Short interest for Chipotle Mexican Grill gives investors a sense of the degree to which investors are betting on the decline of Chipotle Mexican Grill's stock. Short interest data is updated every two weeks.

Chipotle Mexican Grill Stock (NYSE:CMG), Short Interest Report

Chipotle Mexican Grill

Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned, although it recently inked a development agreement with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.

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Amid California&#39;s minimum wage hike, restaurants statewide witness a 10% menu price surge, eclipsing other regions. Chipotle Mexican Grill  leads with a 6% to 7% increase in its nearly 500 California locations.

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If You Invested $1000 in Chipotle Mexican Grill a Decade Ago, This is How Much It&#39;d Be Worth Now

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This Analyst With 86% Accuracy Rate Sees Around 13% Upside In Chipotle Mexican Grill - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts

Chipotle Mexican Grill, Inc. Common Stock

Chipotle Mexican Grill Inc

CMGE TECHNOLOGIES GROUP by CMGE TECHNOLOGIES GROUP.

CMGE Technology Group Ltd

COMML INTL BK LTD S/GDR by Commercial International Bank Ltd.

Commercial International Bank - Egypt CIB

CHAODA MODERN AGRCLTRE HL by Chaoda Modern Agriculture Holdings Ltd.

Chaoda Modern Agriculture (Holdings) Ltd

CHAODA MODERN AGRC UN/ADR by Chaoda Modern Agriculture Holdings Ltd.

COMMERCIAL INTL BKGDR144A by Commercial International Bank Ltd.

Chemring Group PLC

CHEMRING GRP PLC UNSP/ADR by Chemring Group Plc.

CMG HOLDINGS GROUP INC by CMG Holdings Group, Inc.

CMG Holdings Group Inc

CLUBHOUSE MEDIA GROUP INC by CLUBHOUSE MEDIA GROUP INC.

Clubhouse Media Group Inc

Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) has outperformed the market over the past 10 years by 9.76% on an annualized basis producing an average annual return of 20.12%. Currently, Chipotle Mexican Grill has a market capitalization of $86.21 billion. 
Buying $100 In CMG: If an investor had bought $100 of CMG stock 10 years ago, it would be worth $612.21 today based on a price of $3138.66 for CMG at the time of writing.
<h3>Chipotle Mexican Grill's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714595419_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Chipotle Mexican Grill Stock In The Last 10 Years

Financial giants have made a conspicuous bullish move on Chipotle Mexican Grill. Our analysis of options history for Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) revealed 17 unusual trades.
Delving into the details, we found 41% of traders were bullish, while 29% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $208,500, and 12 were calls, valued at $528,828.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2570.0 and $3450.0 for Chipotle Mexican Grill, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Chipotle Mexican Grill stands at 106.18, with a total volume reaching 199.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Chipotle Mexican Grill, situated within the strike price corridor from $2570.0 to $3450.0, throughout the last 30 days.
<h3>Chipotle Mexican Grill 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714574746_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$92.0</td>
<td>$86.6</td>
<td>$91.3</td>
<td>$3200.00</td>
<td>$82.1K</td>
<td style="text-align: right;">81</td>
<td style="text-align: right;">15</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$106.7</td>
<td>$100.0</td>
<td>$100.0</td>
<td>$3450.00</td>
<td>$70.0K</td>
<td style="text-align: right;">188</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$680.0</td>
<td>$662.1</td>
<td>$662.1</td>
<td>$3000.00</td>
<td>$66.2K</td>
<td style="text-align: right;">42</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/31/24</td>
<td>$594.0</td>
<td>$584.0</td>
<td>$594.0</td>
<td>$2570.00</td>
<td>$59.4K</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/10/24</td>
<td>$246.0</td>
<td>$228.0</td>
<td>$236.63</td>
<td>$2900.00</td>
<td>$47.3K</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">2</td>
</tr>
</tbody>
</table>

<h3>About Chipotle Mexican Grill</h3>
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned, although it recently inked a development agreement with Alshaya Group in the Middle East. It had a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although it maintains a small presence in Canada, the UK, France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
Having examined the options trading patterns of Chipotle Mexican Grill, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Chipotle Mexican Grill Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 38,336, the CMG's price is down by -0.94%, now at $3130.03. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 84 days.</li>
</ul>
<h3>What Analysts Are Saying About Chipotle Mexican Grill</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $3100.0.
<ul>
<li>An analyst from Raymond James has revised its rating downward to Outperform, adjusting the price target to $3340. </li>
<li>An analyst from Stephens &amp; Co. downgraded its action to Equal-Weight with a price target of $3010. </li>
<li>An analyst from Oppenheimer downgraded its action to Outperform with a price target of $3300. </li>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Chipotle Mexican Grill, targeting a price of $2750. </li>
<li>Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Chipotle Mexican Grill, targeting a price of $3100. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Chipotle Mexican Grill, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Market Whales and Their Recent Bets on CMG Options

On April 29, a recent SEC filing unveiled that Albert Baldocchi, Director at Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) made an insider sell.
What Happened: After conducting a thorough analysis, Baldocchi sold 1,000 shares of Chipotle Mexican Grill. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001058090/000112760224013597//Archives/edgar/data/1058090/000112760224013597/0001127602-24-013597-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total transaction value is $3,166,006.
In the Tuesday's morning session, Chipotle Mexican Grill's shares are currently trading at $3189.83, experiencing a down of 0.61%.
<h3>All You Need to Know About Chipotle Mexican Grill</h3>
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
<h3>Financial Insights: Chipotle Mexican Grill</h3>
Revenue Growth: Over the 3 months period, Chipotle Mexican Grill showcased positive performance, achieving a revenue growth rate of 14.07% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 27.46%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Chipotle Mexican Grill's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 13.09.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.24.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 68.51 is lower than the industry average, implying a discounted valuation for Chipotle Mexican Grill's stock.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 8.7 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Chipotle Mexican Grill's EV/EBITDA ratio, surpassing industry averages at 44.75, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
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<h3>Navigating the Impact of Insider Transactions on Investments</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001058090">Check Out The Full List Of Chipotle Mexican Grill's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Unloading: Albert Baldocchi Sells $3.17M Worth Of Chipotle Mexican Grill Shares

Scott Boatwright, Chief Operating Officer at Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), executed a substantial insider sell on April 29, according to an SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001058090/000112760224013598//Archives/edgar/data/1058090/000112760224013598/0001127602-24-013598-index.htm">U.S. Securities and Exchange Commission</a> on Monday, Boatwright sold 1,100 shares of Chipotle Mexican Grill. The total transaction value is $3,509,179.
Chipotle Mexican Grill's shares are actively trading at $3189.83, experiencing a down of 0.61% during Tuesday's morning session.
<h3>Unveiling the Story Behind Chipotle Mexican Grill</h3>
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
<h3>Chipotle Mexican Grill's Economic Impact: An Analysis</h3>
Revenue Growth: Chipotle Mexican Grill's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 14.07%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 27.46%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): Chipotle Mexican Grill's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 13.09.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 1.24, Chipotle Mexican Grill adopts a prudent financial strategy, indicating a balanced approach to debt management.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 68.51 is lower than the industry average, implying a discounted valuation for Chipotle Mexican Grill's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 8.7, Chipotle Mexican Grill's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 44.75 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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<h3>Why Pay Attention to Insider Transactions</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Exploring Key Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001058090">Check Out The Full List Of Chipotle Mexican Grill's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Chipotle Mexican Grill Chief Operating Officer Trades $3.51M In Company Stock

A substantial insider sell was reported on April 29, by Christopher Brandt, Chief Brand Officer at Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), based on the recent SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001058090/000112760224013599//Archives/edgar/data/1058090/000112760224013599/0001127602-24-013599-index.htm">U.S. Securities and Exchange Commission</a> on Monday outlined that Brandt executed a sale of 1,000 shares of Chipotle Mexican Grill with a total value of $3,156,278.
In the Tuesday's morning session, Chipotle Mexican Grill's shares are currently trading at $3189.83, experiencing a down of 0.61%.
<h3>Unveiling the Story Behind Chipotle Mexican Grill</h3>
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
<h3>Financial Insights: Chipotle Mexican Grill</h3>
Revenue Growth: Chipotle Mexican Grill's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 14.07%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 27.46%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Chipotle Mexican Grill's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 13.09.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.24.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Chipotle Mexican Grill's P/E ratio of 68.51 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 8.7 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Chipotle Mexican Grill's EV/EBITDA ratio stands at 44.75, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
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<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Deciphering Transaction Codes in Insider Filings</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001058090">Check Out The Full List Of Chipotle Mexican Grill's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Chipotle Mexican Grill Chief Brand Officer Sold $3.16M In Company Stock

Disclosed on April 29, Brian Niccol, Chairman at Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: Niccol's decision to sell 6,406 shares of Chipotle Mexican Grill was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001058090/000112760224013600//Archives/edgar/data/1058090/000112760224013600/0001127602-24-013600-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value of the sale is $20,408,980.
Chipotle Mexican Grill shares are trading down 0.61% at $3189.83 at the time of this writing on Tuesday morning.
<h3>Get to Know Chipotle Mexican Grill Better</h3>
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
<h3>Chipotle Mexican Grill's Economic Impact: An Analysis</h3>
Revenue Growth: Chipotle Mexican Grill's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 14.07%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Profitability Metrics:
<ul>
<li>
Gross Margin: With a high gross margin of 27.46%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Chipotle Mexican Grill's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 13.09.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 1.24, Chipotle Mexican Grill adopts a prudent financial strategy, indicating a balanced approach to debt management.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 68.51 is lower than the industry average, implying a discounted valuation for Chipotle Mexican Grill's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 8.7 is above industry norms, reflecting an elevated valuation for Chipotle Mexican Grill's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio of 44.75, the company's market valuation exceeds industry averages.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
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<h3>Why Insider Transactions Are Important</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001058090">Check Out The Full List Of Chipotle Mexican Grill's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Chipotle Mexican Grill Chairman Trades Company's Stock

