Chipotle Mexican Grill (CMG) Stock Forecast, Price & News

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chipotle Mexican Grill in the last twelve months. There are currently 7 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CMG shares.
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27 Wall Street analysts have issued 1 year target prices for Chipotle Mexican Grill's stock. Their CMG share price forecasts range from $1,657.00 to $2,570.00. On average, they expect the company's share price to reach $2,139.72 in the next year. This suggests a possible upside of 15.9% from the stock's current price.
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Chipotle Mexican Grill's stock was trading at $1,387.49 on January 1st, 2023. Since then, CMG stock has increased by 33.1% and is now trading at $1,846.55.
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Chipotle Mexican Grill saw a decrease in short interest in July. As of July 15th, there was short interest totaling 666,900 shares, a decrease of 7.6% from the June 30th total of 721,500 shares. Based on an average daily trading volume, of 292,700 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.4% of the company's stock are short sold.
View Chipotle Mexican Grill's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
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Chipotle Mexican Grill, Inc. (NYSE:CMG) announced its quarterly earnings data on Wednesday, July, 26th. The restaurant operator reported $12.65 earnings per share for the quarter, topping analysts' consensus estimates of $12.25 by $0.40. The restaurant operator had revenue of $2.51 billion for the quarter, compared to analysts' expectations of $2.53 billion. Chipotle Mexican Grill had a trailing twelve-month return on equity of 45.85% and a net margin of 12.00%. The business's revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the company posted $9.30 earnings per share.
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ETFs with the largest weight of Chipotle Mexican Grill (NYSE:CMG) stock in their portfolio include Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), IQ Winslow Focused Large Cap Growth ETF (IWFG), Invesco Dynamic Food & Beverage ETF (PBJ), 2ndVote Life Neutral Plus ETF (LYFE), Gabelli Growth Innovators ETF (GGRW), Invesco Dynamic Leisure and Entertainment ETF (PEJ), American CenturyFocused Dynamic Growth ETF (FDG) and BTD Capital Fund (DIP).

1,104 employees have rated Chipotle Mexican Grill Chief Executive Officer Brian Niccol on Glassdoor.com. Brian Niccol has an approval rating of 70% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Chipotle Mexican Grill investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Hawkins (HWKN), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Micron Technology (MU), AutoZone (AZO), Accenture (ACN) and Zoetis (ZTS).

Chipotle Mexican Grill trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMG."

Chipotle Mexican Grill's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.44%), Capital World Investors (3.77%), Capital International Investors (3.56%), Artisan Partners Limited Partnership (1.82%), Geode Capital Management LLC (1.82%) and Bank Julius Baer & Co. Ltd Zurich (1.23%). Insiders that own company stock include Albert S Baldocchi, Brian R Niccol, Brian R Niccol, Christopher W Brandt, Curtis E Garner, Curtis E Garner, Jack Hartung, John J Scelfo, Laurie Schalow, Marissa Andrada, Matt Carey, Neil Flanzraich, Pershing Square Capital Manage, Robin S Hickenlooper, Roger E Theodoredis and Scott Boatwright.
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Shares of CMG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CMG stock can currently be purchased for approximately $1,846.55.

Chipotle Mexican Grill (NYSE:CMG) has a market capitalization of $50.95 billion and generates $8.63 billion in revenue each year. The restaurant operator earns $899.10 million in net income (profit) each year or $40.04 on an earnings per share basis.

The company employs 104,958 workers across the globe.

Chipotle Mexican Grill's mailing address is 610 Newport Center Drive Suite 1300, Newport Beach CA, 92660. The official website for the company is www.chipotle.com. The restaurant operator can be reached via phone at (949) 524-4000, via email at ir@chipotle.com, or via fax at 302-674-5266.