#1 - Chipotle Mexican Grill (NYSE:CMG)
On June 26, 2026, Chipotle Mexican Grill Inc. (NYSE: CMG) started trading for the first time after announcing its 50-for-1 stock split. This will, perhaps, make the stock more accessible for investors. But the company's valuation won't change. And trading at around 58x forward earnings, it's fair to ask if the stock offers good value for investors.
One reason to believe that it may be a value comes from Chipotle's commitment to opening new stores over the next several years. Based on its current schedule, the company is on track to open approximately 300 new restaurants in 2024.
However, the company's growth prospects aren't entirely due to expansion. CMG stock has been one of the best-performing stocks for many years. Much of that has to do with the company's ability to generate comparable restaurant sales growth. In the last quarter, this came in at 7% year over year.
Chipotle stock trades near the top of its 52-week range. However, the Chipotle Mexican Grill analyst forecasts on MarketBeat give the stock a consensus Moderate Buy rating. Investors can look for any pullbacks as an opportunity to buy or add to a position.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.
Read More - Current Price
- $58.88
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 18 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $65.27 (10.9% Upside)