Making a noteworthy insider sell on April 29, Roger Theodoredis, Chief Legal Officer &amp; GC at Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), is reported in the latest SEC filing.
What Happened: Theodoredis's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001058090/000112760224013601//Archives/edgar/data/1058090/000112760224013601/0001127602-24-013601-index.htm">U.S. Securities and Exchange Commission</a> on Monday unveiled the sale of 2,509 shares of Chipotle Mexican Grill. The total transaction value is $7,939,568.
The latest market snapshot at Tuesday morning reveals Chipotle Mexican Grill shares down by 0.61%, trading at $3189.83.
<h3>About Chipotle Mexican Grill</h3>
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
<h3>Key Indicators: Chipotle Mexican Grill's Financial Health</h3>
Positive Revenue Trend: Examining Chipotle Mexican Grill's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 14.07% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 27.46%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Chipotle Mexican Grill's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 13.09.
</li>
</ul>
Debt Management: Chipotle Mexican Grill's debt-to-equity ratio is below the industry average. With a ratio of 1.24, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Chipotle Mexican Grill's P/E ratio of 68.51 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 8.7 is above industry norms, reflecting an elevated valuation for Chipotle Mexican Grill's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 44.75 reflects market recognition of Chipotle Mexican Grill's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
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<h3>Uncovering the Importance of Insider Activity</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001058090">Check Out The Full List Of Chipotle Mexican Grill's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Chipotle Mexican Grill Chief Legal Officer & GC Sold $7.94M In Company Stock

Restaurants across California are reportedly implementing menu price hikes following the state&#8217;s increase in minimum wage for fast-food workers.
This&nbsp;surge in prices&nbsp;has been observed at various fast-food and fast-casual chains throughout the Golden State, outpacing other regions, according to a&nbsp;<a target="_blank" href="https://www.wsj.com/business/hospitality/california-fast-food-chains-are-now-serving-sticker-shock-64009282?mod=hp_trending_now_article_pos2" rel="noreferrer noopener">report&nbsp;</a>from the WSJ, which cited market research firm Datassential.
Since September, when California mandated large fast-food chains to elevate their minimum hourly pay to $20 by April, restaurants statewide have collectively increased prices by 10%.
Notably, this increment surpassed the price adjustments seen in other states, according to Datassential&#8217;s analysis of over 70 major chains, the report noted.
Chipotle Mexican Grill Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), for instance,&nbsp;disclosed a 6% to 7% price surge at its nearly 500 California locations during the first week of April compared to the previous year.
Chipotle&#8217;s Chief Executive Brian Niccol highlighted the challenges imposed by the state&#8217;s regulations.
In response to the wage law, major fast-food chains like McDonald&#8217;s Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), Jack in the Box Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), and Shake Shack Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) have planned to raise prices, estimating significant additional labor costs per restaurant, as per the report.
Despite opposition from some quarters, the wage law remains supported by advocates like California Governor Gavin Newsom. They argue that increased wages will benefit workers and stimulate local economies.
As consumers reassess their spending in light of escalating prices, independent eateries emerge as viable alternatives. The California wage law doesn&#8217;t apply to restaurants with less than 60 national locations.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

How much a stock&#39;s price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you&#39;d invested in Chipotle Mexican Grill (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmg#NYSE">CMG</a>) ten years ago? It may not have been easy to hold on to CMG for all that time, but if you did, how much would your investment be worth today?
Chipotle Mexican Grill&#39;s Business In-Depth
With that in mind, let&#39;s take a look at Chipotle Mexican Grill&#39;s main business drivers.
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. 
The company is committed to using high-quality real ingredients, classic cooking techniques and distinctive interior design to serve customers. As of Dec 31, 2023, the company owned and operated more than 3,400 restaurants across the United States, Canada, the U.K., France and Germany.
The company&#39;s growth is significantly driven by its digital platform. It has enhanced its capabilities by digitizing restaurant kitchens, expanding partnerships with third-party delivery services, and increasing the number of Chipotlanes (drive-through format for customer pick-up of digital orders). Digital sales, encompassing revenue generated through the Chipotle website, Chipotle app, or third-party delivery aggregators, which also includes revenue deferrals linked to Chipotle Rewards, constituted 37.4% of food and beverage revenue in 2023, compared to 39.4% in 2022 and 45.0% in 2021. The company has facilitated convenient digital ordering through enhancements to the Chipotle app and website, including unlimited customization, contactless delivery, and group ordering. 
The company utilizes multiple marketing channels, including national television, digital marketing, social media, fundraising, events and sponsorships to reach consumers. Third-party service providers mostly provide delivery services. 
In 2018, Chipotle launched a loyalty program called Chipotle Rewards, which provides customers with the opportunity to earn bonus points or free food. Earned rewards generally expire one to six months after they are issued and points typically expire if an account is inactive for six months.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Chipotle Mexican Grill, if you bought shares a decade ago, you&#39;re likely feeling really good about your investment today.
According to our calculations, a $1000 investment made in April 2014 would be worth $6,344.63, or a gain of 534.46%, as of April 29, 2024, and this return excludes dividends but includes price increases.
In comparison, the S&amp;P 500 gained 173.69% and the price of gold went up 73.49% over the same time frame.
Going forward, analysts are expecting more upside for CMG.
Shares of Chipotle have outperformed the industry in the past year. The company reported first-quarter 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. During the quarter, the company reported benefits stemming from enhanced throughput and effective marketing initiatives like Braised Beef Barbacoa and Chicken Al Pastor, leading to strong sales and transaction growth. Also, consistent strength in digital sales, rise in menu prices and new restaurant openings bode well. Going forward, it continues to focus on the stage gate process and leveraging digital programs to expand access and convenience. However, elevated wage and commodity inflation pose concerns. For 2024, the company expects the cost of sales to be in the low to mid-single-digit range.
The stock is up 9.64% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 13 higher, for fiscal 2024. The consensus estimate has moved up as well.
<a href="https://www.zacks.com/stock/news/2263824/if-you-invested-1000-in-chipotle-mexican-grill-a-decade-ago-this-is-how-much-it-d-be-worth-now?cid=CS-BENZ-FT-tale_of_the_tape|investing_$1000-2263824">To read this article on Zacks.com click here.</a>

If You Invested $1000 in Chipotle Mexican Grill a Decade Ago, This is How Much It'd Be Worth Now

U.S. stocks settled higher on Friday, with the S&amp;P 500 recording its best week since Nov, 2023. The index surged 2.7%, snapping a three-week losing streak, while the Dow added 0.7% last week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Jay McCanless
<ul>
<li>Analyst Firm: Wedbush</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained an Outperform rating on  &lt;b> Mr. Cooper Group Inc.&lt;/b> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NASDAQ">COOP</a>) and increased the price target from $85 to $100 on April 25. This analyst sees around 27% upside in the stock.</li>
<li>Recent News: On April 24, Mr. Cooper reported better-than-expected first-quarter financial results.</li>
</ul>
Analyst: Mark Kelley
<ul>
<li>Analyst Firm: Stifel</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained a Hold rating on Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a Buy rating and increased the price target from $12 to $13 on April 26. This analyst sees around 10% downside in the stock.</li>
<li>Recent News: On April 25, Snap reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates.</li>
</ul>
Analyst: William Stein
<ul>
<li>Analyst Firm: Truist Securities</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Hold rating on Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and cut the price target from $45 to $33 on April 26. This analyst sees over 4% upside in the stock.</li>
<li>Recent News: On April 25, Intel reported worse-than-expected first-quarter sales results and issued EPS guidance below estimates.</li>
</ul>
Analyst: Zachary Fadem
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained an Overweight rating on O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) and cut the price target from $1,300 to $1,200 on April 25. This analyst sees about 15% gain in the stock.</li>
<li>Recent News: On April 24, O&#8217;Reilly Automotive posted upbeat quarterly earnings.</li>
</ul>
Analyst: Lauren Silberman
<ul>
<li>Analyst Firm: Deutsche Bank</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Buy rating on Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) and increased the price target from $3,400 to $3,600 on April 25. This analyst sees around 13% upside in the stock.</li>
<li>Recent News: On April 24, Chipotle Mexican Grill reported better-than-expected first-quarter financial results.</li>
</ul>
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38458706/top-4-materials-stocks-that-may-explode-in-q2">Top 4 Materials Stocks That May Explode In Q2</a>

This Analyst With 86% Accuracy Rate Sees Around 13% Upside In Chipotle Mexican Grill - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Corporate <a href="https://www.benzinga.com/markets/equities/24/04/38471231/strong-quarterly-earnings-fuel-market-optimism-despite-inflation-concerns-slowing-economic-growt">earnings came to the market&#8217;s rescue in the past week,</a> helping to overcome rate fears. As we look ahead to the unfolding week, it remains to be seen whether the tech earnings deluge can keep the rally&#8217;s momentum going. 
The Week That Was: High-profile Magnificent Seven earnings panned out mostly positively for the market, with Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) the outlier. The social media giant&#8217;s stock fell sharply as traders fretted over the soft second-quarter revenue guidance and the company&#8217;s massive AI investment plans. 
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) managed to appease the Street despite the double miss as it held out the promise of an expeditious launch of a more affordable EV. 
With the earnings season now halfway through, the percentage of S&amp;P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages, <a href="https://insight.factset.com/sp-500-earnings-season-update-april-26-2024?utm_source=Direct&amp;utm_medium=Email&amp;utm_campaign=FO-04-26-2024&amp;utm_content=httpsinsightfactsetcomsp500earningsseasonupdateapril262024">said </a>FactSet in a report.
The blended first-quarter earnings growth of S&amp;P 500 companies is estimated at 3.5%, up from the 0.6% growth estimated in the week ended April 19, the financial data analytics firm said. If the trend holds, the S&amp;P 500 companies are on track to report earnings growth for the third straight quarter.
Of the 11 S&amp;P sector classes, eight sectors reported year-over-year earnings growth, led by communication services, utilities, IT, and consumer discretionary sectors. On the other hand, healthcare, energy, and materials have reported year-over-year earnings declines.
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks Right Now</a>
Look Ahead: The unfolding week will see 175 S&amp;P 500 companies and 6 Dow 30 components releasing their quarterly scorecards. The earnings roster includes two Magnificent Seven companies, namely Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Amazon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), e-commerce retailers, payment processors, restaurants, and energy and REIT companies.
Earnings from Apple and Amazon could be market-moving, given the weighting of these stocks in the S&amp;P 500 Index. Also, Apple is considered a bellwether, given its exposure to consumers. Morgan Stanley&#8217;s Erik Woodring expects Apple to report a slightly beat but guide June quarter revenue down. 
Investors are likely to keep a close eye on performance in China, Apple&#8217;s updated capital return framework, and capital expenditures, the analyst said.
That said, the analyst is positive on the stock ahead of its annual Worldwide Developers&#8217; Conference due on June 10th. &#8220;With Apple&#8217;s biggest WWDC event on June 10th, we&#8217;d buy post-earnings weakness,&#8221; he said.
Amazon will likely continue to report double-digit sales and profit growth in the first quarter, according to Telsey Advisory Group analyst Joseph Feldman. The analyst premised his optimism on the strength of online spending, gains from expanded merchandise and faster fulfillment, and stabilization (and growth) of AWS. 
&#8220;Importantly, we expect [a] greater focus on profits supported by the growth of higher margin categories and services, such as advertising, media, and AWS (partly helped by AI-related upgrades), the redesigned distribution network&#8230;.. and cost savings,&#8221; he said.
Notable among the <a href="https://www.benzinga.com/calendars/earnings">companies reporting earnings this week</a> are:
Monday 
<ul>
<li>Before the bell: JinkoSolar Holding Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>), ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), Koninklijke Philips N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>), SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>)</li>
<li>After the close: F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>), Everest Group, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>), NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), Lattice Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>), MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), Qiagen N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QGEN#NYSE">QGEN</a>), Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>), Sanmina Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANM#NASDAQ">SANM</a>), Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>)</li>
</ul>
Tuesday 
<ul>
<li>Before the bell: 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>), The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), GE HealthCare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>), McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), Tenet Healthcare Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THC#NYSE">THC</a>)</li>
<li>After the close: Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), ONEOK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>), Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>), Unum Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNM#NYSE">UNM</a>). Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>), RenaissanceRe Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>), Prudential Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>), Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), The Clorox Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>), Chesapeake Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHK#NASDAQ">CHK</a>)</li>
</ul>

