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Chipotle Stock Is a Goldman Sachs' Top Restaurant Pick for a Reason
Investor Place· 2024-06-19 10:35
As I noted in a previous column, many Americans reported in a recent survey that they intend to spend more money on food going forward. That bodes well for Chipotle Mexican Grill (NYSE:CMG), which has become one of America’s most popular restaurant chains. What’s more, in the first quarter of the year, Chipotle’s comparable restaurant sales, profits and profit margins all increased by impressive amounts and the company is continuing to innovate effectively and open significant amounts of new restaurants. In ...
Chipotle (CMG) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2024-06-18 17:45
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...
Marketing Efforts to Aid Chipotle (CMG) Amid Cost Challenges
ZACKS· 2024-06-18 14:45
Chipotle Mexican Grill, Inc. (CMG) will likely benefit from innovative marketing, technological advancement and strategic expansion. Also, the emphasis on throughput improvement bodes well. However, operational challenges and inflationary pressures are a concern.Let’s delve deeper.Key CatalystsChipotle's marketing efforts have been pivotal in driving sales and customer engagement. Campaigns like the ‘Behind the Foil’ series, which highlights the real teams preparing fresh food daily, have reinforced the bra ...
Has Chipotle Mexican Grill (CMG) Outpaced Other Retail-Wholesale Stocks This Year?
ZACKS· 2024-06-18 14:41
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Chipotle Mexican Grill (CMG) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.Chipotle Mexican Grill is one of 213 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zac ...
Wall Street Bulls Look Optimistic About Chipotle (CMG): Should You Buy?
ZACKS· 2024-06-18 14:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Chipotle Mexican Grill (CMG) .Chipotle currently has an average b ...
Chipotle Mexican Grill, Inc. (CMG) Soars to 52-Week High, Time to Cash Out?
ZACKS· 2024-06-18 14:15
Have you been paying attention to shares of Chipotle Mexican Grill (CMG) ? Shares have been on the move with the stock up 6% over the past month. The stock hit a new 52-week high of $3384.04 in the previous session. Chipotle Mexican Grill has gained 47.2% since the start of the year compared to the 12.1% move for the Zacks Retail-Wholesale sector and the -1.4% return for the Zacks Retail - Restaurants industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprise ...
Is Bill Ackman's Chipotle Sale Cause for Concern?
Gurufocus· 2024-06-18 13:01
Pershing Square Capital Management, the investment firm run by investing guru Bill Ackman (Trades, Portfolio), trimmed its stake in Chipotle Mexican Grill Inc. (CMG, Financial) by nearly 10% during the first quarter of 2024. However, the restaurant chain remains the firm's largest holding at just over 20% of its total portfolio.Chipotle has been a longtime favorite of Ackman as the firm made its initial investment in late 2016. Since then, shares have delivered a total return of roughly 620%. Comparably, th ...
3 Consumer Stocks to Buy Now: June 2024
Investor Place· 2024-06-18 10:40
During the current quarter, consumer confidence has dropped to levels not seen since the fourth quarter of 2023. Among the factors making consumers more pessimistic were inflation, their reduced savings and perceived weakness in the labor market. Nonetheless, many Americans plan to spend more money on food going forward. Meanwhile, Gen Z members intend to shell out more for apparel, and beauty products. On the other hand, 27% of high-income members of Gen Z reported that they were looking to buy more expens ...
Where Will Chipotle Stock Be in 5 Years?
The Motley Fool· 2024-06-18 08:40
The upside may be limited here for fundamental reasons.It may sound silly to ask where restaurant company Chipotle Mexican Grill (CMG 2.87%) will be in five years. After all, five years is a long time, and a lot can happen. But making reasonable assumptions about the long term is essential for investors, and five years is a reasonable time frame to consider.According to a 2006 study from Boston Consulting Group, top-line growth, profit-margin improvement, and higher valuations have historically been the thr ...
Chipotle's Stock Split Is Almost Here: Time to Buy Now Before It Happens?
The Motley Fool· 2024-06-16 16:17
The Mexican fast-casual chain is heading toward an unusual 50-to-1 stock split.Chipotle Mexican Grill (CMG 0.20%) is having a moment. The company's stock has been red-hot this year, gaining about 70% since last November. And now, investors are looking forward to its upcoming 50-to-1 stock split. When markets open on June 26, shareholders will own 50 times as many shares as they did at the close of trading on June 25, but the price of each one will be about one-fiftieth of what it was before. The stock split ...