerage account

Now that you've picked the best brokerage, you need to fill out some personal information so you are able to invest in CMG today.

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Step 3: Deposit funds into your investment account

Now that you have created your account on apps for stock market, you need to deposit funds:

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Step 4: Evaluate Chipotle Mexican Grill stock

After you have identified the best place to buy Chipotle Mexican Grill stock, it's absolutely critical to research their stock before you buy, so you can comprehend the risk as well as the upside.

Overview of key CMG info

CMG Price
$2,906.77
1w %
0.06%
1y %
75.86%
5y %
313.77%
P/E
65.19x
P/B
26.03x
P/S
8.11x
PEG
3.13x
Revenue
$9.87B
Earnings
$1.23B
Fore. Rev. Growth
12.75%
Fore. Earn. Growth
20.81%
Market Cap
$79.71B
Next Earnings
Apr 24, 2024
Next Dividend
N/A

Chipotle Mexican Grill Zen Score

WallStreetZen was created to help part-time investors do more accurate fundamental analysis quickly.

You can see all of the due diligence checks on CMG's stock page.

Is CMG stock overvalued?

Analysts use many financial metrics, analyses, models, and charts to gauge CMG's fair value.

Using relative valuations ratios:

  • CMG could be overvalued based on its P/E ratio of 65.19x, relative to Restaurants industry P/E ratio of 49.44x
  • CMG could be undervalued based on its P/B ratio of 26.03x, relative to Restaurants industry P/B ratio of -396.6x
  • CMG may be overvalued based on its PEG ratio of 3.13x

You can access more valuation research on CMG's stock here.

CMG Financial Overview

Pros:

  • There are more short-term assets than short-term liabilities on the CMG balance sheet.
  • CMG earnings of $1.62B is not enough to cover its interest payments.
  • CMG's operating cash flow of $1.78B allows it to safely service it's debt of $4.05B.
  • CMG profit margin has gone up from 10.4% to 12.4% in the past year.

Cons:

  • CMG has a relatively high debt to equity ratio of 1.63.
  • Total CMG debt is higher than 5 years ago, relative to shareholder equity.
  • There are more long-term liabilities than short-term assets on the CMG balance sheet.

Do analysts think it's a good time to buy Chipotle Mexican Grill stock

Out of 20 Equities analysts who give recommendations on CMG, the consensus analyst rating on CMG is a Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

Latest CMG Analyst Upgrades/Downgrades

Jeffrey A. Bernstein, a top 7% analyst from Barclays maintains CMG with a hold rating and raises their CMG price target from $2,246.00 to $2,400.00, on Feb 7, 2024.

Andrew Charles, a top 4% analyst from TD Cowen maintains CMG with a buy rating and raises their CMG price target from $2,650.00 to $2,900.00, on Feb 7, 2024.

Eric Gonzalez, a top 8% analyst from KeyBanc maintains CMG with a strong buy rating and raises their CMG price target from $2,250.00 to $2,750.00, on Feb 7, 2024.

Jon Tower, a top 7% analyst from Citigroup maintains CMG with a strong buy rating and raises their CMG price target from $2,699.00 to $3,016.00, on Feb 7, 2024.

Joshua Long, a top 3% analyst from Stephens & Co. maintains CMG with a strong buy rating and raises their CMG price target from $2,800.00 to $3,000.00, on Feb 7, 2024.

Stephens & Co.'s Joshua Long raised their price target on Chipotle Mexican Grill (NYSE: CMG) by 7.1% from $2,800 to $3,000 on 2024/02/07. The analyst maintained their Strong Buy rating on the stock.

Following the 2024/02/06 release of Chipotle Mexican Grill's Q4 and FY 2023 earnings report, Long increased their price target because "the company delivered better-than-expected quarterly results across all major line items."

The analyst told readers that Stephens & Co.'s FY 2024 estimates now reflect higher labor margins to account for management's Q1 2024 guidance and to "better reflect" the 2024/04 introduction of a $20/hour minimum wage in California, which accounts for about 15% of Chipotle's store base.