Wednesday 
<ul>
<li>Before the bell: Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>), CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), DuPont de Nemours, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>), The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>), Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>), GSK plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>), The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>), KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), Logitech International S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>), Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), Pfizer, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>), Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>)</li>
<li>After the close: Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), The Allstate Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), Beazer Homes USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>), C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>), Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), Etsy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), Freshworks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>), Kulicke and Soffa Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLIC#NASDAQ">KLIC</a>), Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>), MetLife, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>), MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), NETGEAR, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTGR#NASDAQ">NTGR</a>), Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>), Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>), Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>), Wolfspeed, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>)</li>
</ul>
Thursday 
<ul>
<li>Before the bell: ArcelorMittal S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MT#NYSE">MT</a>), ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>), Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>), Intercontinental Exchange, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), Kimco Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>), Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>), PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>), Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>)</li>
<li>After the close: Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>), BJ&#8217;s Restaurants, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJRI#NASDAQ">BJRI</a>), Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Consolidated Edison, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>), DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>), Regency Centers Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REG#NASDAQ">REG</a>), Reinsurance Group of America, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGA#NYSE">RGA</a>), Pioneer Natural Resources Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXD#NYSE">PXD</a>), Opendoor Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NASDAQ">OPEN</a>), Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>)</li>
</ul>
Friday 
<ul>
<li>Before the bell: American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>), Cboe Global Markets, Inc. (CBOE: CBOE), Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>), The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>), Owens &amp; Minor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>), XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>)</li>
</ul>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the performance of the broader S&amp;P 500 Index, ended Friday&#8217;s session up 0.95% at $508.26, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data. </a>The ETF has pulled back from its all-time high (intraday) of $524.61 hit on March 28. The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), an ETF levered more to high-profile, non-financial tech stocks, rose 1.54% to $431.
Read Next: <a href="https://www.benzinga.com/news/earnings/earnings-misses/24/04/38464570/us-energy-stocks-fall-following-oil-giants-subdued-earnings-reports">US Energy Stocks Fall Following Oil Giants&#8217; Subdued Earnings Reports</a>

Earnings

Previews

AAPL

ABBV

AMGN

AMZN

BBAI

BIIB

BJRI

BKNG

BLCO

CBOE

CHRW

CHTR

CMCSA

COIN

CYBR

DKNG

EBAY

ETSY

EXPE

FANG

FFIV

FIVN

FRSH

FSLR

GEHC

GILD

GRMN

ILMN

JBLU

JNPR

KLAC

KLIC

LOGI

LRCX

LSCC

Will Earnings Cheer Continue To Buoy Markets? Apple, Amazon, Pfizer, Coinbase Lead Flurry Of Q1 Reports This Week

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has seen its stock soar as exposure to the thriving artificial intelligence technology sector <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38346847/nvidia-in-correction-territory-did-ai-led-tech-stock-bubble-just-burst-this-data-po">has bolstered its fundamentals, drawing investor enthusiasm</a>. But another stock belonging to the consumer discretionary sector could beat Nvidia in terms of its expensiveness, an investment advisor said on Friday.
What Happened: Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), a chain of fast casual restaurants, commands a higher forward price-earnings multiple than Nvidia, said Ram Ahluwalia, founder of Lumida Wealth, an investment advisor focusing on alternative investments and digital assets, on X, formerly Twitter. According to data provided by Yahoo Finance, Chipotle&#8217;s forward P/E is 59.52 compared to Nvidia&#8217;s 36.36.
The P/E ratio is a measure of the value of the stock vis-a-vis the company&#8217;s earnings and forward P/E ratio takes into account future earnings potential. A higher P/E ratio suggests either the stock is very expensive or investors expect higher growth rates from the company. 
Ahluwalia said Chipotle stock could be &#8220;riding on the momentum that may be at exhaustion.&#8221; &#8220;Good time to take profits,&#8221; he added while stating that he doesn&#8217;t hold any Chipotle stock.
&#8220;If you know what to buy, when to buy, when to sell, and how much to buy (position size) you've got it all figured out. Easier said than done. People don't talk enough about &#8216;when to sell.&#8217; This is one of those moments,&#8221; Ahluwalia said.
He clarified that the Chipotle business was thriving and not in decline. 
&#8220;It is time to sell though,&#8221; he said.
See Also: <a href="https://www.benzinga.com/money/best-consumer-discretionary-stocks">Best Consumer Discretionary Stocks</a>
Why It&#8217;s Important: Chipotle reported last week <a href="https://www.benzinga.com/news/earnings/24/04/38417218/chipotle-mexican-grill-q1-earnings-revenue-beat-eps-beat-comparable-sales-up-7-and-more">first-quarter results that came in ahead of expectations </a>as the burrito chain defied inflationary pressure and managed to see an increase in foot traffic. Despite rising menu prices, the company reported an increase in transactions.
The company also raised its sales guidance for the year.
Chipotle&#8217;s board approved a 50-for-1 stock split in March. If shareholders approve the split at the annual shareholders meeting scheduled for June 6, the stock will begin trading on a split-adjusted basis on June 26.
The average analysts&#8217; price target for Chipotle, according to TipRanks, is $3,206.07, suggesting merely 0.60% upside from current levels. 
Chipotle ended Friday&#8217;s session up 2.41% at $3,186.97, according to<a href="https://benzinga.grsm.io/lxquj26b2sag"> Benzinga Pro data.</a>
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38437634/chipotle-mexican-grill-is-in-a-league-of-their-own-7-analysts-revise-forecasts-afte">Chipotle Mexican Grill Is In A &#8216;League Of Their Own&#8217;: 7 Analysts Revise Forecasts After Q1 Results</a>
Photo: Shutterstock

Analyst Color

NVDA

Nvidia Still Pricey, But Investor Warns About Another More Expensive Stock: 'Good Time To Take Profits'

Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) stock just recorded a new all-time high of $3,199.99 during trading <a href="https://www.benzinga.com/quote/CMG/news">on April 26</a>.
<h1 class="wp-block-heading">Stellar Q1 Earnings Wins Praise From Jim Cramer</h1>
The stock has positive momentum since the end of October 2023. Over the past six months, Chipotle stock was up over 75%. It kept momentum into 2024 with the stock up over 39% YTD.
The company reported first-quarter earnings on <a href="https://www.benzinga.com/news/earnings/24/04/38417218/chipotle-mexican-grill-q1-earnings-revenue-beat-eps-beat-comparable-sales-up-7-and-more">Wednesday, after market hours.</a> The surprise of 14.47% on EPS and 1.20% on revenue estimates sent the stock soaring. Chipotle&#8217;s earnings report added fuel to send the stock up over 8% since Wednesday.
<a href="https://www.benzinga.com/markets/equities/24/04/38453038/jim-cramer-praises-chipotles-self-help-strategy-amid-economic-slowdown-inflation-just-wont-quit">Jim Cramer praised Chipotle</a> recently on CNBC&#8217;s &#8220;Mad Money,&#8221; highlighting its successful &#8220;self-help&#8221; strategy amid economic challenges. He emphasized Chipotle&#8217;s focus on improving throughput, which has nothing to do with broader economic conditions. 
<h1 class="wp-block-heading">Several Analysts Raise Their Price Targets On Chipotle Stock</h1>
Post first-quarter earnings, Chipotle stock was also boosted by several analysts raising their price targets on the stock.
Related: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38437634/chipotle-mexican-grill-is-in-a-league-of-their-own-7-analysts-revise-forecasts-afte">Chipotle Mexican Grill Is In A &#8216;League Of Their Own&#8217;: 7 Analysts Revise Forecasts After Q1 Results</a>
The <a href="https://www.benzinga.com/quote/CMG/analyst-ratings">consensus analyst rating</a> stands at a Buy with a price target of $3,037.03.
<h1 class="wp-block-heading">Charts Indicate Further Bullish Momentum</h1>
Let&#8217;s look at what the charts hint at and what could lie ahead for the stock.
Driven by business strength and a positive earnings report, Chipotle&#8217;s stock is making new all-time highs.
With a great run-up so far and over the past six months, the stock continues to exhibit a strong bullish trend. Charts indicate the future trajectory for Chipotle&#8217;s stock is supported by its share price trading above its 5-, 20-, and 50-day exponential moving averages. 
This indicates buying pressure and suggests potential for further bullish movement.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="625" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26145338/Screenshot-2024-04-27-at-12.23.22-AM.png" alt="" class="wp-image-311457" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26145338/Screenshot-2024-04-27-at-12.23.22-AM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26145338/Screenshot-2024-04-27-at-12.23.22-AM-300x218.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></figure>
<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Chart: Benzinga Pro</a>
Additionally, the stock&#8217;s 8-day simple moving average is at $2,962.97, signaling bullish momentum. The 20-day SMA of $2,939.56 and the 50-day SMA of 2,816.74 also support a bullish stance. Furthermore, Chipotle&#8217;s stock price of $3,185.76 is above its 200-day simple moving average of $2,264.48, reinforcing the Buy stance.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="625" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26145547/Screenshot-2024-04-27-at-12.25.31-AM.png" alt="" class="wp-image-311461" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26145547/Screenshot-2024-04-27-at-12.25.31-AM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/26145547/Screenshot-2024-04-27-at-12.25.31-AM-300x218.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></figure>
<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Chart: Benzinga Pro</a>
The Moving Average Convergence Divergence (MACD) indicator is at 61.84, recently crossed over the signal line (currently at 49.26) — reinforcing the bullish stance set up by moving averages. However, the Relative Strength Index (RSI) of 76.93 suggests the stock is overbought, and spells caution. 
The stock price has been trading in (and has just broken above) the upper of the Bollinger Bands and supports a bullish stance.
The company&#8217;s strong business performance and positive first-quarter earnings report have fueled this upward trajectory. Analysts and market experts are bullish on the stock, with several raising their price targets. 
From a technical standpoint, the charts indicate a continuation of this bullish trend, with the stock trading above key moving averages and showing strong buying pressure. While the RSI suggests the stock is overbought, indicating a potential need for caution, the overall outlook for Chipotle remains optimistic.
Investors looking for a growth opportunity in the restaurant sector may find Chipotle a compelling choice, given its recent performance and future potential.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38456247/chipotle-requests-employees-to-not-eat-chicken-so-they-can-sell-more-rescinds-soon">Chipotle Requests Employees To Not Eat Chicken So They Can Sell More, Rescinds Soon</a>
Photo: Shutterstock

Earnings Beats

Technicals

Restaurants

Movers

Chipotle's Stock Sizzles: Hits Record High After Stellar Q1 Earnings, Charts Indicate Further Bullish Momentum

TD Cowen analyst Andrew Charles reiterates Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and maintains $3500 price target.

