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.
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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.
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You can see all of the due diligence checks on CMG's stock page.
Analysts use many financial metrics, analyses, models, and charts to gauge CMG's fair value.
Using relative valuations ratios:
You can access more valuation research on CMG's stock here.
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.
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.
Chipotle Mexican Grill reported:
For Q4 2023:
For FY 2023:
For FY 2024, management guided:
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.
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.
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.
No, Chipotle Mexican Grill doesn't provide an income stream by paying out dividends.
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