Chipotle Mexican Grill (CMG) Stock Dips While Market Gains: Key Facts

Market Performance - Chipotle Mexican Grill's stock closed at $57.97, marking a -0.7% decline compared to the previous day, underperforming the S&P 500's 0.4% gain, the Dow's 0.62% rise, and the Nasdaq's 0.6% increase [1] - Over the past month, Chipotle's shares gained 4.68%, while the Retail-Wholesale sector rose 5.71% and the S&P 500 increased by 1.71% [1] Earnings and Revenue Projections - Chipotle Mexican Grill is expected to report earnings on October 29, 2024, with a projected EPS of$ 0.24, representing a 4.35% increase year-over-year [1] - Revenue for the upcoming quarter is forecasted at $2.81 billion, indicating a 13.64% growth compared to the same quarter last year [1] - For the full year, consensus estimates predict earnings of$ 1.08 per share and revenue of $11.33 billion, reflecting year-over-year increases of 20% and 14.78%, respectively [2] Analyst Revisions and Valuation - Recent revisions to analyst forecasts for Chipotle Mexican Grill can signal changing business trends, with positive revisions reflecting optimism about the company's profitability [2] - Chipotle currently holds a Zacks Rank of 4 (Sell), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [3] - The company trades at a Forward P/E ratio of 53.88, significantly higher than the industry average of 20.7, indicating a premium valuation [3] - Chipotle's PEG ratio stands at 2.44, slightly above the Retail - Restaurants industry average of 2.22 [3] Industry Context - The Retail - Restaurants industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 178, placing it in the bottom 30% of all industries [4] - Industries in the top 50% of the Zacks Industry Rank tend to outperform the bottom half by a factor of 2 to 1 [4]