Reiteration

Analyst Ratings

TD Cowen Reiterates Buy on Chipotle Mexican Grill, Maintains $3500 Price Target

Financial giants have made a conspicuous bearish move on Chipotle Mexican Grill. Our analysis of options history for Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) revealed 61 unusual trades.
Delving into the details, we found 34% of traders were bullish, while 39% showed bearish tendencies. Out of all the trades we spotted, 19 were puts, with a value of $778,701, and 42 were calls, valued at $4,170,820.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1690.0 to $4400.0 for Chipotle Mexican Grill over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Chipotle Mexican Grill's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Chipotle Mexican Grill's whale activity within a strike price range from $1690.0 to $4400.0 in the last 30 days. 
<h3>Chipotle Mexican Grill Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714149087_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$277.1</td>
<td>$272.0</td>
<td>$272.0</td>
<td>$2950.00</td>
<td>$1.0M</td>
<td style="text-align: right;">147</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$128.3</td>
<td>$126.2</td>
<td>$126.2</td>
<td>$3700.00</td>
<td>$189.3K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">15</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$427.9</td>
<td>$424.0</td>
<td>$424.0</td>
<td>$2765.00</td>
<td>$169.6K</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$159.9</td>
<td>$151.9</td>
<td>$156.74</td>
<td>$3175.00</td>
<td>$159.6K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>CMG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$310.7</td>
<td>$299.7</td>
<td>$304.0</td>
<td>$3050.00</td>
<td>$152.0K</td>
<td style="text-align: right;">16</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>

<h3>About Chipotle Mexican Grill</h3>
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $9.9 billion in 2023. The Mexican concept is predominately company-owned (it recently inked a development agreement with Alshaya Group in the Middle East), with a footprint of nearly 3,440 stores at the end of 2023, heavily indexed to the United States, although the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
Following our analysis of the options activities associated with Chipotle Mexican Grill, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Chipotle Mexican Grill</h3>
<ul>
<li>Trading volume stands at 134,005, with CMG's price up by 1.99%, positioned at $3173.83.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 89 days.</li>
</ul>
<h3>What Analysts Are Saying About Chipotle Mexican Grill</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $3049.2.
<ul>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Chipotle Mexican Grill, targeting a price of $2750. </li>
<li>An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Chipotle Mexican Grill, which currently sits at a price target of $2986. </li>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Chipotle Mexican Grill, targeting a price of $3600. </li>
<li>An analyst from TD Cowen has revised its rating downward to Buy, adjusting the price target to $2900. </li>
<li>Reflecting concerns, an analyst from Stephens &amp; Co. lowers its rating to Equal-Weight with a new price target of $3010.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Chipotle Mexican Grill options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Chipotle Mexican Grill Options Trading: A Deep Dive into Market Sentiment

Chipotle Mexican Grill Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) reportedly instructed its employees recently not to opt for chicken in their meals due to high demand but has now lifted the restriction.
Chipotle&nbsp;informed its U.S. employees through email&nbsp;about the reintroduction of chicken al pastor, citing challenges arising from its success,&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-25/chipotle-tells-workers-to-skip-chicken-as-customer-demand-surges?srnd=industries-v2&amp;sref=TBDibEcD" rel="noreferrer noopener">reported&nbsp;</a>Bloomberg.
The message from Chief Restaurant Officer Scott Boatwright requested employees to abstain from ordering chicken, stating it was to preserve&nbsp;supply for customers, as per the report.
Chipotle clarified that the directive was a request, not a mandate, and announced employees could resume ordering chicken as usual within a week.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38437634/chipotle-mexican-grill-is-in-a-league-of-their-own-7-analysts-revise-forecasts-afte" rel="noreferrer noopener">Chipotle Mexican Grill Is In A &#8216;League Of Their Own&#8217;: 7 Analysts Revise Forecasts After Q1 Results</a>
CEO Brian Niccol confirmed to Bloomberg that it was a temporary supply crunch but assured that the issue had been resolved with no ongoing challenges.
Employees at&nbsp;Chipotle&#8217;s only unionized U.S. store in Michigan voiced concerns over the company&#8217;s policy enforcement and the need for a secure union contract.
Chicken al pastor&nbsp;was highlighted&nbsp;as a successful marketing initiative&nbsp;contributing&nbsp;to increased sales in the first quarter.
Earlier this week, Chipotle said first-quarter revenue increased 14.1% year-over-year to $2.702 billion, which beat the analyst&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38417218/chipotle-mexican-grill-q1-earnings-revenue-beat-eps-beat-comparable-sales-up-7-and-more" rel="noreferrer noopener">consensus estimate of $2.675 billion</a>.
The fast-casual restaurant chain company reported adjusted earnings of $13.37 per share, which beat analyst estimates of $11.68&nbsp;per share.&nbsp;
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38360106/chipotle-to-spice-up-kuwait-city-new-location-marks-decade-long-international-expansion" rel="noreferrer noopener">Chipotle To Spice Up Kuwait City: New Location Marks Decade-Long International Expansion</a>
Chipotle Mexican Grill stock gained over 54% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Vanguard Total Stock Market ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>) and&nbsp;Invesco Food &amp; Beverage ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBJ#NYSE">PBJ</a>).
Price Action: CMG shares closed higher by 6.33% at $3,111.97 on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Chipotle Requests Employees To Not Eat Chicken So They Can Sell More, Rescinds Soon

In a recent episode of CNBC&#8217;s &#8220;Mad Money,&#8221; host Jim Cramer lauded Chipotle Mexican Grill Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) for its ability to thrive despite a sluggish economy, attributing its success to its &#8220;self-help&#8221; strategy.
What Happened: Cramer, on Thursday, highlighted the performance of companies that can sustain growth despite economic challenges. He specifically pointed to Chipotle, commending its ability to improve and expand its operations, <a href="https://www.cnbc.com/2024/04/25/cramer-praises-chipotle-for-growing-despite-a-slowing-economy.html">reported</a> CNBC.
"When we're looking for reasons to buy a stock in this environment, we want companies that generate constant self-help. Chipotle does it by improving throughput — how many people that they can serve, say, every 15 minutes," he said. "It just keeps getting better and better and that's got nothing to do with GDP or inflation woes."
The fast-casual chain recently released its quarterly earnings, surpassing Wall Street&#8217;s expectations. Despite raising prices, Chipotle experienced a surge in both sales and foot traffic, leading to a more than 6% increase in its share price by Thursday&#8217;s close.
Cramer suggested that Chipotle&#8217;s success could be attributed to its ability to meet consumer demand by enhancing its service speed, a strategy that is independent of broader economic factors like inflation and GDP.
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38374423/elon-musk-reacts-as-ark-invest-analyst-says-its-going-to-be-very-hard-for-tesla-rivals-to-catch-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts As ARK Invest Analyst Says &#8216;It&#8217;s Going To Be Very Hard&#8217; For Tesla Rivals &#8216;To Catch Up To</a>
He also noted that this kind of &#8220;self-help&#8221; approach could counteract the market&#8217;s current concerns, particularly in light of the ongoing challenges such as increased interest in the bond market.
"It takes a special kind of stock to do well when the economy's slowing while inflation just won't quit," he said.
Why It Matters: Chipotle&#8217;s recent financial performance has been impressive. The company&#8217;s first-quarter revenue increased by 14.1% year-over-year to $2.702 billion, <a href="https://www.benzinga.com/news/earnings/24/04/38417218/chipotle-mexican-grill-q1-earnings-revenue-beat-eps-beat-comparable-sales-up-7-and-more">beating the consensus estimate</a>. The company&#8217;s comparable restaurant sales also saw a 7% year-over-year increase, driven by higher transactions and a 1.6% rise in the average check.
Chipotle&#8217;s strong financial results led to a rise in its stock price, prompting analysts to <a href="https://www.benzinga.com/news/earnings/24/04/38430514/chipotle-mexican-grill-analysts-raise-their-forecasts-after-better-than-expected-earnings">raise their forecasts</a> for the company&#8217;s future performance. The company&#8217;s international expansion also reached a milestone with the <a href="https://www.benzinga.com/markets/equities/24/04/38360106/chipotle-to-spice-up-kuwait-city-new-location-marks-decade-long-international-expansion">opening of its first location</a> in Kuwait City, marking a decade of international growth.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38399275/no-choice-elon-musk-reacts-as-x-user-reveals-main-reason-why-the-billionaire-is-re-organizing-te?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;No Choice:&#8217; Elon Musk Reacts As X User Reveals &#8216;Main Reason&#8217; Why The Billionaire Is &#8216;Re-Organizing&#8217; Tesla</a>
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Global

Jim Cramer Praises Chipotle's 'Self-Help' Strategy Amid Economic Slowdown: 'Inflation Just Won't Quit'

Citigroup analyst Jon Tower maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and raises the price target from $3358 to $3369.

Citigroup Maintains Buy on Chipotle Mexican Grill, Raises Price Target to $3369

Barclays analyst Jeffrey Bernstein maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Equal-Weight and raises the price target from $2400 to $2865.

