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Sohini Mondal

Chipotle Mexican Grill Stock Outlook: Is Wall Street Bullish or Bearish?

Chipotle Chipotle Mexican Grill CMG

With a market cap of $57.2 billion, Chipotle Mexican Grill, Inc. (CMG) operates fast-casual restaurants that specialize in burritos, bowls, tacos, salads, and related menu items made with responsibly sourced ingredients. Headquartered in Newport Beach, California, Chipotle also offers digital ordering and delivery through its app and website.

Shares of Chipotle Mexican Grill have lagged behind the broader market over the past 52 weeks. CMG stock has dropped 23.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 15.8%. In addition, shares of the company are down 29.5% on a YTD basis, compared to SPX’s 10.1% increase.

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