CMG Stock Summary and Trading Ideas (Chipotle Mexican Grill | NYSE:CMG)

Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is almost exclusively company-owned, with just two license stores opearted through a master franchise relationship with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.

Chipotle Mexican Grill trades on the NYSE stock market under the symbol CMG.

As of November 18, 2024, CMG stock price climbed to $58.98 with 614,886 million shares trading.

CMG has a beta of 0.81, meaning it tends to be less sensitive to market movements. CMG has a correlation of 0.15 to the broad based SPY ETF.

CMG has a market cap of $80.37 billion. This is considered a Large Cap stock.

Last quarter Chipotle Mexican Grill reported $3 billion in Revenue and $.27 earnings per share. This fell short of revenue expectation by $-26 million and exceeded earnings estimates by $.02.

In the last 3 years, CMG traded as high as $69.26 and as low as $23.93.

The top ETF exchange traded funds that CMG belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.

CMG has outperformed the market in the last year with a return of +36.8%, while the SPY ETF gained +32.1%. In the last 3 month period, CMG beat the market returning +9.3%, while SPY returned +6.4%. However, in the most recent 2 weeks CMG has underperformed the stock market by returning +0.7%, while SPY returned +2.8%.

CMG support price is $57.49 and resistance is $59.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CMG shares will trade within this expected range on the day.