Barclays Maintains Equal-Weight on Chipotle Mexican Grill, Raises Price Target to $2865

Truist Securities analyst Joel Fishbein maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and raises the price target from $3250 to $3440.

Truist Securities Maintains Buy on Chipotle Mexican Grill, Raises Price Target to $3440

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
&#8203;&#8203;&#8203;Inflation is here to stay. While down from the historically high levels hit over the past year or so, inflation rates remain elevated and are wearing on the economy. U.S. business activity <a href="https://www.reuters.com/markets/us/us-business-activity-cools-april-inflation-measures-mixed-2024-04-23/">slowed to a four-month low</a> this month, which has worried the Federal Reserve.



It was looking to cut interest rates at least three times this year, possibly as many as six times, but now it&rsquo;s not sure it will even do it once. Fed Chairman Jay Powell recently said he had no &ldquo;confidence&rdquo; that inflation would head in the right direction, and there has even been talk of raising rates again to temper inflation&rsquo;s growth.



Inflation is insidious to consumers as it erodes their spending power. The same dollars buy less at the store. And it is all because of government spending with no politician exhibiting the will to rein it in.&nbsp;



And yes, some businesses can thrive in a high-inflation environment. Their operations can profit because of the damage it causes to businesses and consumers. Below are two inflation stocks that should do well as high rates persist. There is also one stock that is most at risk.



<h2>Iamgold (IAG)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2017/05/goldminersmsn-300x165.jpg" alt="gold stock"><div>Source: Shutterstock</div></div>As inflation makes a new move higher, the price of an ounce of gold sits near all-time record highs. It is unsurprising to see miners like Iamgold (NYSE:<a href="https://investorplace.com/stock-quotes/iag-stock-quote/">IAG</a>) benefitting. The stock is up 45% year to date, and there is potential for shares to grow even more.



Although costs are rising, profit margins should rise more, especially now that Iamgold had its <a href="https://www.sec.gov/Archives/edgar/data/1203464/000106299324007470/exhibit99-1.htm">first pour from Cote Gold</a>. All-in sustaining costs (AISC) grew to $1,762 per ounce sold in 2023 from $1,582 per ounce sold the year before, an 11% increase, but Cote Gold should dramatically lower them.



Cote Gold is a new mine that Iamgold has been developing, and management believes it could be the third-largest gold mine in Canada. The miner says once the project <a href="https://www.sec.gov/Archives/edgar/data/1203464/000106299324008099/exhibit99-1.htm#page_55">achieves 90% of throughput</a>, which it expects will happen by the end of 2024, it estimates its cash costs at that time will be in the range of approximately $700 to $800 per ounce sold and AISC of $1,100 to $1,200 per ounce sold. That will significantly lower Iamgold&rsquo;s overall AISC.



With stubborn inflation, gold will remain elevated, and miners like Iamgold will profit.



<h2>Genuine Parts (GPC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/gpc1600-300x169.jpg" alt="Hands holding a smartphone with the Genuine Parts (GPC) logo displayed."><div>Source: Piotr Swat / Shutterstock.com</div></div>Inflation has made the cost of a new car prohibitively expensive. Used cars are no longer a bargain either. That&rsquo;s why aftermarket auto parts retailers like Genuine Parts (NYSE:<a href="https://investorplace.com/stock-quotes/gpc-stock-quote/">GPC</a>) shine in this environment.



According to Cox Automotive, the cost of a new car in April is $47,244 on average. While that&rsquo;s down 2% from last year, it is significantly above their pre-pandemic level. Used car prices are also rising again in 2024, hitting $26,969. That&rsquo;s down 4% from last year, but they are closing in again on the record highs hit in 2022.



It is why Genuine Parts is thriving. Car owners want to keep their existing cars on the road longer. The owner of the NAPA Auto Parts retail chain reported $5.8 billion in first-quarter revenue and beat expectations on the bottom line with earnings of $1.78 per share. That had management <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/40987/000004098724000066/gpc-20240418.htm">boosting its full-year profit guidance</a> to $9.80 to $9.95 per share, a 1% increase from its previous outlook at the midpoint.



That might not seem like much, but Genuine Parts is a mature company that will not have wild swings. It also pays a dividend that yields 2.4% annually. It has <a href="https://www.prnewswire.com/news-releases/genuine-parts-company-reports-fourth-quarter-and-full-year-2023-results-302062441.html#:~:text=GPC's%20Board%20of%20Directors%20approved,%243.80%20per%20share%20in%202023.">paid a dividend</a> ever since going public in 1948 and has raised the payout for 68 consecutive years.



<h2>Chipotle Mexican Grill (CMG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/cmg1600-300x169.png" alt="Chipotle - Sign on building, CMG stock"><div>Source: Retail Photographer / Shutterstock.com</div></div>Restaurants are one industry most at risk from inflation because the cost of dining out becomes uneconomical compared to eating at home. Despite rampant inflation, Chipotle Mexican Grill (NYSE:<a href="https://investorplace.com/stock-quotes/cmg-stock-quote/">CMG</a>) has been a standout performer over the past few years. Yet persistence in higher prices, which could also lead to a deferral in interest rate cuts by the Federal Reserve, could eventually take a toll.



Chipotle&rsquo;s armor has been its <a href="https://investorplace.com/2024/03/1000-club-3-high-priced-stocks-worth-every-penny/">value proposition for a differentiated menu</a>. The fast-casual chain offers consumers something different (and better) for their money, but when consumers feel pinched more for longer, they will start cutting back. That extra meal picked up through at a Chipotlane drive-thru window can easily be cut out.



Because the Mexican food chain&rsquo;s stock has quadrupled in value over the last five years, it has the furthest to fall. CMG stock is up 66% since its low point last October, but shares could quickly retrace that route.



On the date of publication, Rich Duprey held a LONG position in GPC stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/inflation-is-not-going-away-2-stocks-that-will-thrive-1-that-will-dive/">Inflation Is Not Going Away. 2 Stocks That Will Thrive, 1 That Will Dive</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Inflation Is Not Going Away. 2 Stocks That Will Thrive, 1 That Will Dive

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
When it comes to stocks, price matters. While most analysts concentrate on valuation, i.e. the price-to-earnings estimates, for retail investors the price at which shares can be purchased is of paramount importance. A lot of investors, for example, can&rsquo;t afford to buy a single share of Chipotle Mexican Grill (NYSE:<a href="https://investorplace.com/stock-quotes/cmg-stock-quote/">CMG</a>) right now with the stock trading at close to $3,000. However, after the company completes <a href="https://apnews.com/article/chipotle-stock-split-nyse-9dc26a24bf5c356a188a992fff0ca2ca">a 50-for-1 stock split </a>in June and the price is lowered to less than $60, these investors will be able to snap up shares.



Many investors with little cash on hand rightfully look for stocks that <a href="https://investorplace.com/2024/03/low-priced-high-potential-7-cheap-stocks-under-10-to-try-your-luck-with/">trade for less than $10 a share</a>, enabling them to build a decent position in their portfolio. If a stock that has a low share price also has a compelling valuation and offers a dividend payout, then the stars may have aligned and you could have the makings of a great long-term investment. The key is to do one&rsquo;s homework and carefully evaluate a stock before buying it. Here are the top three under-$10 stocks to buy in April 2024. 



<h2>Barclays (BCS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/barclays1600-300x169.jpg" alt="the Barclays (BCS) logo"><div>Source: chrisdorney / Shutterstock.com</div></div>British bank Barclays (NYSE:<a href="https://investorplace.com/stock-quotes/bcs-stock-quote/">BCS</a>) is currently trading near a 52-week high but is still available for purchase at just under $10 per share. BCS stock is currently trading at $9.60 a share. Not only is the low share price attractive, but so too is the valuation and yield. Barclays trades at just seven times future earnings estimates and offers its shareholders a quarterly dividend payment of 10 cents per share, giving BCS stock a strong yield of 4.19%. Barclays&rsquo; shares are also on an upswing, having <a href="https://www.reuters.com/business/finance/barclays-annual-profit-falls-6-unveils-overhaul-boost-shares-2024-02-20/">gained 21% so far in 2024</a>. 



BCS stock has been trending higher ever since the bank announced in February <a href="https://www.cnbc.com/2024/02/20/barclays-posts-fourth-quarter-net-loss-announces-1-billion-share-buyback.html#:~:text=Barclays%20on%20Tuesday%20reported%20a,reorganization%20of%20its%20business%20divisions.">a strategic overhaul </a>of its operations. The changes include cost cuts, asset sales, and a reorganization of its business divisions. Going forward, the 128-year-old bank will be divided into five operating units, separating the corporate and investment banking sides of the lender. Management said they are targeting cost savings of &pound;2 billion (US$2.5 billion) by 2026. 



Barclays also announced an additional share buyback of &pound;1 billion and promised to return &pound;10 billion to shareholders by 2026 through dividends and stock repurchases.



<h2>Kinross Gold Corp. (KGC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/kinross-kgc-1600-300x169.jpg" alt="Cellphone with business logo of Canadian mining company Kinross Gold Corp. on screen in front of webpage."><div>Source: T. Schneider / Shutterstock.com</div></div>Another stock that is moving in the right direction but can still be had for less than 10 bucks is Kinross Gold Corp. (NYSE:<a href="https://investorplace.com/stock-quotes/kgc-stock-quote/">KGC</a>). Shares are currently trading at $6.56, but are up 30% in the past 12 months, including a year-to-date gain of 10%. KGC stock has been rising alongside the price of gold, which has hit multiple all-time highs in recent months. Currently <a href="https://www.baystreet.ca/commodities/7135/Golds-Price-Drops-As-Middle-East-Tensions-Ease">trading at $2,335 an ounce</a>, gold&rsquo;s price was sitting at a record high of $2,431.55 earlier in April.



The strong rise in the price of bullion has lifted the fortunes of gold miners such as Kinross. Expectations are for Kinross and others to make hay while the sun shines and post strong financial results on the back of record prices. Prior to this year, KGC stock had struggled after the company divested a gold mine in Ghana and sold its Russian mining assets following that country&rsquo;s invasion of Ukraine. However, <a href="https://www.marketbeat.com/instant-alerts/tse-k-boost-price-target-2024-04-19/">sentiment towards Kinross</a> has now shifted to the positive. 



Beyond the share price appreciation, KGC stock trades at 19 times future earnings estimates and pays a quarterly dividend of 3 cents per share, giving it a yield of 1.83%. 



