Is Chipotle a good stock to buy now?
Is Chipotle a good stock to buy now?
Chipotle is performing well despite higher supply-chain costs. The company’s digital business is fueling improvement in its profit margin. Management still sees plenty of opportunity to open more restaurants.
Is Chipotle a good stock to buy 2022?
For the second quarter, CMG has guided for comparable sales to accelerate to 10% to 12%. CMG expects to open up to 235 new stores this year – for reference the company had 2,966 restaurants open at the end of 2021. 2022 is shaping up to be another year of strong growth for the company.
Is Chipotle a buy or sell?
Chipotle Mexican Grill has received a consensus rating of Buy. The company’s average rating score is 2.81, and is based on 23 buy ratings, 7 hold ratings, and no sell ratings.
Is CMG worth buying?
Chipotle Mexican Grill, Inc. may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of CMG, demonstrate its potential to underperform the market. It currently has a Growth Score of A.
Is Chipotle a good long term stock?
According to financial forecasts sourced from S&P Capital IQ, Chipotle’s revenue growth is expected to come down from +26.1% in FY 2021 to +14.9% in FY 2022. The company’s adjusted earnings per share growth is expected to normalize from +136.9% last year to +23.8% this year.
Why Chipotle stock is so high?
Restaurants are among the hardest hit businesses from the 2020 novel coronavirus pandemic, with these businesses being forced to shut down, furlough staff, and drastically pivot their business models adapting to constantly changing local laws regarding food and alcohol delivery.
Is CMG overvalued?
While the company’s P/E ratio or P/S ratio may look high on the current year estimates, if we look at its top and bottom-line growth prospects I don’t think it is overvalued. By FY 2025, the company is expected to reach an EPS of $69.35 and will still have a multi-year runway of high growth ahead.
What is CMG price target?
Stock Price Target CMG
| High | $2,500.00 |
|---|---|
| Median | $1,875.00 |
| Low | $1,530.00 |
| Average | $1,864.65 |
| Current Price | $1,381.01 |
Will Chipotle stock continue to rise?
Why did Chipotle stock go up?
Chipotle has always had a knack for growth, despite operating in a market with heavy competition. While other restaurants large and small struggled to adapt to the coronavirus lockdown, Chipotle was already in the right place at the right time to properly serve a need for sanitary food.
Is Chipotle overvalued?
Is Chipotle Stock Overvalued. If we look at CMG’s P/E ratio, it does look high at 49.68x FY2022 consensus EPS estimates. However, the company is expected to post solid EPS growth over the next few years and its P/E ratio based on FY2025 consensus EPS is ~22.59.
Why is Chipotle a Good stock?
Chipotle stock trades for more than 60 times trailing earnings and 49 times the 2022 analyst EPS consensus of $31.64. That represents a big premium to the broader market. To be fair, Chipotle stock has nearly always traded at a premium valuation, and it has still performed very well for long-term investors.