CMG - Chipotle Mexican Grill, Inc.

NYSE - NYSE Delayed Price. Currency in USD
514.82
+0.33 (+0.06%)
At close: 4:02PM EST
Stock chart is not supported by your current browser
Previous Close514.49
Open515.52
Bid0.00 x 1100
Ask0.00 x 1800
Day's Range512.61 - 518.92
52 Week Range247.52 - 530.68
Volume524,088
Avg. Volume720,800
Market Cap14.305B
Beta (3Y Monthly)0.63
PE Ratio (TTM)76.62
EPS (TTM)6.72
Earnings DateFeb 6, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est473.35
Trade prices are not sourced from all markets
  • Barrons.com11 hours ago

    Chipotle Stock Has Already Soared Nearly 20% in 2019. What’s Next?

    There is still a ways to go before the shares touch their all-time highs, but some analysts are expressing caution.

  • Chipotle Shares See Big Buying
    Investopedia14 hours ago

    Chipotle Shares See Big Buying

    The recent lift in price alongside unusual accumulation signals suggest that Chipotle stock could be worth a spot in a growth-oriented portfolio.

  • Chipotle CEO Brian Niccol says he's making the brand visible to customers again
    CNBCyesterday

    Chipotle CEO Brian Niccol says he's making the brand visible to customers again

    Less than a year after taking over as CEO of Chipotle Mexican Grill, Brian Niccol has helped reshape the once beleaguered burrito chain, improving sales and fueling the company's best stock performance in five years. But, there's still more work to be done. On Tuesday, Niccol reviewed his strategy at a panel at the ICR Conference in Orlando.

  • Chipotle CEO: Consumer environment still strong despite the 'noise'
    CNBC2 days ago

    Chipotle CEO: Consumer environment still strong despite the 'noise'

    Chipotle Mexican Grill CEO Brian Niccol is still optimistic about the consumer despite the partial federal government shutdown and stock market volatility.