<h2>Sirius XM Holdings (SIRI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/siri1600-300x169.png" alt="Person holding mobile phone with logo of US broadcasting company Sirius XM Holdings Inc. (SIRI) on screen in front of web page. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Is there a role for satellite radio into today&rsquo;s world of audio streaming? Warren Buffett seems to think so. The Oracle of Omaha currently <a href="https://www.cnbc.com/berkshire-hathaway-portfolio/">owns more than 40 million shares </a>of Sirius XM Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/siri-stock-quote/">SIRI</a>), the company that has a virtual monopoly over satellite radio services. Buffett&rsquo;s stake in Sirius is worth $127.6 million, and despite SIRI stock steadily falling, the world&rsquo;s greatest investor remains a shareholder. Like Barclays, Sirius XM Holdings is cheap to buy.



SIRI stock currently has a share price of $3.16, a forward P/E ratio of 9.76x, and a dividend yield of 3.36%. For value investors who like to bottom fish, Sirius XM Holdings&rsquo; stock is currently near a 52-week low, having fallen 42% this year. The company has struggled with disappointing earnings and concerns have been raised about its <a href="https://www.fool.com/investing/2024/03/04/best-stock-to-buy-right-now-spotify-vs-sirius-xm/">growth potential</a> given that most of its customers only listen to the radio network in their car. But some analyst are turning bullish.



Pivotal Research recently <a href="https://www.marketbeat.com/instant-alerts/nasdaq-siri-upgrade-2024-04-24/">upgraded the stock </a>to a &ldquo;buy&rdquo; rating from &ldquo;hold&rdquo; previously and placed a $4.90 price target on the stock, implying 55% upside from current levels. 



On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/the-top-3-under-10-stocks-to-buy-in-april-2024/">The Top 3 Under-$10 Stocks to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The Top 3 Under-$10 Stocks to Buy in April 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Americans&rsquo; <a href="https://www.bls.gov/news.release/realer.nr0.htm#:~:text=Real%20average%20hourly%20earnings%20increased,weekly%20earnings%20over%20this%20period.">average hourly earnings</a> rose 0.6% more than inflation between March 2023 and March 2024. Since the Consumer Price Index climbed 3.5% year-over-year (YOY) last month, we can infer that Americans&rsquo; actual average wage increased 4.1% YOY in March. Since 2021, there have been similar hikes in our compensation. Many firms, including restaurant chains, advertisers, companies in the travel sector and large retail chains, have benefited from these wage hikes. Indeed, since the U.S. economy is primarily based on consumption, I believe that these compensation gains are the key reason why the nation has avoided the recession that so many were sure would be caused by the Federal Reserve&rsquo;s interest rate increases. Moreover, the wage gains are also largely responsible for the stock market&rsquo;s attainment of new all-time highs this year. With that said, here are three stocks to buy to profit from U.S. wage growth.



<h2>Chipotle (CMG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/cmg1600-300x169.jpg" alt="a pedestrian walks past a Chipotle"><div>Source: Northfoto / Shutterstock.com</div></div>Restaurant chain Chipotle (NYSE:<a href="https://investorplace.com/stock-quotes/cmg-stock-quote/">CMG</a>) is clearly getting a huge boost from U.S. compensation hikes. The company&rsquo;s first-quarter <a href="https://seekingalpha.com/news/4093578-chipotle-mexican-grill-non-gaap-eps-of-13_37-beats-1_70-revenue-of-2_7b-beats-30m">revenue jumped</a> 14% last quarter versus the same period a year earlier to $2.7 billion, while its comparable restaurant sales jumped 7% year-over-year.



What&rsquo;s more, its operating margin came in at 16.3% last quarter versus 15.5% in Q1 of 2023 and its earnings per share soared an incredible 23.9% YOY to $13.01. The company was able to increase the average amount spent by its customers by 1.6% YOY.



Moreover, CMG continues to expand,<a href="https://seekingalpha.com/pr/19699228-chipotle-announces-first-quarter-2024-results?hasComeFromMpArticle=false"> as it opened 47</a> new restaurants in Q1. The company added that a number of its &ldquo;marketing initiatives&rdquo; proved to be quite successful.



With Chipotle&rsquo;s offerings obviously clicking with consumers and the firm growing rapidly and benefiting from consumers&rsquo; wage growth, I expect CMG stock to easily outperform the stock market going forward, making it an ideal option among stocks to buy.



<h2>Alphabet (GOOG, GOOGL)</h2>



<a href="https://investorplace.com/wp-content/uploads/2024/03/alphabet_googl.png"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/alphabet_googl-300x169.png" alt="Alphabet (GOOGL) - Quantum Computing Stocks to Buy"></a>Americans&rsquo; wage growth and the resulting, strong economic growth that the country has experienced have led marketers in recent months to spend much more on ads than they did in 2022 and the first half of 2023.



Alphabet (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>), which gets the lion&rsquo;s share of its revenue and profits through advertising, <a href="https://seekingalpha.com/symbol/GOOG/income-statement">has been a major beneficiary </a>of this trend. For example, in the fourth quarter of last year, its top line came in at $86.3 billion, up from $76 billion in Q4 of 2022., while it generated $24.9 billion of operating income, versus $18.16 billion during the same period a year earlier.



In a note to investors on April 17, Truist, a U.S. bank, <a href="https://seekingalpha.com/news/4090437-alphabet-sees-buy-rating-maintained-at-truist-ahead-of-solid-q1-results">predicted that </a>GOOG would report &ldquo;solid&rdquo; Q1 results, driven by strong engagement trends which have, in turn, triggered increased ad revenue for Alphabet. 



 In other words, consumers, flush with increased funds from wage growth ,are clicking more on Alphabet&rsquo;s paid ads, causing its top line to surge. 



Truist, which hiked its price target on GOOG stock to $170 from $158, expects the company&rsquo;s Q1 results to come in slightly above analysts&rsquo; average estimates.



<h2>General Motors (GM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/gm-stock-6-300x169.jpg" alt="Image of General Motors (GM) logo on corporate building with clear sky in the background."><div>Source: Katherine Welles / Shutterstock.com</div></div>General Motors (NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/">GM</a>) <a href="https://seekingalpha.com/pr/19696002-gm-releases-2024-first-quarter-results-and-raises-full-year-guidance?hasComeFromMpArticle=false">delivered very strong </a>Q1 results which demonstrated that it&rsquo;s been a major beneficiary of Americans&rsquo; wage growth.



The automaker&rsquo;s net income surged a very impressive 24% last quarter versus the same period a year earlier to $2.98 billion, while its automotive operating cash flow soared 61% year-over-year to $3.6 billion.



Moreover, GM increased its 2024 EPS guidance to $9-$10, versus its previous target of $8.50-$9.50.



Multiple Wall Street analysts <a href="https://seekingalpha.com/news/4093194-general-motors-attracts-higher-price-targets-after-earnings-impress-analysts">were pleased with the company&rsquo;s</a> results and bullish on the outlook of this option among stocks to buy.



For example, Swiss bank UBS, calling GM one of the best names in the auto sector, increased its price target on the name to $58. Meanwhile Japanese bank Mizuho, lauding the company&rsquo;s position within the SUV and pickup truck market, hiked its price target on the name to $52.



On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>
<div>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-stocks-to-buy-now-to-ride-the-wave-of-robust-wage-growth/">3 Stocks to Buy Now to Ride the Wave of Robust Wage Growth</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Stocks to Buy Now to Ride the Wave of Robust Wage Growth

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The S&amp;P 500 has been a solid index for long-term investors. Some years are better than others, but the index has generally moved upward in the long run. The index&rsquo;s 5-year, 10-year, 20-year and 40-year returns all paint a picture of progress. Looking deeper into the popular index can reveal opportunities to outperform the stock market. While investors can look at the Magnificent Seven stocks for opportunities to outperform the index, you have probably heard of those stocks for a while. Variety is the spice of life, and these are some of the top S&amp;P 500 stocks that aren&rsquo;t members of the Magnificent Seven.



<h2>Marriott International (MAR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/mar-1600-300x169.png" alt="Marriott logo in Milan, Italy. MAR stock."><div>Source: DELBO ANDREA / Shutterstock</div></div>Marriott International (NASDAQ:<a href="https://investorplace.com/stock-quotes/mar-stock-quote/">MAR</a>) has slightly outperformed the S&amp;P 500 with a 75% gain over the past five years. The hotel chain is also off to a great start,&nbsp;with&nbsp;an 8% year-to-date gain.



Marriott offers growth at a reasonable price. The company trades at a 23 P/E ratio while paying a quarterly dividend. The stock has a 0.87% yield and&nbsp;<a href="https://www.nasdaq.com/market-activity/stocks/mar/dividend-history" target="_blank">hiked its dividend by 30% in 2023</a>.



The hotel chain reported 12% year-over-year revenue growth and 26% year-over-year net income growth in&nbsp;<a href="https://marriott.gcs-web.com/news-releases/news-release-details/marriott-international-reports-strong-fourth-quarter-and-full" target="_blank">Q4 2023</a>. The firm&rsquo;s profit margin exceeded 50%. Marriott is currently rated as a &ldquo;Moderate Buy&rdquo; with a projected 5% upside. The highest price target of $280/share suggests the stock can rally 17% from current levels.



Marriott initiated a $3.9 billion stock buyback in 2023. The company repurchased 21.5 million shares during that buyback. The company returned $4.5 billion to shareholders,&nbsp;including&nbsp;dividends.



<h2>Caterpillar (CAT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/cat-stock-300x169.jpg" alt="Image of a yellow construction vehicle with the Caterpillar (CAT) logo on it"><div>Source: astudio / Shutterstock.com</div></div>Caterpillar&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/cat-stock-quote/">CAT</a>) has outperformed the stock market with a 161% gain over the past five years. The company trades at an 18 P/E ratio while offering a 1.50% dividend yield. The&nbsp;<a target="_blank" href="https://www.koyfin.com/company/cat/dividends/#.">annualized dividend growth rate is 8.20%</a>&nbsp;over the past decade.&nbsp;



The company offers an essential service. Construction equipment is required for many projects. While higher interest rates can slow construction, it&rsquo;s a constant need for many businesses, states and countries. Caterpillar has been around for almost 100 years and has withstood various economic cycles like the Great Depression and the 1973 Oil Crisis.&nbsp;



Caterpillar recently released another solid quarter of earnings. The firm&rsquo;s&nbsp;<a href="https://investors.caterpillar.com/news/news-details/2024/Caterpillar-Reports-Fourth-Quarter-and-Full-Year-2023-Results/default.aspx" target="_blank">Q4 2023</a>&nbsp;results indicated 3% year-over-year revenue growth and 84% year-over-year net income growth. Caterpillar set records for full-year sales, adjusted profits per share and ME&amp;T free cash flow. The company returned $7.5 billion to shareholders via stock buybacks and dividends throughout 2023.



