Chipotle stock is up 39% this year, with strong financials and growth potential.

From Nasdaq: 2024-05-24 01:40:46

Chipotle Mexican Grill (CMG) stock has surged 39% this year to $3173 per share, outperforming S&P. Strong financials drive growth, but a high P/E ratio signals caution. CMG underperformed in previous years. With uncertain market conditions, will CMG continue to outperform or face a setback?

Revised forecasts predict Chipotle’s revenue at $11.4 billion for 2024, with EPS of $55.65. Valuation stands at $2794 per share. Strong store economics, digital sales, and cost management contribute to Q1 success, with a focus on growth in comparable restaurant sales and the Chipotlane drive-thru service.

Chipotle anticipates shareholder approval for a 50-for-1 stock split on June 6. This move could bring current share prices down to $63, but the company’s value remains unchanged. Comparisons with peers show CMG’s strong growth potential and past performance, positioning it as a favorable investment opportunity.



Read more at Nasdaq: Chipotle Stock Is Up 39% This Year, What’s Happening With The Stock?