Here's Why Chipotle Mexican Grill (CMG) is a Strong Growth Stock (2024)

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e=r.searchBoxForm.querySelector("[name=fr]"),n=r.searchBoxForm.querySelector("[name=fr2]");e&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr&&(e.value=i.searchBox.params.fr,e.disabled=!1),n&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr2&&(n.value=i.searchBox.params.fr2,n.disabled=!1),r.searchBoxForm.submit()}}),1e3)},r.recognition.onspeechstart=function(){},r.recognition.onspeechend=function(){r.recognition.stop()},r.recognition.onerror=function(){r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_error")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play()},r.recognition.onaudiostart=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.add("listening")},r.recognition.onaudioend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("listening")},r.recognition.onsoundstart=function(){r.hideTrending(r),r.noSpeech=!1,r.speechButtonContainer&&(r.speechButtonContainer.classList.remove("listening"),r.speechButtonContainer.classList.add("speaking"))},r.recognition.onsoundend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("speaking")},r.recognition.onstart=function(){r.recognitionInit(r),r.startRecognition(r)},r.recognition.onend=function(){r.isRecognitionStart=!1,0==r.noSpeech&&""==r.speechResult&&(r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_nomatch")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play())},document&&document.dispatchEvent&&document.dispatchEvent(new Event("VOICE_JS_READY"))}}o.I18n=m,o.prototype.renderPermissionGuide=function(e){var n='\n

    \n

    \n

    \n

    \n

    \n

    \n

    \n

    '.concat(e.i18n.t("search.voice.permission_title"),'

    \n

    ').concat(e.i18n.t("search.voice.permission_text"),"

    \n

    \n

    \n

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    \n

    \n

    \n

    \n

    \n

    \n \n \n \n \n \n \n

    \n

    \n

    \n \n \n '.concat(e.i18n.t("search.voice.recognition_retry"),'\n

    \n

    \n

    \n

    \n

    \n

    \n ').concat(e.i18n.t("search.voice.trending_title"),'\n \n

    \n

    \n

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e)&&("SpeechGrammarList"in e||"webkitSpeechGrammarList"in e)}}],d=0;d0){var n=e.speechResult.charAt(e.speechResult.length-1);"."!==n&&"?"!==n&&"。"!==n&&"?"!==n||(e.speechResult=e.speechResult.slice(0,-1))}},o.prototype.sendBeacon=function(n,t){var o=e.YAHOO.ULT||{},i=e.YAHOO.SB||{};if(o.beacon_click){var r={_S:i.config.i13n.spaceid,_I:i.config.i13n.pvid,actn:n,sec:"search",slk:t};e.YAHOO.ULT.beacon_click(r)}},o.prototype.ajaxReq=function(t,o){var i,r,a=XMLHttpRequest.DONE||4,s=new XMLHttpRequest;if(n.documentMode&&n.documentMode<10)return(new e.XDomainRequest).onload=function(){try{r=JSON.parse(i),o(r)}catch(e){return}},s.open("GET",t),void s.send();s.onreadystatechange=function(){if(s.readyState===a)if(200===s.status){i=s.responseText;try{r=JSON.parse(i),o(r)}catch(e){return}}else o(r)},s.open("GET",t,!0),s.timeout=1e4,s.send()},e.YAHOO||(e.YAHOO={}),e.YAHOO.Util||(e.YAHOO.Util={}),e.YAHOO.Util.VoiceSearch=o}(window,document)}();var Wn={containerClass:Un.tooltip,textClass:Un.tooltip__text,showClass:Un["tooltip--show"]},Jn=["zh-hant-tw","zh-hant-hk"];ye("ybar-mod-searchbox",(function(e){var n={ybar:document.getElementById("ybar"),searchInput:document.getElementById("ybar-sbq"),buttonBar:document.querySelector(".".concat(Un["sa-btn-bar"])),voiceSearchBtn:document.getElementById("ybar-sbq-voice"),searchForm:document.getElementById("ybar-sf"),searchBoxIcon:document.querySelector(".".concat(Un["searchbox-icon-uh3"])),searchBoxPlaceholder:document.getElementById("ybar-smartphone-searchbox-placeholder"),searchBoxBackButton:document.getElementById("ybar-search-back-btn"),shopsButtonsWrap:document.querySelector(".".concat(Un["shops-buttons"])),categorySelect:document.getElementById("shops-category-select"),selectedMerchantInput:document.getElementById("selected-merchant-input"),selectedMerchantClearButton:document.querySelector(".".concat(Un["selected-merchant-clear-button"])),submitSearchBtn:document.getElementById("ybar-search"),clearSearchBtn:document.getElementById("ybar-sbq-x")};!function(e,n){var t,o,i,r=e.getConfig();if(n.ybar&&"desktop"===r.device&&(null===(t=r.bucketConfig)||void 0===t?void 0:t.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){n.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=n.searchForm)||void 0===i||i.classList.add(Un[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Un.overlay,Un[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(n.searchForm,"focusout",(function(e){if(n.searchForm&&n.searchInput){var t=e.relatedTarget;t&&!n.searchForm.contains(t)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,n),Fn(e,n),n.voiceSearchBtn&&function(e,n){var t=e.getConfig(),o=t.locale,i=function(){var e,t;(null===(t=null===(e=window.YAHOO)||void 0===e?void 0:e.Util)||void 0===t?void 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    Here's Why Chipotle Mexican Grill (CMG) is a Strong Growth Stock (2024)

    FAQs

    Here's Why Chipotle Mexican Grill (CMG) is a Strong Growth Stock? ›

    Chipotle Mexican Grill is also cash rich. The company has generated cash flow growth of 28%, and is expected to report cash flow expansion of 29.5% in 2024. With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, CMG should be on investors' short lists.