  • InvestorPlace2 days ago

    History Says That Chipotle Stock Is a Sell Above $500

    Enormous volatility in shares of Mexican fast casual eatery Chipotle (NYSE:CMG) has created tremendous buying and selling opportunities in Chipotle stock over the past year. First, Chipotle stock fell to $250 in February 2018. That was an opportunity to buy. Then, CMG nearly doubled by August and eclipsed the $500 mark. That was the time to sell. It fell all the way back nearly $400 by October. That was another buying opportunity. It rallied back to nearly $500 in December. Time to sell again. Then, it dropped to below $400, which was yet another opportunity to buy. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Dividend Stocks With Growth on the Horizon Now, CMG has again rallied to above $500. This big rally above $500 will end no differently than prior similar rallies. It will inevitably fade. Quite simply, the fundamentals don't support a $500 price tag for Chipotle stock just yet, while the technicals indicate that the stock is overbought in the near term and due for a pullback. In other words, this is another opportunity to sell the rally in Chipotle stock. Eventaully, CMG will rally above $500 and hold that level. But, not today. Today, this stock should ultimately fall back into the $400's relatively soon. ### Chipotle Has Healthy Drivers When it comes to the qualitative growth narrative underlying Chipotle stock, you have some good and some bad. On the good side, Chipotle's comparable sales growth trajectory is turning around and margins are finally rebounding. This is due to multiple company-specific initiatives that have reinvigorated growth. Namely, the company is aggressively expanding its presence in the digital food ordering and delivery market, which is a red hot market that is still growing by leaps and bounds. Also, Chipotle is innovating on its menu for the first time in a long time. In so doing, the company is bringing in new customers through new items like diet lifestyle bowls. Alongside these new innovations, the Chipotle brand has also finally developed a voice for itself through a unique "Get Real" marketing campaign that emphasizes the authenticity and uniqueness of Chipotle's food ingredients and preparation. All of these developments are positive for Chipotle stock. They should drive continued positive comparable sales growth and margin expansion for the foreseeable future, and keep Chipotle relevant in the crowded quick service restaurant space. ### There Are Big Risks, Too On the bad side, the crowded quick service restaurant(QSR) space is only getting more crowded. McDonald's (NYSE:MCD), long known for producing what the public perceived as "cheap" food, is stepping up its game on the health front by rolling out fresh beef patties and eliminating antibiotics from its global supply chain. Movements like these, which are happening everywhere and not just at McDonald's, somewhat erode Chipotle's moat as a unique fresh food QSR. Also, the poke and acai bowl trends remain the fad in the healthy QSR space , meaning that Chipotle's burritos continue to lose share among health-oriented consumers. Wage pressures are also picking up, with inflation and wage growth hitting multi-year highs, and that's a major headwind for margins. It's also worth mentioning that Amazon (NASDAQ:AMZN) is making a big push in the QSR and convenience store space with cashier-less convenience stores, and that is a potential long term threat for Chipotle. Overall, the Chipotle narrative has some good, and some bad. Above $500, Chipotle stock reflects just the good, and that makes the stock unnecessarily risky. ### Chipotle Stock Isn't Supported Above $500 When it comes to the fundamentals underlying CMG, they are, much like the narrative, a mixed bag. Comparable sales growth trends are improving and running in the positive mid-single-digit range. But, all of that growth is from price hikes, not traffic growth. That isn't sustainable. Eventually, price hikes will run their course. Once they do, comparable sales growth will normalize lower. They will likely settle in the low-single-digit range. LSD comps plus some unit expansion should drive ~7.5% revenue growth per year over the next several years. Margins are trending higher. This will continue because they are rebounding from a depressed base. But, restaurant level margins are up only 170 basis points year-to-date to 19.3%. I say "only" because, at their peak, RLMs were above 27%. Chipotle won't get back to those RLMs. Average unit volumes likely won't eclipse their previous peak, and even if they do, it will be because of price hikes and not traffic. If prices are going up, that usually means wages and other costs are going up, too. Thus, it's net neutral on the margin line. Going forward, Chipotle is a company characterized by sub-10% revenue growth and mild margin expansion. In combination, that should realistically drive earnings per share to $30 by 2023. A restaurant average 22 forward multiple on that implies a fiscal 2022 price target of $660. Discounted back by 10% per year, that equates to a fiscal 2019 price target of just under $500. Chipotle stock is currently above $500. Thus, the stock is already trading above a reasonable 12 month forward price target. That's an unfavorable position to be in, fundamentally speaking. Also, due to the huge rally from below $400 to above $500 in about two weeks, CMG is entering technically overbought territory ahead of earnings. The Relative Strength Index (RSI) on the stock is above 70, or in overbought territory. The stock price is also more than 10% above its 50-day moving average, a large divergence which historically implies a near term peak. ### Bottom Line on CMG Stock Long term, Chipotle stock will be just fine. But, in the near term, this stock is both fundamentally overvalued and technically overbought. That combination implies a bearish outlook for CMG over the next few weeks, and I wouldn't be surprised to see this stock fall back into the $400's relatively soon. As of this writing, Luke Lango was long AMZN. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies That Could Post Decelerating Profits * 10 A-Rated Stocks the Smart Money Is Piling Into * Mizuho: 7 Long-Term Value Stocks to Buy Now Compare Brokers The post History Says That Chipotle Stock Is a Sell Above $500 appeared first on InvestorPlace.

  • Top Consumer Discretionary Stocks for 2018
    Investopedia2 days ago

    Top Consumer Discretionary Stocks for 2018

    In the booming economy of 2018, consumer discretionary stocks were skyrocketing until they weren’t. Here is a brief rundown of the top 5 stocks in this sector.