<h2>Chipotle (CMG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/cmg1600-300x169.png" alt="Chipotle - Sign on building, CMG stock"><div>Source: Retail Photographer / Shutterstock.com</div></div>Chipotle&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/cmg-stock-quote/">CMG</a>) is up by 330% over the past five years and is gaining renewed attention thanks to an upcoming stock split.&nbsp;<a target="_blank" href="https://ir.chipotle.com/2024-03-19-CHIPOTLE-BOARD-OF-DIRECTORS-APPROVES-50-FOR-1-STOCK-SPLIT">Investors will receive 50 shares</a>&nbsp;for every share of Chipotle that they currently own.&nbsp;



The historic 50-for-1 stock split will make shares more accessible to investors and increase options trading activity. While investors can buy fractional shares right now, they may feel more eager to buy shares if they can have entire shares of a company rather than a fractional one.



Chipotle has a lot going for it beyond the stock split. Revenue increased by 15.4% year-over-year in&nbsp;<a target="_blank" href="https://ir.chipotle.com/2024-02-06-CHIPOTLE-ANNOUNCES-FOURTH-QUARTER-AND-FULL-YEAR-2023-RESULTS">Q4 2023</a>. The company has regularly achieved double-digit revenue growth, and profit margins have also been improving. The restaurant chain increased its diluted earnings per share by 27.3% year-over-year.&nbsp;



While the restaurant firm is growing, another key advantage is the company&rsquo;s pricing power. Chipotle has maintained a steady stream of loyal customers despite&nbsp;raising its prices six times over the past three years. Few companies can attract more customers while raising prices once a year, let alone six. Chipotle looks ready to deliver enticing long-term returns for patient investors.&nbsp;



On the date of publication, Marc Guberti did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News &amp; World Report, Benzinga, and Joy Wallet.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/the-top-3-sp-500-stocks-to-buy-in-april-2024/">The Top 3 S&amp;P 500 Stocks to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The Top 3 S&P 500 Stocks to Buy in April 2024

Chipotle continues to deliver impressive results, showing a restaurant brand that is as strong as ever.

Q1 Updates For Visa, Chipotle, And ServiceNow

10 out of 14 S&P 500 consumer discretionary stocks post earnings beat - Earnings Scorecard

Good news for Chipotle Mexican Grill (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NASDAQ">CMG</a>) today as reports note that your chances of not being able to get chicken al pastor have pretty we...

Chicken Supply Regulates at Chipotle (NASDAQ:CMG), Shares Spark Up

Chicken Supply Normalizes at Chipotle (NASDAQ:CMG), Shares Spark Up

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The first-quarter earnings train is running at full steam now with company results coming at us fast and furiously. <a href="https://advantage.factset.com/hubfs/Website/Resources%20Section/Research%20Desk/Earnings%20Insight/EarningsInsight_042624A.pdf">FactSet reports</a> that with 46% of companies listed on the benchmark S&amp;P 500 index having reported financial results, 77% have beaten expectations for their earnings, while 60% have announced better-than-expected revenue. The year-over-year earnings growth rate for Q1 among S&amp;P 500-listed companies is 3.5%, marking the third-straight quarter of year-over-year growth for the benchmark. 



While all that sounds good, the reality is that the fortunes of many companies have risen or fallen based on their Q1 prints. Alphabet (NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>) announces its <a href="https://www.reuters.com/technology/google-parent-alphabet-announces-first-ever-divided-20-cents-per-share-2024-04-25/">first dividend</a> and its stock jumps 10% in a day. Meta Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>) offers weak guidance and <a href="https://www.cnbc.com/2024/04/25/mark-zuckerberg-net-worth-falls-18-billion-over-meta-earnings.html">Mark Zuckerberg&rsquo;s net worth</a> drops by $18 billion. Ride the Q1 earnings wave: three stocks to buy for post-report riches.



<h2>Chipotle Mexican Grill (CMG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/cmg1600-300x169.png" alt="Chipotle - Sign on building, CMG stock"><div>Source: Retail Photographer / Shutterstock.com</div></div>Chipotle Mexican Grill (NYSE:<a href="https://investorplace.com/stock-quotes/cmg-stock-quote/">CMG</a>) does it again. The restaurant chain that specializes in Mexican cuisine posted <a href="https://www.cnbc.com/2024/04/24/chipotle-mexican-grill-cmg-q1-2024-earnings.html#:~:text=Chipotle%20reported%20first%2Dquarter%20net,climbed%2014.1%25%20to%20%242.7%20billion.">strong first-quarter financial results</a> and issued bullish guidance that beat Wall Street forecasts, sending its stock higher. For Q1, Chipotle announced earnings per share (EPS) of $13.37 compared to $11.68 that was the consensus forecast of analysts. Revenue amounted to $2.70 billion versus $2.68 billion expected. Sales rose 14% from a year earlier.



Chipotle also noted that its <a href="https://finance.yahoo.com/news/chipotle-blows-by-earnings-estimates-as-resilient-foot-traffic-margin-expansion-boost-q1-results-172205133.html">same-store sales rose 7%</a>, beating estimates of 5.2% growth. The company has managed to report increased customer traffic despite higher menu prices. The company raised prices across its network last October due to inflation. Chipotle has also been focusing on making its food items more quickly, improving the industry metric known as &ldquo;throughput.&rdquo; In Q1, Chipotle&rsquo;s throughput reached its highest level in four years. The restaurant chain added 47 new locations during the quarter.



As Chipotle continues to fire on all cylinders, the company is currently undertaking <a href="https://apnews.com/article/chipotle-stock-split-nyse-9dc26a24bf5c356a188a992fff0ca2ca">a 50-for-1 stock split</a>, one of the largest in the history of the New York Stock Exchange. The stock is expected to start trading on a split adjusted basis on June 26 of this year. In the meantime, CMG stock has risen 60% in the last 12 months, including a 42% gain this year.



<h2>Spotify (SPOT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/spot_spotify_1600-300x169.png" alt="Close up view of a smartphone with Spotify (SPOT) logo on display. Laptop and headphone on background. New technology, social media, network, liquid music concept."><div>Source: Fabio Principe / Shutterstock.com</div></div>Another stock to buy after earnings reports is Spotify Technology (NYSE:<a href="https://investorplace.com/stock-quotes/spot-stock-quote/">SPOT</a>). The audio streaming service saw its <a href="https://www.cnbc.com/2024/04/23/spotify-spot-earnings-q1-2024.html#:~:text=Earnings%20per%20share%3A%2097%20euro,618%20million%20estimated%20by%20StreetAccount">stock rise nearly 10% </a>after beating Wall Street forecasts with its Q1 profit. Swedish based Spotify reported a net profit of 197 million euros ($210 million U.S.), equivalent to 97-euro cents per share. That result was much better than the 62-euro cents a share expected among analysts. Revenue in Q1 rose 20% to &euro;3.64 billion, beating forecasts of &euro;3.61 billion.



Spotify CEO Daniel Ek has called 2024 a &ldquo;year of monetization&rdquo; at the company known for its music and podcast streaming platform. The company has <a href="https://qz.com/spotify-quarterly-results-earning-per-share-revenue-1851429180">raised prices</a> on individual streaming plans in the U.S. for the first time since 2011 and cut 17% of its workforce, equal to about 1,500 employees. Monthly active users on Spotify rose to 615 million in Q1, up 19% compared with the same period a year earlier. Premium subscriptions on the platform rose 14% to 239 million during the January through March period.



SPOT stock has increased 116% in the last 12 months, including a 52% year-to-date gain. 



<h2>Colgate-Palmolive (CL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/colgate-cl-stock-1600-300x169.jpg" alt="Colgate toothpaste and mouthwash in a cup with a toothbrush"><div>Source: monticello / Shutterstock.com</div></div>Shares of Colgate-Palmolive (NYSE:<a href="https://investorplace.com/stock-quotes/cl-stock-quote/">CL</a>) got a 2% bump after its <a href="https://www.marketwatch.com/story/colgate-palmolives-stock-up-2-9-after-earnings-beat-and-raised-guidance-cd4f4091?mod=mw_latestnews">Q1 earnings print</a>, bringing the year-to-date gain in CL stock to 13%. The consumer goods company known for products such as Colgate toothpaste, Speed Stick deodorant, and Irish Spring soap reported EPS of 86 cents, which topped Wall Street estimates of 81 cents. The company announced Q1 revenue of $5.07 billion, which also beat analysts&rsquo; consensus forecasts of $4.96 billion.



Colgate-Palmolive attributed the <a href="https://www.barrons.com/amp/articles/colgate-earnings-stock-price-91ae91d9">earnings beat</a> to increased prices and continued spending on the part of consumers. Owing to the essential nature of many of its hygiene products, Colgate has proven to have &ldquo;pricing power,&rdquo; or the ability to raise prices without losing customers. Colgate-Palmolive said it now expects revenue growth of 2% to 5% this year, up from a previous forecast of 1% to 4%. In the last 12 months, CL stock has increased nearly 20%.



On the date of publication, Joel Baglole&nbsp;held a long position in GOOGL. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://nam12.safelinks.protection.outlook.com/?url=https%3A%2F%2Finvestorplace.com%2Fcorporate%2Finvestorplace-publishing-guidelines%2F&amp;data=04%7C01%7C%7C5a525d9084ae4cdfb8f008da1edbf06e%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637856227247256778%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&amp;sdata=uLFH3ol2mcVxuJrHYW3xDLVx3qGIvonIwHvcfUa%2Fo24%3D&amp;reserved=0" target="_blank">Publishing Guidelines</a>.
<div>Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/ride-the-q1-earnings-wave-3-stocks-to-buy-for-post-report-riches/">Ride the Q1 Earnings Wave: 3 Stocks to Buy for Post-Report Riches</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Ride the Q1 Earnings Wave: 3 Stocks to Buy for Post-Report Riches

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The stock market can feel like easy money when every investment&nbsp;rises. However, the stock market is volatile and periodically goes through sharp corrections. Patient investors can use these dips as long-term buying opportunities and accumulate positions in promising <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> to buy.



Growth-oriented investments can outperform the stock market,&nbsp;which&nbsp;also means these investments can lose more ground than the market when things go wrong. The long-term outlook is promising for these seven top growth stocks to buy, and any short-term weaknesses can lead to higher long-term gains.