Earnings Report

Chipotle Mexican Grill reported:

For Q4 2023:

  • EPS of $10.36, which beat the Zacks Consensus Estimate of $9.73 and, by 25%, Q4 2022's $8.29.
  • Revenue of $2.52B, which beat the Zacks Consensus Estimate of $2.49B and Q4 2022's $2.18B by 15.4%.
  • Comparable restaurant sales up 8.4% Y/Y.

For FY 2023:

  • EPS of 44.86, up 36.9% from FY 2022's $32.78.
  • Revenue of $9.87B, up 14.3% from FY 2022's $8.635B.
  • Comparable restaurant sales up 7.9% Y/Y.

For FY 2024, management guided:

  • Comparable restaurant sales growth in the mid-single digits.
  • 285 to 315 new restaurant openings.

Chairman & CEO Brian Niccol commented: "2023 was an outstanding year. We delivered strong transaction growth driven by throughput and menu innovation, opened a record number of new restaurants, surpassed $3M in AUVs [Average Unit (franchise) Volume] and formed our first international partnership.

"I am more confident than ever that we have the right people and the right strategy to achieve our long-term growth goals of reaching 7,000 restaurants in North America, $4M in AUVs, expanding our industry-leading margins and returns and furthering our purpose of Cultivating a Better World globally."

You can dig deeper into what analysts are saying on the Chipotle Mexican Grill stock forecast page.

CMG Technicals

SMA10
2,869.87
SMA20
2,786.96
SMA50
2,623.83
SMA100
2,424.8
SMA200
2,183.64
MACD
88.2
MACD Signal
80.79
MACD Histogram
7.42
RSI
71.33
Stochastic %K
76.68
Stochastic %D
75.37
StochRSI %K
68.5
StochRSI %D
77.34

CMG Growth Numbers

Last year, CMG earnings were $1.23B. Over the past 5 year, CMG's earnings have grown by 47.67% per year. This was faster than the Restaurants industry average of 15.9%.

Last year, CMG revenue was $9.87B. Over the last 5 year, CMG's revenue has gone up by 15.2% per year. This was faster than the Restaurants industry average of 9.09%.

Learn more about CMG's earnings and revenue performance here.

Latest Insiders Trades at CMG

Over the past year, insiders at CMG have sold more shares than they have bought.

Christopher W. Brandt, Chief Brand Officer of CMG, was the latest CMG insider to sell. They sold $9,219,768.16 worth of CMG shares on Mar 20, 2024.

Get more info about who owns CMG shares here.

Does CMG provide a stable income stream?

No, Chipotle Mexican Grill doesn't provide an income stream by paying out dividends.

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Step 5: Make your CMG trade

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at an exact price limit, use a limit order.

Click the Open button and eToro will place your order.

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Step 6: Watch your CMG investment

Now that you own some CMG stock, you'll want to stay up-to-date on your company.

Create a watchlist to get alerted to the latest events about your CMG stock.

CMG Feed

How to Buy Stock in Chipotle Mexican Grill

To reiterate, here are the 6 steps you need to take to buy Chipotle Mexican Grill stock right now:

  1. Figure out where to buy Chipotle Mexican Grill stock
  2. Open a brokerage account
  3. Deposit funds into your investment account
  4. Evaluate Chipotle Mexican Grill stock
  5. Make your CMG trade
  6. Watch your CMG investment

If you need a brokerage account, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your new investment in Chipotle Mexican Grill, click below.

NYSE: CMG
$2,906.77-16.69 (-0.57%)
Updated Mar 28, 2024
Open eToro Account
NYSE: CMG
$2,906.77-16.69 (-0.57%)
Updated Mar 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Chipotle Mexican Grill share?

As of Mar 28, 2024, it costs $2,906.77 to buy one share of Chipotle Mexican Grill stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.034 shares of CMG.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Chipotle Mexican Grill stock?

According to 20 Wall Street analysts who monitor Chipotle Mexican Grill, their consensus recommendation is to buy Chipotle Mexican Grill stock.

What is the best way to buy Chipotle Mexican Grill stock?

One way to place an order for Chipotle Mexican Grill stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.