Chipotle (CMG, $718.88) gets a downgrade to hold from buy from Jefferies; shares slide -1.2%
Chipotle Mexican Grill shares fell -1.2% Thursday, following a downgrade by Jefferies analysts.
The analysts at Jefferies lowered their rating on Chipotle to hold from buy, as they anticipate that the stock may have reached its full valuation after rallying almost 70% year-to-date.
"Although the company reached an impressive 1 million rewards members in barely 10 days, we think this key driver, along with the company's powerful digital drivers are now being better understood and discounted in the stock," Jefferies analyst Andy Barish said in a note to investors.
Jefferies raised its price target on Chipotle stock to $700 from $600.
CMG's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for CMG turned positive on October 28, 2024. Looking at past instances where CMG's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 10, 2024. You may want to consider a long position or call options on CMG as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CMG advanced for three days, in of 350 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 344 cases where CMG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 68 cases where CMG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
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 of 62 cases within the following month. The odds of a continued downward trend are .
CMG broke above its upper Bollinger Band on October 28, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CMG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 (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: CMG's P/B Ratio (21.277) is slightly higher than the industry average of (5.853). P/E Ratio (56.668) is within average values for comparable stocks, (55.606). Projected Growth (PEG Ratio) (2.391) is also within normal values, averaging (1.769). CMG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.038). P/S Ratio (7.468) is also within normal values, averaging (3.661).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an operator of fast-casual, fresh Mexican food restaurants
Industry Restaurants