<h2>Crowdstrike (CRWD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/crwd1600-300x169.png" alt="Person holding smartphone with logo of US software company CrowdStrike Holdings Inc. (CRWD) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Crowdstrike&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/crwd-stock-quote/">CRWD</a>) is a long-term leader in the cybersecurity industry that continues to post impressive growth rates. The firm reported 33% year-over-year revenue growth in&nbsp;<a target="_blank" href="https://ir.crowdstrike.com/news-releases/news-release-details/crowdstrike-reports-fourth-quarter-and-fiscal-year-2024">Q4 FY24</a>&nbsp;and turned a $47.5 million GAAP net loss to GAAP net income of $53.7 million year-over-year.&nbsp;



The significant turnaround in profitability can result in a more generous valuation for long-term investors. Valuation is a notable weakness for the stock as shares&nbsp;are priced&nbsp;at a&nbsp;<a href="https://finance.yahoo.com/quote/CRWD/key-statistics" target="_blank">77.5 forward P/E ratio</a>. It&rsquo;s been much higher in the past but continued profitability, and any dips will make it more attractive.



Artificial intelligence will increase the demand for cybersecurity solutions.&nbsp;While AI has many good uses, technology can be used for bad acts. Cyber hackers can infiltrate more databases with&nbsp;artificial intelligence. Crowdstrike allows business owners to detect these threats. The cybersecurity firm also has AI resources to keep hackers&nbsp;from your digital assets.



<h2>Chipotle (CMG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/cmg1600-300x169.png" alt="Chipotle - Sign on building, CMG stock"><div>Source: Retail Photographer / Shutterstock.com</div></div>Chipotle&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/cmg-stock-quote/">CMG</a>) has been a top-performing stock for several years. It&rsquo;s off to a great start with a 42% year-to-date gain. The stock has also increased by 349% over the past five years. The impressive gains come amid a recently announced&nbsp;stock split&nbsp;that will reward investors with 50 shares for every share&nbsp;they&nbsp;currently own.&nbsp;



The&nbsp;fast-food&nbsp;restaurant chain delivers healthier food options than most of its competitors.&nbsp;The&nbsp;company has raised prices six times over the past two years,&nbsp;yet it retains its loyal customer base.&nbsp;



With the company&rsquo;s first-quarter results, Investors witnessed&nbsp;Chipotle&rsquo;s strengthening brand loyalty firsthand. Revenue increased by 14.1% year-over-year to reach $2.7 billion. Chipotle opened 47 new restaurants in the quarter and ensured that 43 locations came with Chipotlanes. Net income was $359.3 million, a 23.2% year-over-year increase.



Profit margins continue to improve, and the company is firm on its target of opening 285-315 restaurants this year.&nbsp;More growth&nbsp;seems to be&nbsp;ahead.



<h2>SoFi (SOFI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/sofi1600-3-300x169.png" alt="SoFi logo sign on headquarters facade. Social Finance is an online personal finance company."><div>Source: Michael Vi / Shutterstock.com</div></div>SoFi&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/sofi-stock-quote/">SOFI</a>) is a soaring digital bank&nbsp;that has&nbsp;the potential to become a giant within the industry. The fintech firm has an $8 billion market cap and recently turned a profit. SoFi delivered a positive GAAP net income of $48 million&nbsp;and&nbsp;GAAP EPS of $0.02 per share&nbsp;in&nbsp;<a href="https://s27.q4cdn.com/749715820/files/doc_financials/2023/q4/SoFi-Q4-2023-Earnings-Release.pdf" target="_blank">Q4 2023</a>.



That wasn&rsquo;t the only positive development. Revenue surged by 35% year-over-year as the company added nearly 585,000 new members. SoFi now has more than 7.5 million members.



SoFi&rsquo;s profit margin came in at 7.9% for the quarter. The digital bank has the potential to rapidly expand profit margins in future quarters since it does not have physical branches.&nbsp;SoFi has far less overhead than traditional banks, allowing&nbsp;it to offer some of the most competitive rates, terms and rewards.&nbsp;It also means the potential for high returns.&nbsp;



SoFi stock has been a roller coaster, so you&nbsp;must&nbsp;be patient. It&rsquo;s down by 18% year-to-date but has gained 44% over the past year. Long-term growth plans and a switch to profitability suggest that the fintech company can generate sizable gains in the future.&nbsp;



<h2>Microsoft (MSFT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/msft1600-1-300x169.png" alt="Microsoft logo close up. Microsoft (MSFT) Flagship Store Fifth Avenue, Manhattan, NYC."><div>Source: The Art of Pics / Shutterstock.com</div></div>Microsoft&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/">MSFT</a>) has become a consistent stock that is a top holding in many mutual funds and ETFs. The corporation has exposure to numerous high-growth industries and has been reliably increasing its revenue and profit margins for many years.



The tech giant continued its tear with an impressive earnings print. The highlights for&nbsp;<a href="https://www.microsoft.com/en-us/investor/earnings/fy-2024-q3/press-release-webcast" target="_blank">Q3 FY24</a>&nbsp;included 17% year-over-year revenue growth and 20% year-over-year net income growth.&nbsp;Microsoft Cloud led the way with 23% year-over-year revenue growth, contributing to over&nbsp;half of the firm&rsquo;s total revenue.



Microsoft stock has steadily outperformed the stock market. It&rsquo;s up by 10% year-to-date and has logged a 215% gain over the past five years. It&rsquo;s the only stock&nbsp;with&nbsp;a $3 trillion valuation; artificial intelligence can help it soar higher.&nbsp;Copilot is becoming a&nbsp;larger&nbsp;segment, allowing&nbsp;Microsoft to expand into more industries while offering better solutions for its current customer base.



<h2>Alphabet (GOOG,GOOGL)</h2>



<a href="https://investorplace.com/wp-content/uploads/2024/03/alphabet_googl.png"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/alphabet_googl-300x169.png" alt="Alphabet (GOOGL) - Quantum Computing Stocks to Buy"></a>Alphabet&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>) has been working on cost cuts and delivering value for shareholders. Investors&nbsp;got to see&nbsp;those ambitions on full display with an excellent&nbsp;<a href="https://www.abc.xyz/assets/91/b3/3f9213d14ce3ae27e1038e01a0e0/2024q1-alphabet-earnings-release-pdf.pdf" target="_blank">Q1 2024 print</a>.&nbsp;During the quarter, revenue increased by 15% year-over-year while net income soared to $23.7 billion. That was&nbsp;a 57% year-over-year increase.&nbsp;



Alphabet is &ldquo;well under way&rdquo; with its Gemini era, which will position the corporation well for &ldquo;the next wave of AI innovation.&rdquo;&nbsp;Alphabet even initiated its first quarterly dividend,&nbsp;which started&nbsp;at $0.20 per share.&nbsp;Investors should expect considerable dividend growth over the years due to the company&rsquo;s rising profit margins and strong cash position. Alphabet&nbsp;currently sits&nbsp;on $110.9 billion in cash, cash equivalents and marketable securities.



The stock trades at a reasonable 28 P/E ratio and continues to outperform the market. Shares are up by 24% year-to-date and have soared by 193% over the past five years.



<h2>Nu Holdings (NU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/nu-1600-300x169.png" alt="Nubank mobile app on white cell phone and credit card on black surface. NU stock."><div>Source: Lais Monteiro / Shutterstock</div></div>Nu Holdings&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nu-stock-quote/">NU</a>) is a&nbsp;digital bank based in Brazil. Like SoFi,&nbsp;Nu Holdings&nbsp;has less overhead, leading to higher profit margins.&nbsp;Shares have doubled over the past year as the company&nbsp;reports&nbsp;exceptional financial results.&nbsp;



The firm generated $2.4 billion in revenue in&nbsp;<a href="https://api.mziq.com/mzfilemanager/v2/d/59a081d2-0d63-4bb5-b786-4c07ae26bc74/a02fb440-0a32-a55b-427e-588f9f3945cd?origin=1" target="_blank">Q4 2023</a>. Revenue jumped by 66% year-over-year in the quarter, which was in line with the firm&rsquo;s 68% year-over-year revenue growth in fiscal 2023. Net income soared from $58.0 million in Q4 2022 to $360.9 million in Q4 2023. That&rsquo;s a 522% year-over-year increase.&nbsp;



Nu Holdings primarily serves the Latin American community. It&rsquo;s worked well so far, and the bank continues to grow at an impressive rate. More than 93 million customers now use the bank. Nu Holdings offers bank accounts, loans, investment accounts, and other financial products. Analysts have rated the stock as a &ldquo;Strong Buy&rdquo; and believe it can&nbsp;<a target="_blank" href="https://www.tipranks.com/stocks/nu/forecast">march 15% higher</a>&nbsp;from current levels.



<h2>Duolingo (DUOL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/shutterstock_1668567226-300x169.jpg" alt="DUOL stock: A phone displaying the duolingo logo in front of a computer screen displaying the duolingo site"><div>Source: dennizn / Shutterstock</div></div>Duolingo&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/duol-stock-quote/">DUOL</a>) is an educational app that helps people learn new languages. The app has also expanded to cover additional subjects like math and music. Investors will have to contend with a&nbsp;<a href="https://finance.yahoo.com/quote/DUOL/key-statistics" target="_blank">133 forward P/E ratio</a>&nbsp;if they buy shares at current levels. However, the company&nbsp;reports&nbsp;higher profits and a short-term dip can create a compelling buying opportunity.&nbsp;



While the valuation is high, Duolingo has a strong business model that is growing&nbsp;at a high rate. The educational technology firm reported 45% year-over-year revenue growth in&nbsp;<a target="_blank" href="https://investors.duolingo.com/static-files/f456546b-5c18-4e4b-966d-59534089ef02">Q4 2023</a>. Net income came to $12.1 million compared to a net loss of $13.9 million in the same period last year.&nbsp;



The solid financial growth also comes with a soaring user base. Monthly active users grew by 46% year-over-year to 88.4 million total users. The app also has 26.9 million daily active users, which is a 65% year-over-year improvement. The firm looks ready to increase its profit margins, making its valuation more appealing to long-term investors.



On this&nbsp;date of publication, Marc Guberti held long positions in SOFI, MSFT and GOOG. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News &amp; World Report, Benzinga, and Joy Wallet.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/stock-market-crash-alert-7-must-buy-growth-stocks-when-prices-plunge/">Stock Market Crash Alert: 7 Must-Buy Growth Stocks When Prices Plunge</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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