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 $61.52, down 0.85% from the previous day, and has increased 40.51% in one year. It has overperformed other stocks in the Restaurants industry by 0.13 percentage points. Chipotle Mexican Grill stock is currently +39.56% from its 52-week low of $44.08, and -11.18% from its 52-week high of $69.26.
As of Nov 29, 2024, there are 1.36B CMG shares outstanding. The market cap of CMG is $83.83B. In the last 24 hours, 3.82M CMG shares were traded.
How to Buy Chipotle Mexican Grill Stock
Wondering how to invest in Chipotle Mexican Grill stock? Here's how.
- 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.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your payment method and add your info.
- 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).
- 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.
- 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.
Our favorite brokerage: eToro
Based on our research, eToro is the best brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to global markets: From Tech to Energy, New York to Hong Kong — you can fill your portfolio with stocks from the world's leading stock exchanges.
- Social investing: eToro has a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by opening an account with eToro now.
Open eToro AccountStep 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.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to create your new trading account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
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:
Check out the tutorial below if you need help transferring funds into your brokerage account.
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
Chipotle Mexican Grill Due Diligence 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 57.12x, relative to Restaurants industry P/E ratio of 43.94x
- CMG could be undervalued based on its P/B ratio of 23.2x, relative to Restaurants industry P/B ratio of -417.66x
- CMG may be overvalued based on its PEG ratio of 4.72x
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 $1.95B is not enough to cover its interest payments.
- CMG's operating cash flow of $1.84B allows it to safely service it's debt of $4.48B.
- CMG profit margin has gone up from 12.3% to 13.5% in the past year.
- Total CMG debt is lower than 5 years ago, relative to shareholder equity.
Cons:
- There are more long-term liabilities than short-term assets on the CMG balance sheet.
- CMG has a relatively high debt to equity ratio of 1.49.
Do analysts think it's a good time to buy Chipotle Mexican Grill stock
Out of 22 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
Alton Stump, a top 40% analyst from Loop Capital maintains CMG with a hold rating and raises their CMG price target from $53.00 to $58.00, on Oct 30, 2024.
Brian Mullan, a top 4% analyst from Piper Sandler maintains CMG with a hold rating and raises their CMG price target from $59.00 to $60.00, on Oct 30, 2024.
Jake Bartlett, a top 2% analyst from Truist Securities maintains CMG with a strong buy rating and raises their CMG price target from $71.00 to $72.00, on Oct 30, 2024.
Truist Securities's Jake Bartlett raised their price target on Chipotle Mexican Grill (NYSE: CMG) by 1.4% from $71 to $72 on 2024/10/30. The analyst maintained their Strong Buy rating on the stock.
Chipotle Mexican Grill reported its Q3 2024 earnings on 2024/10/23.
The company delivered "an earnings miss and a slight comps miss," Bartlett told investors.
The analyst highlighted that the company's traffic surged between 2024/10 and 2024/09s, calling the gain "a testament to Chipotle Mexican Grill's solid positioning and innovative menu items that drive sales."
Further, Bartlett believes that the company's anticipated FY 2025 "Honey Chicken" offering and improvements in throughput related to new equipment will continue its traffic growth.
Earnings Report
For Q3 2024, Chipotle Mexican Grill reported:
- EPS of $0.27, which beat the Zacks Consensus Estimate of $0.25 and, by 17.4%, Q3 2023’s $0.23.
- Revenue of $2.79B, which missed the Zacks Consensus Estimate by 0.82% but beat, by 13%, Q3 2023’s $2.47B.
For FY 2024, management guided:
- Comparable revenue growth in the mid to high-single-digit.
Interim CEO Scott Boatwright commented: "Our focus on exceptional people, food, and throughput and the long-awaited return of Smoked Brisket drove another quarter of strong results led by transaction growth.
"Our teams work hard to deliver extraordinary value to our guests as they provide our fresh, delicious, and customizable culinary experience at accessible prices to millions of people every day.
“They are the backbone of Chipotle and together with our support centers, we will continue to execute against our five key strategies that help us win today while we grow our future.
“This will help us to achieve our long-term target of reaching 7,000 restaurants in North America and move towards a more global brand."
Zachary Fadem, a top 2% analyst from Wells Fargo maintains CMG with a strong buy rating and raises their CMG price target from $66.00 to $67.00, on Oct 30, 2024.
Jeffrey A. Bernstein, a top 14% analyst from Barclays maintains CMG with a hold rating and raises their CMG price target from $55.00 to $60.00, on Oct 30, 2024.
You can dig deeper into what analysts are saying on the Chipotle Mexican Grill stock forecast page.
CMG Technicals
CMG Growth Numbers
Last year, CMG earnings were $1.48B. Over the past 5 year, CMG's earnings have grown by 37.02% per year. This was faster than the Restaurants industry average of 20.47%.
Last year, CMG revenue was $10.98B. Over the last 5 year, CMG's revenue has gone up by 15.38% per year. This was faster than the Restaurants industry average of 10.59%.
Learn more about CMG's earnings and revenue performance here.
Latest Insiders Trades at CMG
Over the past year, insiders at CMG have bought more shares than they have sold.
Christopher W. Brandt, Chief Brand Officer of CMG, was the latest CMG insider to sell. They sold $1,200,240.00 worth of CMG shares on Nov 12, 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.
Get analysis from other traders
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
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.
If you require more info about investing in stocks on eToro, watch the helpful video below:
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:
- Figure out where to buy Chipotle Mexican Grill stock
- Open a brokerage account
- Deposit funds into your investment account
- Evaluate Chipotle Mexican Grill stock
- Make your CMG trade
- Watch your CMG investment
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Chipotle Mexican Grill, click below.
More "How To" Guides You May Like
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation 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.