    Is Chipotle a good growth stock? ›

    A premium valuation well worth the price

    As seen in the trading patterns above, Chipotle is a growth stock and can experience outsize volatility.

    Does Chipotle Mexican Grill CMG has a strong growth style score? ›

    CMG sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of A, and has a VGM Score of B. Earnings and sales are forecasted to increase 23.3% and 15% year-over-year, respectively. 14 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024.

    What is the future growth of CMG? ›

    Chipotle Mexican Grill is forecast to grow earnings and revenue by 16.2% and 12.3% per annum respectively. EPS is expected to grow by 17.3% per annum. Return on equity is forecast to be 43.2% in 3 years.

    Why is Chipotle growing so fast? ›

    That's largely because the brand concept has been a huge success with consumers. The latest sign of that is the company's massive 11.1% same-store sales performance in the second quarter of 2024. That helped to drive overall revenue 18.2% higher.

    Why is Chipotle Mexican Grill stock so high? ›

    Chipotle's stock has been on the rise for months, bolstered by strong same-store sales and continuing expansion efforts. The burrito chain's customer base has a higher average income than its fast-food rivals, and has therefore been less affected by inflation over the past two years.

    Is Chipotle a growing company? ›

    Right now, year-over-year cash flow growth for Chipotle is 29.5%, which is higher than many of its peers. In fact, the rate compares to the industry average of 10.7%.

    What is the growth goal of Chipotle? ›

    Firstly, Chipotle will be focusing on expansion, setting its sights on opening 315 new restaurants within 2024, totaling 7,000 locations across the United States.

    Is CMG a buy now? ›

    CMG Stock Forecast FAQ

    Chipotle has 17.72% upside potential, based on the analysts' average price target. Is CMG a Buy, Sell or Hold? Chipotle has a consensus rating of Moderate Buy which is based on 18 buy ratings, 8 hold ratings and 0 sell ratings.

    What does CMG stand for Chipotle? ›

    Chipotle Mexican Grill, Inc. (CMG) Is a Trending Stock: Facts to Know Before Betting on It.

    What is the 5 year forecast for CMG? ›

    Growth Estimates
    CURRENCY IN USDCMGS&P 500
    Next Qtr.14.30%11.10%
    Current Year21.10%4.10%
    Next Year18.30%13.00%
    Next 5 Years (per annum)21.17%11.95%
    2 more rows

    Who owns the most CMG stock? ›

    What percentage of Chipotle (CMG) stock is held by retail investors? According to the latest TipRanks data, approximately 42.03% of Chipotle (CMG) stock is held by retail investors. Who owns the most shares of Chipotle (CMG)? Vanguard owns the most shares of Chipotle (CMG).

    What is the forecast for CMG? ›

    Stock Price Forecast

    The 30 analysts with 12-month price forecasts for CMG stock have an average target of 61.77, with a low estimate of 41.4 and a high estimate of 77.76. The average target predicts an increase of 14.52% from the current stock price of 53.94.

    What is Chipotle Mexican Grill best known for? ›

    (/tʃɪˈpoʊtleɪ/, chih-POAT-lay), often known simply as Chipotle, is an international chain of fast casual restaurants specializing in bowls, tacos, and Mission burritos made to order in front of the customer. As of June 30, 2024, Chipotle has 3,500 restaurants.

    What is Chipotle's competitive advantage? ›

    Some of the competitive advantages that chipotle has that created this strong brand name are listed below: ✓ Fresh and High-Quality ingredients: Chipotle is very select with its suppliers, and they must meet rigorous standards such as avoiding the use of antibiotics or added hormones when raising the animals.

    What makes Chipotle great? ›

    Chipotle's motto of “food with integrity” was inspired by what founder Steve Ells learned about American food production. Ells became committed to serving food that was ethically and naturally produced, which Chipotle claims results in meat that is tastier than what other restaurants serve.

    Is Chipotle a safe investment? ›

    Chipotle Mexican Grill (CMG 1.23%) has been a fantastic investment for its shareholders. The stock has skyrocketed 331% in the past five years. And during the roughly first six months of 2024, it has jumped 37%. The S&P 500 doesn't hold a candle to this superb performance.

    Is Chipotle doing well financially? ›

    Total revenue increased 18.2% to $3.0 billion. Comparable restaurant sales increased 11.1% Operating margin was 19.7%, an increase from 17.2%

    What is the future outlook for Chipotle? ›

    Chipotle's growth is slowing, but still, its profitability is holding up well — thanks to raising prices. For full-year 2024, Chipotle is forecasting mid-to-high single-digit growth in comparable restaurant sales assuming current sales trends continue.

    Is Chipotle a good stock to buy after the split? ›

    A premium valuation well worth the price

    With a price-to-earnings (P/E) multiple of 48.9, shares of Chipotle are indeed a bit pricey. With that said, the recent sell-off since the split presents an interesting buying opportunity right now.

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