Yahoo Finance Here's Why Chipotle Mexican Grill (CMG) is a Strong Growth Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Chipotle Mexican Grill (CMG)
A Delaware corporation, Chipotle Mexican Grill, together with its subsidiaries, operates quick-casual and fresh Mexican food restaurant chains. The company was founded in 1993 by Steve Ells, who started with a single restaurant in Denver, CO. The company offers a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. Chipotle restaurants feature free-range, hormone-free pork, natural chicken and other meat products cooked using traditional methods and served in a unique atmosphere.
CMG boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 22.8% year-over-year for 2024, while Wall Street anticipates its top line to improve by 14.8%.
13 analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $2.01 to $55.08 per share. CMG also boasts an average earnings surprise of 8.3%.
Chipotle Mexican Grill is also cash rich. The company has generated cash flow growth of 28%, and is expected to report cash flow expansion of 29.5% in 2024.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, CMG should be on investors' short lists.
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Chipotle Mexican Grill, Inc. (CMG) : Free Stock Analysis Report
