Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Chipotle (CMG), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
CMG's fourth-quarter performance is likely to have been driven by digital initiatives, Chipotlane add-ons and restaurant openings.
Long a popular stock in the restaurant sector, Chipotle Mexican Grill (CMG -0.81%) still has quite some room to run, according to one analyst at a major U.S. bank. Towards the end of January, the prognosticator lowered his price target on the shares, but he maintained his buy recommendation.
In the closing of the recent trading day, Chipotle Mexican Grill (CMG) stood at $57.83, denoting a -0.81% change from the preceding trading day.
Kenneth Griffin recently sold off more than 90% of his Amazon ( NASDAQ:AMZN ) shares through Citadel Advisors.
Chipotle (CMG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Chipotle (CMG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Chipotle Mexican Grill boasts impressive growth and margins but remains too expensive for value investors, leading me to maintain a 'hold' rating. Despite a 5% stock pullback and strong financials, the high trading multiples in the restaurant space make the stock unattractive for value investment. The company's growth is driven by increased locations and rising comparable restaurant sales, with a focus on expanding Chipotlanes for higher revenue and profits.
Chipotle Mexican Grill (CMG) concluded the recent trading session at $56.70, signifying a -1.49% move from its prior day's close.
Chipotle (CMG) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Chipotle Mexican Grill's stock has shown strong performance since our initial bullish rating in September 2022, with an 80%+ surge, despite recent underperformance in mid-to-late 2024. The company's robust sales growth, margin expansion, and strategic price hikes indicate solid fundamentals, suggesting continued top-line growth and moderate cost increases. Our DCF model values Chipotle's stock at $68.68 per share, indicating it is undervalued by approximately 19.4%, a case supported by Chipotle's RSI.
Chipotle Mexican Grill (CMG -1.44%) is set to report its fourth-quarter and full-year earnings for 2024 on Feb. 4. More importantly, it is the first full quarter for Scott Boatwright, who took over in August as interim CEO.