  • Why Chipotle Stock Will Hit Fresh Highs
    InvestorPlace3 days ago

    Why Chipotle Stock Will Hit Fresh Highs

    If you thought 2018 was sizzling for Chipotle Mexican Grill (NYSE:CMG) stock bulls, it was. But if you also missed out, don't worry -- CMG stock is setting up for more fresh-fast price action to come in the weeks and months ahead. Let me explain. Sometimes you simply have to listen to the price charts and shut out the noise of bearish talking heads within the canyons of Wall Street. Over the past couple years, that has more or less been the case with fresh-fast Mexican food chain Chipotle. As most anyone with a passing interest in the stock market knows, bearish operators and Wall Street's analyst community were fairly relentless in grilling CMG stock bulls following the company's well-publicized food scares, presuming the death of the Chipotle brand with consumers. But time typically heals most wounds on Wall Street. CMG stock has proven no exception. InvestorPlace - Stock Market News, Stock Advice & Trading Tips After a painful couple years, profits and sales saw a new, healthier trend emerge, while Chipotle shares soared back more than 45% in 2018 compared to an indigestion-producing down year for the broader market. * 7 Stocks at Risk of the Global Smartphone Slowdown Changes to health protocols and management, as well as forgetting (or at least forgiving) investors and aggressive marketing campaigns, all but proved Chipotle is back and here to stay. And despite last year's enviable rally, the CMG stock chart is serving up a very bullish picture strongly suggesting the best is yet to come. ### CMG Stock Daily Chart If you've followed the whereabouts of CMG stock the past couple weeks, you've had to keep a close eye on shares. While the market has enjoyed a nice rally since late December, Chipotle has surged higher by just over 30% and has gotten within spitting distance of its one-year, intermediate high captured back in August. The other manifestation of CMG's massive rally is that shares are currently overbought in the near term. Combined with Chipotle being so close to the prior highs and potential resistance, if a shrinking bearish community was to try and make its pitch CMG stock is a short -- now would be the time. ### CMG Stock Weekly Chart Alternatively and taking a look at the big picture, if traders are tempted to short shares, I'd strongly suggest not overstaying one's welcome. It's our contention the weekly chart of CMG stock is unequivocally bullish. After breaking out from a volatile bottoming pattern in early 2018 and into a new bull market, shares of Chipotle have formed a very healthy-looking "W" or high-level corrective double-bottom base which enjoys a supportive stochastics set-up. With CMG breaking above the formation's mid-pivot resistance level this past week, shares are in bullish position to digest the overbought gains before breaking out to new intermediate highs. For bullish investors agreeable with our forecast, I'd suggest waiting for some modest backing and filling of CMG stock to occur first, rather than buying shares today. In a perfect world, Chipotle's price action could take on the shape of technical-based handle formation wherein the mid-pivot acts as support. In a less-perfect reality, I'd say buying on weakness with a stop-loss below $465 in order to make sure the spirit of the pattern and your portfolio remains intact is a very healthy choice to make. Investment accounts under Christopher Tyler's management currently own positions in Chipotle stock (CMG) and / or its derivatives. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post Why Chipotle Stock Will Hit Fresh Highs appeared first on InvestorPlace.

  • Benzinga5 days ago

    McDonald's, Restaurant Brands, Chipotle Are Morgan Stanley's Top Restaurant Picks In Challenging Year For Sector

    As the economic expansion ages and macroeconomic fundamentals begin to deteriorate, one sector that is likely to find the going tough is the consumer discretionary sector. This year presents a complicated ...

  • Netflix, Ruku, & Chipotle In Spotlight After Wall Street's Green Week
    Zacks6 days ago

    Netflix, Ruku, & Chipotle In Spotlight After Wall Street's Green Week

    Ryan McQueeney and Maddy Johnson take on this week's top market headlines, including the renewed momentum of Netflix, Roku, and Chipotle as well as a batch of mixed holiday sales results from the retail sector.

  • Netflix, Roku, & Chipotle in Spotlight After Wall Street's Green Week
    Zacks6 days ago

    Netflix, Roku, & Chipotle in Spotlight After Wall Street's Green Week

    Ryan McQueeney and Maddy Johnson take on this week's top market headlines, including the renewed momentum of Netflix, Roku, and Chipotle as well as a batch of mixed holiday sales results from the retail sector.

  • BJRI vs. CMG: Which Stock Should Value Investors Buy Now?
    Zacks6 days ago

    BJRI vs. CMG: Which Stock Should Value Investors Buy Now?

    BJRI vs. CMG: Which Stock Is the Better Value Option?

  • Should You Be Worried About Chipotle Mexican Grill, Inc.’s (NYSE:CMG) 13% Return On Equity?
    Simply Wall St.6 days ago

    Should You Be Worried About Chipotle Mexican Grill, Inc.’s (NYSE:CMG) 13% Return On Equity?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Read More...

  • CNBC6 days ago

    Government shutdown slows FDA inspections, food safety watchdogs warn of outbreak risks

    Some 41 percent of the Food and Drug Administration's employees have been furloughed. Because of the nationwide shutdown, the FDA has been forced to stop a large portion of its safety inspections. Foreign food inspections have continued at their normal pace.

  • Reuters7 days ago

    Ackman's Pershing Square fund powers ahead in new year

    Billionaire investor William Ackman's publicly traded hedge fund gained 7.1 percent in the first week of January, according to an investor update, marking the strongest start to a new year ever for the firm. Early January stock gains at Chipotle Mexican Grill, one of Ackman's most potent investments ever since he helped install a new chief executive last year, helped power the portfolio forward. Gains at Platform Specialty Products Corp and Lowe's Companies also helped.

  • Dow Jones Today: Apple, Microsoft Lead Blue-Chip Rally
    Investor's Business Daily7 days ago

    Dow Jones Today: Apple, Microsoft Lead Blue-Chip Rally

    A rally in semiconductor stocks lifted the Nasdaq composite to a gain of 1% in afternoon trading Wednesday. Apple was a top performer in the Dow Jones.

