Trending stocks today
Carvana
Wheels Up Experience Inc
SoFi Technologies
B2Gold Corp.
Canadian Natural Rsrcs
Converge Technology Solutions
Adentra
Source Energy Services Ltd
Alphabet Inc. / Google
TMX Group
Canadian National R.R.
Ovintiv
West Fraser Timber
Winpak Ltd.
Alaris Equity Partners Income Trust
Cascades Inc
Enbridge
Chipotle Mexican Grill (CMG-N)
50 watching
NYSE:CMG
1,722.86
22.58
(1.33%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Feb 7, 2023, 9:04 pm
0
BUY
food services
BUY
recession-proof? Yes. In tough times, people will reward themselves with affordable meals at places like CMG. History bears this out with CMG.
food services
TOP PICK
Chipotle Mexican Grill, Inc. is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. Chipotle had over 2,700 restaurants as of September 30, 2020, in the United States, Canada, the United Kingdom, France and Germany and is the only restaurant company of its size that owns and operates all its restaurants. With more than 94,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. Steve Ells, founder and former executive chairman, first opened Chipotle with a single restaurant in Denver, Coloradoin 1993. Social media mentions are up 333% in the past 24h.
food services
$1618.770
Unknown
WAIT
Allan Tong’s Discover Picks Since I recommended it in mid-August, CMG shares have endured a choppy ride, but since its report a week ago, shares have sharply turned upward pointing to it being an oversold stock at the time. CMG stock reported that revenue was up 13.7% YOY. In-store sales were up 22.1%, better than the company’s overall growth. Digital sales accounted for 37.2% of revenues in the last quarter. Another positive is that Chipotle’s rewards program now boasts 30 million members after only 3.5 years. More good news, the price of avocados has declined and overall U.S. inflation continues to tick down as seen in recent consumer and producer numbers. If food costs continue to ease, margins should improve. Read 3 Oversold Stocks to Take Advantage of for our full analysis.
food services
HOLD
They just reported a fine quarter, but several analysts harped that the chain is too expensive for some people after several menu price increases. Yes, there is modest market-share loss in some small towns, but same-store sales growth was up 7%. They face extreme inflation, namely for avocados, dairy and beef, so if they get a price break on any of these, their profits will jump. It's worth holding onto this just for that price inflection.
food services
BUY
Saw a 4% product price increase in August, but with food costs easing, margins should improve. Great managers.
food services
BUY on WEAKNESS
Allan Tong’s Discover Picks So, Chipotle is executing well and planning for the future. That's not to say that there is smooth sailing ahead. As noted, food and worker costs keep rising, but we are starting to see such costs plateau and this trend could extend into the autumn. Again, keep an eye on crude oil prices. The street has 20 buys and four holds on CMG, but a price target that's only 6.37% higher, at $1,769.76. Look for pullbacks. Read 3 Options to Profit from Falling Crude Oil for our full analysis.
food services
BUY
He is long this. It broke out above its 200-day moving average. It's off to the races.
food services
BUY
They just delivered a blow-out quarter. Shares jumped nearly 15% today. They have a more affluent clientele and the food is good. This stock has always had a higher price.
food services
WAIT
They report tomorrow. Too many dump on this stock. It's a reliable chain and shares have gotten too cheap, but wait for what McDonald's says tomorrow morning when it reports.
food services
BUY
Will ultimately recover. Best among fast-food operators. Better times ahead. UBS reiterated it as a buy.
food services
BUY
He trimmed his AbbVie to buy back Chipotle which he once owned. Though the near-term market direction is cloudy, he is seeking opportunity. He bought AbbVie last November at $115. Over three days, AbbVie jumped 8%, way faster than in recent years, but then it was wiped out in just three days. So, he sold half his position. He bought Chipotle, because he wanted growth at a reasonable valuation. It can endure theses inflationary times. Brand recognition helps. Fast food continues to sell.
food services
BUY on WEAKNESS
A great company. It's very cheap now. Buy a tranche every 200 points down.
food services
BUY
They report Tuesday. He predicts they'll have low-digit same-store sales vs. last year's already-excellent numbers. This should spark the stocks price. True, raw costs are always a problem, but he expects the report will be respectable.
food services
COMMENT
It's fantastic, but it's a high-PE stock and they're all going down.
food services
Chipotle Mexican Grill(CMG-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 10
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 11
Chipotle Mexican Grill(CMG-N) Frequently Asked Questions
What is Chipotle Mexican Grill stock symbol?
Chipotle Mexican Grill is a American stock, trading under the symbol CMG-N on the New York Stock Exchange (CMG). It is usually referred to as NYSE:CMG or CMG-N
Is Chipotle Mexican Grill a buy or a sell?
In the last year, 11 stock analysts published opinions about CMG-N. 10 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Chipotle Mexican Grill.
Is Chipotle Mexican Grill a good investment or a top pick?
Chipotle Mexican Grill was recommended as a Top Pick by on . Read the latest stock experts ratings for Chipotle Mexican Grill.
Why is Chipotle Mexican Grill stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Chipotle Mexican Grill worth watching?
11 stock analysts on Stockchase covered Chipotle Mexican Grill In the last year. It is a trending stock that is worth watching.
What is Chipotle Mexican Grill stock price?
On 2023-02-07, Chipotle Mexican Grill (CMG-N) stock closed at a price of $1722.86.
Advertising
It reports Tuesday. They will hire 15,000 people for burrito season, so business must be great. Some say earnings estimates for this year are too expensive, but he feels they are too low.