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Chipotle Mexican Grill (CMG) Stock Moves -0.08%: What You Should Know
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Chipotle Mexican Grill (CMG - Free Report) closed at $1,747.22 in the latest trading session, marking a -0.08% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.3%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq added 0.2%.
Prior to today's trading, shares of the Mexican food chain had gained 9.15% over the past month. This has outpaced the Retail-Wholesale sector's loss of 2.8% and the S&P 500's gain of 3.11% in that time.
Investors will be hoping for strength from Chipotle Mexican Grill as it approaches its next earnings release, which is expected to be February 8, 2022. The company is expected to report EPS of $5.22, up 50% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.95 billion, up 21.58% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $25.05 per share and revenue of $7.54 billion, which would represent changes of +133.46% and +26%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Chipotle Mexican Grill. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.04% higher. Chipotle Mexican Grill is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Chipotle Mexican Grill is holding a Forward P/E ratio of 69.81. This valuation marks a premium compared to its industry's average Forward P/E of 23.32.
Investors should also note that CMG has a PEG ratio of 3.49 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Restaurants industry currently had an average PEG ratio of 2.09 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 222, putting it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Chipotle Mexican Grill (CMG) Stock Moves -0.08%: What You Should Know
Chipotle Mexican Grill (CMG - Free Report) closed at $1,747.22 in the latest trading session, marking a -0.08% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.3%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq added 0.2%.
Prior to today's trading, shares of the Mexican food chain had gained 9.15% over the past month. This has outpaced the Retail-Wholesale sector's loss of 2.8% and the S&P 500's gain of 3.11% in that time.
Investors will be hoping for strength from Chipotle Mexican Grill as it approaches its next earnings release, which is expected to be February 8, 2022. The company is expected to report EPS of $5.22, up 50% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.95 billion, up 21.58% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $25.05 per share and revenue of $7.54 billion, which would represent changes of +133.46% and +26%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Chipotle Mexican Grill. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.04% higher. Chipotle Mexican Grill is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Chipotle Mexican Grill is holding a Forward P/E ratio of 69.81. This valuation marks a premium compared to its industry's average Forward P/E of 23.32.
Investors should also note that CMG has a PEG ratio of 3.49 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Restaurants industry currently had an average PEG ratio of 2.09 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 222, putting it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.