  • Why Analysts Expect Chipotle’s EPS Growth to Increase in 2019
    Market Realist7 days ago

    Why Analysts Expect Chipotle’s EPS Growth to Increase in 2019

    Is There More Upside to Chipotle’s Stock Price? (Continued from Prior Part) ## Analysts’ EPS expectations for 2018 Chipotle Mexican Grill (CMG) posted adjusted EPS of $7.16 in the first three quarters of 2018, representing a rise of 36.4% from $5.25 in the corresponding three quarters of 2017. Revenue growth of 8.1%, the expansion of its net margins, and share repurchases drove the company’s EPS. During the period, the company’s net margin expanded from 3.9% in the corresponding three quarters of 2017 to 5.5%. A fall in food, beverage, and packaging costs, a fall in other operating costs, and a lower effective tax rate improved Chipotle’s net margin. However, some of the expansion was offset by increased labor costs, general and administrative expenses, and depreciation and amortization expenses. Analysts expect Chipotle to post EPS of $1.32 in the fourth quarter to take its total EPS for 2018 to $8.53, a rise of 29.2% from $6.60 in 2017. In comparison, Shake Shack (SHAK) and McDonald’s (MCD) are expected to post EPS rises of 19.4% and 16.4%, respectively, in 2018. ## Analysts’ 2019 EPS expectations Analysts expect Chipotle to post EPS of $11.96 in 2019, a rise of 40.3% from $8.53 in 2018. Revenue growth and the expansion of its net margin are expected to drive the company’s EPS. In 2019, analysts expect Chipotle’s revenue to rise 7.9% to $5.21 billion. This revenue growth is likely to be driven by the opening of new restaurants and positive same-store sales growth. Management expects to open 140–155 new restaurants in 2019. Chipotle’s net margin is likely to expand from 4.9% in 2018 to 6.3%. This expansion is expected to be driven by the company’s improved gross margin, lower selling, general, and administrative expenses, and lower effective tax rate. During the same period, the EPS of Shake Shack and McDonald’s are expected to rise 7.1% and 6.1%, respectively. Browse this series on Market Realist: * Part 1 - Is There More Upside to Chipotle’s Stock Price? * Part 2 - What Analysts Are Recommending for Chipotle

  • Nasdaq, Dow Jones Rise Again; 3 Reasons Why Stock Market Bulls Are Still In Charge
    Investor's Business Daily7 days ago

    Nasdaq, Dow Jones Rise Again; 3 Reasons Why Stock Market Bulls Are Still In Charge

    The Dow Jones industrial average and Nasdaq reflected continued strength in stocks today. Small caps continue to rise too. More stocks are basing.

  • What Analysts Are Recommending for Chipotle
    Market Realist8 days ago

    What Analysts Are Recommending for Chipotle

    Is There More Upside to Chipotle’s Stock Price? (Continued from Prior Part) ## Analysts’ recommendations Of the 33 analysts that cover Chipotle Mexican Grill (CMG), 39.4% have given the stock “buy” ratings, 45.5% have given it “holds,” and 15.2% have given it “sells.” On average, analysts have set a price target of $470.46 on the stock, which represents a potential fall of 5.4% from its current price of $497.37. As we discussed in the previous article, BTIG, which has a “buy” rating on Chipotle, has identified Chipotle as one of its top picks for 2019. On January 8, KeyBanc raised its 12-month price target for Chipotle from $500 to $525. Barclays raised its price target from $400 to $450 on December 19. On October 26, Wedbush increased its price target from $380 to $400, Stifel cut its price target from $450 to $440, and SunTrust Robinson cut its price target from $510 to $500. ## Peer comparison Among the 12 analysts covering Shake Shack (SHAK), 33.3% have given it “buys,” 50.0% have given it “holds,” and 16.7% have given it “sells.” Its average price target of $53.09 implies a potential upside of 8.3% from its current price of $49.04. Among the 31 analysts covering McDonald’s (MCD), 78.1% have given it “buys,” and 21.9% have given it “holds.” Its average price target of $195.50 implies a potential upside of 8.3% from its current price of $180.60. ## Valuation multiple As of January 8, Chipotle is trading at a forward PE multiple of 41.6x compared to 32.5x on December 24. The increase in Chipotle’s stock price has increased its valuation multiple. As of the same day, its peers Shake Shack and McDonald’s have forward PE multiples of 67.4x and 22.0x, respectively. Chipotle is currently trading at 58.3 times analysts’ 2018 EPS expectations and 41.6 times analysts’ 2019 EPS expectations. Its EPS are expected to rise 29.2% in 2018 and 40.3% in 2019. Next, we’ll look at the factors that could drive Chipotle’s EPS in 2019. Continue to Next Part Browse this series on Market Realist: * Part 1 - Is There More Upside to Chipotle’s Stock Price? * Part 3 - Why Analysts Expect Chipotle’s EPS Growth to Increase in 2019

