5-Jul-2024
Chipotle Stock (CMG): Here’s What Investor Sentiment Signals
TipRanks (Fri, 5-Jul 6:35 AM ET)
Here’s Why Chipotle Stock (NYSE:CMG) Has Been Falling Lately
TipRanks (Thu, 4-Jul 12:08 PM ET)
Deutsche Bank’s Fresh Money list for 3Q
Seeking Alpha News (Tue, 2-Jul 1:15 PM ET)
PRNewswire (Mon, 1-Jul 8:08 AM ET)
CMG Bearish Calendar Put Spread is Inexpensive at 40 Cents
Market Chameleon (Thu, 27-Jun 11:45 AM ET)
CHIPOTLE (NYSE: CMG) SHARES TO BEGIN TRADING ON A POST-SPLIT BASIS TODAY
PRNewswire (Wed, 26-Jun 8:01 AM ET)
CHIPOTLE EXTENDS CELEBRITY STATUS TO BRAND SUPERFANS, LAUNCHES CARD APPLICATION ON LINKEDIN
PRNewswire (Mon, 24-Jun 8:07 AM ET)
CMG Bullish Calendar Call Spread with 397% Upside
Market Chameleon (Thu, 13-Jun 2:35 PM ET)
CHIPOTLE SHAREHOLDER APPROVAL PAVES WAY FOR HISTORIC 50-FOR-1 STOCK SPLIT
PRNewswire (Thu, 6-Jun 11:38 AM ET)
CHIPOTLE MEXICAN GRILL TO ANNOUNCE SECOND QUARTER 2024 RESULTS ON JULY 24, 2024
PRNewswire (Wed, 5-Jun 4:10 PM ET)
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 predominately company-owned, although it recently inked a development agreement 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 July 5, 2024, CMG stock price climbed to $62.75 with 11,166,868 million shares trading.
CMG has a beta of 0.94, meaning it tends to be less sensitive to market movements. CMG has a correlation of 0.24 to the broad based SPY ETF.
CMG has a market cap of $86.18 billion. This is considered a Large Cap stock.
Last quarter Chipotle Mexican Grill reported $3 billion in Revenue and $.27 earnings per share. This beat revenue expectation by $32 million and exceeded earnings estimates by $.04.
In the last 3 years, CMG stock 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): RAYD, VTI, VOO, SPY, VO.
CMG has outperformed the market in the last year with a return of +47.9%, while the SPY ETF gained +26.7%. In the last 3 month period, CMG beat the market returning +8.0%, while SPY returned +7.3%. However, in the most recent 2 weeks CMG has underperformed the stock market by returning -2.3%, while SPY returned +1.9%.
CMG support price is $60.26 and resistance is $62.90 (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 stock will trade within this expected range on the day.