CHIPOTLE IS GIVING AWAY UP TO $1 MILLION IN FREE QUESADILLAS FOR NATIONAL QUESADILLA DAY
PRNewswire (Thu, 19-Sep 8:04 AM ET)
Chipotle (CMG) Receives a Buy from Bank of America Securities
TipRanks (Tue, 17-Sep 9:25 AM ET)
Chipotle Mexican Grill’s (NYSE:CMG) Robots Take Over the Kitchen
TipRanks (Tue, 17-Sep 7:24 AM ET)
Chipotle tests collaborative robots to boost efficiency
Seeking Alpha News (Mon, 16-Sep 8:56 AM ET)
CHIPOTLE DEBUTS AUTOCADO AND THE AUGMENTED MAKELINE BY HYPHEN IN RESTAURANTS
PRNewswire (Mon, 16-Sep 8:06 AM ET)
CHIPOTLE BRINGS BACK SMOKED BRISKET IN THE U.S. AND CANADA
PRNewswire (Tue, 10-Sep 8:03 AM ET)
CHIPOTLE MEXICAN GRILL TO ANNOUNCE THIRD QUARTER 2024 RESULTS ON OCTOBER 29, 2024
PRNewswire (Wed, 4-Sep 4:10 PM ET)
CHIPOTLE AND SPIRIT HALLOWEEN BRING MEMES TO LIFE WITH EXCLUSIVE FIRST-EVER COSTUME COLLECTION
PRNewswire (Wed, 4-Sep 8:02 AM ET)
CHIPOTLE TEAMS UP WITH THE OHIO STATE UNIVERSITY TO FUEL BUCKEYE ATHLETES WITH REAL FOOD
PRNewswire (Thu, 29-Aug 11:12 AM ET)
PRNewswire (Wed, 28-Aug 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 September 19, 2024, CMG stock price climbed to $57.70 with 3,525,925 million shares trading.
CMG has a beta of 0.83, meaning it tends to be less sensitive to market movements. CMG has a correlation of 0.16 to the broad based SPY ETF.
CMG has a market cap of $79.02 billion. This is considered a Large Cap stock.
Last quarter Chipotle Mexican Grill reported $3 billion in Revenue and $.34 earnings per share. This beat revenue expectation by $33 million and exceeded earnings estimates by $.02.
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): VTI, VOO, SPY, IVV, VUG.
CMG has outperformed the market in the last year with a price return of +48.8% while the SPY ETF gained +30.0%. However, in the short term, CMG had mixed performance relative to the market. It has underperformed in the last 3 months, returning -15.8% vs +4.5% return in SPY. But in the last 2 weeks, CMG shares have fared better than the market returning +8.2% compared to SPY +3.7%.
CMG support price is $55.82 and resistance is $58.05 (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.