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 $3,213.43, up 2.15% from the previous day, and has increased 55.84% in one year. It has overperformed other stocks in the Restaurants industry by 0.26 percentage points. Chipotle Mexican Grill stock is currently +81.69% from its 52-week low of $1,768.63, and -1.43% from its 52-week high of $3,260.00.
As of May 17, 2024, there are 27.47M CMG shares outstanding. The market cap of CMG is $88.26B. In the last 24 hours, 263,865 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.
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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.
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- 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.
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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 Zen 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 68.2x, relative to Restaurants industry P/E ratio of 41.55x
- CMG could be undervalued based on its P/B ratio of 26.26x, relative to Restaurants industry P/B ratio of -243.36x
- CMG may be overvalued based on its PEG ratio of 4.26x
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 $1.70B is not enough to cover its interest payments.
- CMG's operating cash flow of $1.90B allows it to safely service it's debt of $4.16B.
- CMG profit margin has gone up from 11.5% to 12.7% 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 1.5.
Do analysts think it's a good time to buy Chipotle Mexican Grill stock
Out of 24 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
Lauren Silberman, a top 5% analyst from Deutsche Bank maintains CMG with a strong buy rating and raises their CMG price target from $3,400.00 to $3,600.00, on Apr 25, 2024.
Eric Gonzalez, a top 9% analyst from KeyBanc maintains CMG with a strong buy rating and raises their CMG price target from $3,250.00 to $3,400.00, on Apr 25, 2024.
Andrew Strelzik, a top 12% analyst from BMO Capital maintains CMG with a hold rating and raises their CMG price target from $2,400.00 to $2,850.00, on Apr 25, 2024.
Peter Saleh, a top 13% analyst from BTIG maintains CMG with a strong buy rating and raises their CMG price target from $3,250.00 to $3,350.00, on Apr 25, 2024.
BTIG's Peter Saleh raised their price target on Chipotle Mexican Grill (NYSE: CMG) by 3.1% from $3,250 to $3,350 on 2024/04/25. The analyst maintained their Strong Buy rating on the stock.
Chipotle Mexican Grill continued its dominance in the restaurant industry with another excellent earnings report, Saleh told investors after assessing the company's Q1 2024 print released on 2024/04/24.
The analyst said that same-store sales growth of 7% beat BTIG's forecast of 5%, while traffic increased by 5.4% Y/Y and 9.3% over the past two years.
"This is all very impressive considering the industry-wide decline," Saleh added.
Earnings Report
For Q1 2024, Chipotle Mexican Grill reported:
- EPS of $13.37, which beat the Zacks Consensus Estimate of $11.63 and, by 27.3%, Q1 2023’s $10.50.
- Revenue of $2.7B, which beat the Zacks Consensus Estimate by 1.01% and, by 14.1%, Q1 2023’s $2.37B.
- Comparable restaurant sales growth of 7%.
- Opened 47 new restaurants with 43 locations including a Chipotlane.
For FY 2024, management guided:
- Mid to high-single-digit comparable restaurant sales growth.
- 285 to 315 new restaurant openings, with over 80% having a Chipotlane.
Chairman & CEO Brian Niccol commented: "We had another outstanding quarter driven by our improvement in throughput and successful marketing initiatives, including Braised Beef Barbacoa and Chicken Al Pastor, which drove strong sales and transactions.
“The results we are seeing from our focus on developing exceptional people, preparing delicious food and fast throughput gives me confidence that we can achieve our long-term target of more than doubling our business in North America and expanding internationally.”
John Ivankoe, a top 8% analyst from JP Morgan maintains CMG with a hold rating and raises their CMG price target from $2,500.00 to $2,750.00, on Apr 25, 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 $1.30B. Over the past 5 year, CMG's earnings have grown by 44.81% per year. This was faster than the Restaurants industry average of 15.32%.
Last year, CMG revenue was $10.20B. Over the last 5 year, CMG's revenue has gone up by 15.22% per year. This was faster than the Restaurants industry average of 8.3%.
Learn more about CMG's earnings and revenue performance here.
Latest Insiders Trades at CMG
Over the past year, insiders at CMG have sold more shares than they have bought.
Albert S. Baldocchi, Director of CMG, was the latest CMG insider to sell. They sold $57,007.67 worth of CMG shares on Apr 26, 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.
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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.
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