Chipotle (CMG, $1,364.84) stock gets rating boost from Stephens analyst
Chipotle Mexican Grill got a rating boost from Stephens analyst James Rutherford, to overweight from equal weight.
Rutherford also hiked his share-price target to $1,700 from $1,600. This implies 26% upside from Wednesday's closing price
The analyst cited same-store sales long-term growth prospects, strong presence in the suburbs, and near-term sales drivers including reopening, new long-term opportunities (brisket being tested), digital growth, a return of dine-in sales, a bigger ad budget as some of the factors behind the improved outlook on the shares.
CMG's RSI Indicator ascending out of oversold territory
The RSI Oscillator for CMG moved out of oversold territory on May 13, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 30 similar instances when the indicator left oversold territory. In 25 of the 30 cases the stock moved higher. This puts the odds of a move higher at 83%.
Current price $1289.49 is below $1617.76 the lowest support line found by A.I. Throughout the month of 04/25/22 - 05/25/22, the price experienced a -15% Downtrend, while the week of 05/18/22 - 05/25/22 shows a +3% Uptrend.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 33 of 47 cases where CMG's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 70%.
The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on CMG as a result. In 51 of 70 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 73%.
The Moving Average Convergence Divergence (MACD) for CMG just turned positive on May 25, 2022. Looking at past instances where CMG's MACD turned positive, the stock continued to rise in 39 of 52 cases over the following month. The odds of a continued upward trend are 75%.
Following a +3.29% 3-day Advance, the price is estimated to grow further. Considering data from situations where CMG advanced for three days, in 231 of 340 cases, the price rose further within the following month. The odds of a continued upward trend are 68%.
CMG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
CMG moved below its 50-day Moving Average on April 21, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for CMG crossed bearishly below the 50-day moving average on May 02, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 2 of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 18%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CMG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 63%.
The Aroon Indicator for CMG entered a downward trend on May 25, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 52%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.57.
The Tickeron Profit vs. Risk Rating rating for this company is 20 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 62 (best 1 - 100 worst), indicating fairly steady price growth. CMG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 70 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 71 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 91 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (16.892) is normal, around the industry mean (9.608). P/E Ratio (53.476) is within average values for comparable stocks, (189.286). Projected Growth (PEG Ratio) (1.293) is also within normal values, averaging (2.134). CMG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.029). P/S Ratio (4.684) is also within normal values, averaging (2.999).
The industry includes companies that operate full-service restaurants, fast food restaurants, cafeterias and snack bars. McDonald's Corporation, Starbucks Corporation, YUM! Brands, Inc. and Restaurant Brands International Inc. are some of the largest U.S. restaurant-owning companies in terms of market capitalization. While restaurant spending could be viewed as discretionary for consumers, some companies in the business have been able to weather economic cycles by establishing strong loyalty among customers over the years. Many of them also have a strong global presence as well.
The average market capitalization across the Restaurants Industry is 5.1B. The market cap for tickers in the group ranges from 17.2K to 176B. MCD holds the highest valuation in this group at 176B. The lowest valued company is BBUCQ at 17.2K.
The average weekly price growth across all stocks in the Restaurants Industry was -3.93%. For the same Industry, the average monthly price growth was -12.16%, and the average quarterly price growth was -22.68%. CHIF experienced the highest price growth at 21.17%, while MORRF experienced the biggest fall at -52.17%.
The average weekly volume growth across all stocks in the Restaurants Industry was 1.71%. For the same stocks of the Industry, the average monthly volume growth was 26.47% and the average quarterly volume growth was 41.77%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the MA200MA50 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 33%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.34.
40 stocks in the group of tickers confirmed the positive outlook based on the RSI indicator with average odds of 75%.
The most notable companies in this group are McDonald's Corp (NYSE:MCD), Starbucks Corp (NASDAQ:SBUX), Chipotle Mexican Grill (NYSE:CMG), Yum! Brands (NYSE:YUM), Yum China Holdings (NYSE:YUMC), Darden Restaurants (NYSE:DRI), Domino's Pizza (NYSE:DPZ), Shake Shack (NYSE:SHAK), Noodles & Company (NASDAQ:NDLS).
The average market capitalization across the group is 7.6B. The market cap for tickers in the group ranges from 0 to 180.5B. MCD holds the highest valuation in this group at 180.5B. The lowest valued company is PDIV at 0.
The average weekly price growth across all stocks in the group was -0.55%. For the same group, the average monthly price growth was -14.18%, and the average quarterly price growth was -22.75%. BDVB experienced the highest price growth at 16.36%, while BCCI experienced the biggest fall at -20.86%.
- 5/25/22 7:32 AM: Muscle Maker (GRIL, $0.33) is a top weekly loser for penny stocks, falling -19.88%
- 5/24/22 7:00 AM: FAT Brands (FAT, $5.83) is a top weekly loser for penny stocks, falling -15.38%
- 5/21/22 6:30 AM: Alsea Sa (ALSSF, $2.12) was a top weekly gainer, with a +7.72% jump
The average weekly volume growth across all stocks in the group was 40.61%. For the same stocks of the group, the average monthly volume growth was 406.44% and the average quarterly volume growth was 188.57%
- 5/25/22 7:26 AM: The volume for Luby's stock increased for three consecutive days, resulting in a record-breaking daily growth of 262% of the 65-Day Volume Moving Average
- 5/24/22 6:55 AM: The volume for Nexus Energy Services stock increased for four consecutive days, resulting in a record-breaking daily growth of 254% of the 65-Day Volume Moving Average
- 5/24/22 6:54 AM: The volume for Luby's stock increased for two consecutive days, resulting in a record-breaking daily growth of 307% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows