AllAnalyst Report
logoArgusSeptember 15, 2021

Chipotle Mexican Grill, Inc.: Raising target price to $2,110

Symbols
CMG
Sector(s)
Consumer Cyclical
Rating
Current Price
$2,906.77
Price Target
Earnings Estimate
Summary

Chipotle Mexican Grill opened its first restaurant in 1993, became a subsidiary of McDonald's in 1998, and was spun off in a public offering in 2006. The company operates more than 2,000 restaurants. CMG restaurants offer quick service, but maintain traditional cooking methods and utilize high-quality ingredients. The company has a tightly focused menu, but store design and decor vary by location. The company has been expanding rapidly in recent years as interest in Southwestern food has spread throughout the U.S. With a market capitalization near $52.5 billion, the shares are generally regarded as large-cap growth.

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Analyst Profile

John D. Staszak, CFA

Securities Analyst: Consumer Discretionary & Consumer Staples
John's specialty at Argus includes the gaming, lodging and restaurant groups within the Consumer Discretionary sector. John earned an MBA from the University of Texas and a BA in Economics from the University of Pennsylvania. In the financial services industry, he has worked as an analyst and consultant for firms including Standard & Poor's, the Bank of New York, Harris Nesbitt Gerard and Merrill Lynch. John is a CFA charterholder. Forbes magazine named John as the second-best stock picker among restaurant analysts in 2006. He was also ranked the second-best analyst covering the restaurant sector by the Wall Street Journal in 2007, a year in which a Financial Times/StarMine survey also ranked John that same way. In 2008, the Journal again listed John as an award winner, with a third-best designation among hotel industry analysts and a fifth-best designation among restaurant analysts.