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Sep 09, 2019

Chipotle (CMG, $853.51) gets ratings boost & price target hike from Wedbush, on strong digital prospects and new menu items

Shares of Chipotle Mexican Grill jumped +1.2% Monday, following a rating upgrade from Wedbush.

Analyst Nick Setyan upgraded his rating of the fast food restaurant chain' shares to outperform from neutral. He also boosted his 12-month stock price target from $780 to $980, the highest target of all the analysts surveyed by FactSet.

Setyan indicated that  Chipotle is in a leading position to “enable a multi-year streak of mid- to high single digit SSS growth”, amidst a growing focus on digital transaction sin the industry.  The analyst also hopes that new menu items like quesadillas, carne asada and white queso would bolster same-store sales growth for Chipotle.

In  July, the chain’s second-quarter  results revealed that its digital sales nearly doubled. Digital sales surged +99.1%, and contributed to 18.2% of total sales for the quarter. This was the program’s first full quarter since it began.

Setyan mentioned that loyalty would be  a strong, key driver of penetration of Chipotle’s own app among consumers.  He said CMG would be “at the top of restaurant apps” in terms of its popularity of usage on handheld devices.

 

Related Ticker: CMG

Aroon Indicator for CMG shows an upward move is likely

CMG's Aroon Indicator triggered a bullish signal on February 16, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 347 similar instances where the Aroon Indicator showed a similar pattern. In of the 347 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 23, 2024. You may want to consider a long position or call options on CMG as a result. In of 69 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 357 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Moving Average Convergence Divergence Histogram (MACD) for CMG turned negative on February 21, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 February 07, 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.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 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 82, 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 (24.331) is slightly higher than the industry average of (7.391). P/E Ratio (61.351) is within average values for comparable stocks, (180.274). Projected Growth (PEG Ratio) (2.373) is also within normal values, averaging (1.957). CMG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.032). CMG's P/S Ratio (7.634) is slightly higher than the industry average of (2.440).

Notable companies

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), Darden Restaurants (NYSE:DRI), Yum China Holdings (NYSE:YUMC), Domino's Pizza (NYSE:DPZ), Shake Shack (NYSE:SHAK), Noodles & Company (NASDAQ:NDLS).

Industry description

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.

Market Cap

The average market capitalization across the Restaurants Industry is 7.45B. The market cap for tickers in the group ranges from 6.73K to 209.92B. MCD holds the highest valuation in this group at 209.92B. The lowest valued company is AMHG at 6.73K.

High and low price notable news

The average weekly price growth across all stocks in the Restaurants Industry was 0%. For the same Industry, the average monthly price growth was 0%, and the average quarterly price growth was 0%. SG experienced the highest price growth at 63%, while RRGB experienced the biggest fall at -17%.

Volume

The average weekly volume growth across all stocks in the Restaurants Industry was 8%. For the same stocks of the Industry, the average monthly volume growth was 17% and the average quarterly volume growth was 31%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 47
P/E Growth Rating: 63
Price Growth Rating: 51
SMR Rating: 67
Profit Risk Rating: 81
Seasonality Score: 2 (-100 ... +100)
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CMGDaily Signal changed days agoGain/Loss if shorted
 
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published General Information

General Information

an operator of fast-casual, fresh Mexican food restaurants

Industry Restaurants

Profile
Fundamentals
Details
Industry
Restaurants
Address
610 Newport Center Drive
Phone
+1 949 524-4000
Employees
116068
Web
https://www.chipotle.com
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CMG and

Correlation & Price change

A.I.dvisor indicates that over the last year, CMG has been loosely correlated with FRSH. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if CMG jumps, then FRSH could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CMG
1D Price
Change %
CMG100%
+1.17%
FRSH - CMG
61%
Loosely correlated
-2.67%
YUM - CMG
34%
Loosely correlated
+0.82%
WING - CMG
34%
Loosely correlated
+0.08%
DAVE - CMG
34%
Loosely correlated
-2.72%
TXRH - CMG
30%
Poorly correlated
+0.01%
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