Is Chipotle Mexican Grill stock down 12% year to date?
Chipotle Mexican Grill (CMG -3.01%) shares are down 12.8% year to date, which is slightly worse than the S&P 500's loss of 10.1% at the time of this writing. That's despite reporting year-over-year sales growth of 16% for the first quarter.
Is Chipotle still a buy in a rising inflation market?
Chipotle is clearly struggling with inflation right now, and the shares are down 27% year to date. So is the stock still a buy for long-term investors? In the first quarter of 2022, Chipotle's revenue grew 16% year over year to $2 billion. This was driven by 9% comparable-store sales growth and new restaurant openings.
Can Chipotle stock hit 7000 locations?
Over the long term, management thinks Chipotle can hit 7,000 locations just in North America alone, or around 2. 3 times the current store count. If comps growth continues while store count grows by that multiple, then Chipotle's trailing 12-month revenue of $7. 8 billion could grow by a multiple of 3 or maybe even higher this decade.
What happened to Chipotle’s other restaurants?
Over the years, Chipotle has experimented with other restaurant concepts, only to abandon the projects. In 2018, the company closed a burger chain called Tasty Made, and shut down some Pizzeria Locale locations.
Is Chipotle stock a good 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 long term investment?
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.
Why did Chipotle stock rise today?
Chipotle Mexican Grill said earnings for the current quarter are likely to be hurt by the Omicron variant of Covid-19. Share of Chipotle jumped nearly 7% in after-hours trading after the fast-food chain reported higher-than-expected earnings for the latest quarter.
Will Chipotle stock go up?
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.
Is Chipotle in financial trouble?
As of December 31, 2021, Chipotle continues to maintain a strong financial position with $1.4 billion in cash, investments and restricted cash, and no debt.
Why is Chipotle stock price 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.
Why should you invest in Chipotle stock?
Improved Ratings. An A SMR Rating (Sales + Profit margins + Return on equity) places Chipotle in the top 20% of all stocks based on those gauges. Sales grew 14% in Q3. Pretax margin in 2019 marked its highest point in four years.
Who is the owner of Chipotle?
Steve EllsSteve Ells , Founder, Chairman and CEO, started Chipotle with the idea that food served fast did not have to be a typical fast food experience.
Does Chick Fil A have stock?
Chick-fil-A is a private, family-owned company and does not offer stock options to the public.
The burrito chain dipped again as investors continued to balk at restaurant stocks
What happened
Fool since 2011. I write about consumer goods, the big picture, and whatever else piques my interest. Follow me on Twitter to see my latest articles, and for commentary on hot topics in retail and the broad market. Follow @tmfbowman
So what
Shares of Chipotle Mexican Grill ( NYSE:CMG) were falling again Tuesday as investors continued to bail from restaurant stocks as the coronavirus outbreak spreads across the country. What was different about today was that Chipotle shares sank even while the broader market rallied on hopes for a stimulus bill.
Now what
Last night, New York, New Jersey, and Connecticut, which have combined population of more than 30 million people, implemented a ban on restaurants (except for takeout and delivery), and a similar law was imposed in the San Francisco Bay Area.
What is Marketbeat tracking?
There's no doubt that Chipotle's financial results are going to take a hit over the coming weeks, or more likely months. But the stock has now fallen more than 41% since the coronavirus-related sell-off began on Feb. 24, compared with a retreat of about 25% in the S&P 500 .
Is chipotle growing?
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chipotle Mexican Grill wasn't on the list.
Is chipotle a publicly traded company?
That’s remarkable growth and not entirely undeserved. Chipotle was one of the few restaurant chains that managed to grow earn ings and revenue during the pandemic. And as the recent results show, it is continuing to move forward even as the economy reopens.
Does chipotle pay dividends?
Chipotle Mexican Grill is a part of the Entrepreneur Index, which tracks some of the largest publicly traded companies founded and run by entrepreneurs.
What is the AUV of chipotle?
However, there’s no question that Chipotle has become an expensive buy-the-dips stock. Particularly since it doesn’t pay a regular dividend. The company did issue a special dividend at the end of 2020.
What percentage of chipotle sales are labor?
This is an important metric in the restaurant industry and a key figure in understanding unit economics. Chipotle's AUV in 2019 grew to $2.2 million, among the very best in the business. Importantly, this is up sharply from $2 million AUV in 2018, thanks to comparable-sales growth of 11.1%.
How many locations does a sandbox have in 2019?
However, in Chipotle's case, its labor as a percentage of sales improved in 2019. Labor was 26% of sales, compared to 27% in 2018.
Does Chipotle have a doordash?
In the fourth quarter of 2019, it opened 80 new locations. It's never opened that many in a single quarter. And for the year it opened 140 new locations, bringing the total to over 2,600. Of course, that's a lot of locations already.
How much did digital orders grow in 2019?
With delivery, Chipotle had already partnered with privately held DoorDash and Postmates. But with the recent coronavirus outbreak, Chipotle additionally partnered with Uber Eats, to help meet delivery demand.
Is chipotle worth buying?
In 2019, digital orders grew 90% from 2018 and, for the year, they comprised 18% of total sales. In the fourth quarter, digital orders were 20% of sales. Digital orders are strongly slanted toward off-premise dining -- delivery and pickup.
Is chipotle still growing?
All told, Chipotle is a restaurant company worth buying for the long haul. It will make it through the current global health pandemic with its financially sound business that's still poised for future growth.