  • Is There More Upside to Chipotle’s Stock Price?
    Market Realist8 days ago

    Is There More Upside to Chipotle’s Stock Price?

    Is There More Upside to Chipotle’s Stock Price? ## Stock performance The weakness in the broader equity market due to the increase in the interest rate by the Federal Reserve and concerns over the government shutdown led Chipotle Mexican Grill (CMG) stock to fall to $385.84 on December 24. However, since then, the company’s stock has been on the upswing. On January 8, Chipotle was trading at $497.37, a rise of 28.9% from its December 24 closing price. The company is trading 100.9% higher than its 52-week low of $247.52 and 6.3% lower than its 52-week high of $530.68. ## Chipotle’s stock price drivers As reported by Yahoo Finance, Peter Saleh and Ben Parente of BTIG have identified Chipotle as one of their top picks for 2019. In a research note, BTIG wrote, “We believe Chipotle has multiple levers at its disposal in 2019 to drive both top and bottom line outperformance, including menu innovation, digital sales growth, loyalty, menu pricing and improving new unit economics.” Also, on January 8, KeyBanc raised its 12-month price target for Chipotle from $500 to $525. On January 2, Chipotle launched a line of new Lifestyle Bowls, which include the Keto Salad Bowl, the Paleo Salad Bowl, the Whole30 Salad Bowl, and the Double Protein Bowl. It’s launched these healthier options to support customers’ New Year’s resolutions.  All these factors have contributed to the rise in Chipotle’s stock price. ## Stock performance in 2018 In recent years, Chipotle stock has been negatively affected by a series of food safety issues. The company was first hit by an E. coli outbreak in December 2015. The food safety issues caused Chipotle stock to fall from its all-time high of $758.61 on August 5, 2015. However, investors’ optimism about the appointment of Brian Niccol as the company’s CEO in March and the company’s strong performance in the first three quarters of 2018 helped the stock rise 49.4% in 2018. Year-to-date, the company’s stock has risen 15.2%. Chipotle’s peers Shake Shack (SHAK) and McDonald’s (MCD) returned 5.1% and 3.2% in 2018, respectively. Next, we’ll look at analysts’ recommendations on CMG. Continue to Next Part Browse this series on Market Realist: * Part 2 - What Analysts Are Recommending for Chipotle * Part 3 - Why Analysts Expect Chipotle’s EPS Growth to Increase in 2019

  • Dow Jones Futures Up After China Trade Talks, Trump Speech, Apple
    Investor's Business Daily8 days ago

    Dow Jones Futures Up After China Trade Talks, Trump Speech, Apple

    Stock futures: Apple rose despite bad news. China trade talks ended and a Trump speech ended with no emergency. Amgen, Chipotle, Verizon, Union Pacific and Five9 are nearing buy points.

  • Why Did Chipotle (CMG) Stock Gain Today?
    Zacks8 days ago

    Why Did Chipotle (CMG) Stock Gain Today?

    Shares of Chipotle (CMG) continued their strong run of momentum, adding another 2.6% on Tuesday as investors reacted to stronger market conditions and bullish company-specific analyst reports.

  • Consumers are confident despite 'noise', says Chipotle CE...
    CNBC Videos2 days ago

    Consumers are confident despite 'noise', says Chipotle CE...

    Chipotle CEO Brian Niccol sits down with CNBC's Kate Rogers to talk about the company's digital growth, consumer sentiment, and outlook on the fast-casual chain's future.

  • Taco Bell tries an all new vegetarian menu
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  • Traders mixed on Piper Jaffray's restaurant stocks list
    CNBC Videos5 days ago

    Traders mixed on Piper Jaffray's restaurant stocks list

    CNBC's 'Fast Money Halftime Report' discusses Piper Jaffray's top restaurant picks, including McDonald's and Chipotle.

  • Chipotle Remains Strong
    Investor's Business Daily Video5 days ago

    Chipotle Remains Strong

    Chipotle Remains Strong