Tuesday, January 02, 2018 1:05:38 PM
The performance in 2017 on Chipotle Mexican Grill, Inc. (NYSE:CMG) was nasty. However, that might benefit the stock in early 2018. The reason I saw that is that sellers were dumping shares in late 2017 to offset capital gains and reduce taxes. Essentially, if an investor was going to sell, they would have done it in 2017 to save money. That limits the amount of sellers in early 2018 (as long as there is no new bad news). The valuation of Chipotle Mexican Grill, Inc. is now actually semi-attractive, especially with the P/E expansion that has taken place on the S&P 500. Lastly, Chipotle Mexican Grill, Inc. did not make a new 52 week low in the last month even with those tax loss sellers. Instead, the stock filled a major support gap fill and is holding it nicely. These factors have me positioning for a bounce in early 2018.
Gareth Soloway
InTheMoneyStocks
Recent CMG News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/19/2024 08:41:38 PM
- CHIPOTLE IS GIVING AWAY UP TO $1 MILLION IN FREE QUESADILLAS FOR NATIONAL QUESADILLA DAY • PR Newswire (US) • 09/19/2024 12:04:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/17/2024 08:35:27 PM
- Microsoft Boosts Share Buyback, Raises Dividends by 10%, Intel Secures Chip Deal with Amazon • IH Market News • 09/17/2024 10:40:35 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/16/2024 08:54:36 PM
- CHIPOTLE DEBUTS AUTOCADO AND THE AUGMENTED MAKELINE BY HYPHEN IN RESTAURANTS • PR Newswire (US) • 09/16/2024 12:06:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 08:38:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 08:36:44 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/12/2024 08:07:39 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/11/2024 08:51:41 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/11/2024 08:42:22 PM
- CHIPOTLE BRINGS BACK SMOKED BRISKET IN THE U.S. AND CANADA • PR Newswire (US) • 09/10/2024 12:03:00 PM
- CHIPOTLE MEXICAN GRILL TO ANNOUNCE THIRD QUARTER 2024 RESULTS ON OCTOBER 29, 2024 • PR Newswire (US) • 09/04/2024 08:10:00 PM
- CHIPOTLE AND SPIRIT HALLOWEEN BRING MEMES TO LIFE WITH EXCLUSIVE FIRST-EVER COSTUME COLLECTION • PR Newswire (US) • 09/04/2024 12:02:00 PM
- CHIPOTLE AND SPIRIT HALLOWEEN BRING MEMES TO LIFE WITH EXCLUSIVE FIRST-EVER COSTUME COLLECTION • PR Newswire (Canada) • 09/04/2024 12:02:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:14:18 PM
- CHIPOTLE TEAMS UP WITH THE OHIO STATE UNIVERSITY TO FUEL BUCKEYE ATHLETES WITH REAL FOOD • PR Newswire (US) • 08/29/2024 03:12:00 PM
- Big Lots Falls 27%, Considers Bankruptcy; DraftKings Acquires Simplebet, Berkshire Hits $1 Trillion • IH Market News • 08/29/2024 10:06:50 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2024 08:11:57 PM
- CHIPOTLE ACCELERATES THE APPOINTMENT OF ADAM RYMER TO CFO AND JAMIE MCCONNELL TO CHIEF ACCOUNTING AND ADMINISTRATIVE OFFICER • PR Newswire (US) • 08/28/2024 08:10:00 PM
- CHIPOTLE TESTS CHIPOTLE HONEY CHICKEN IN SELECT MARKETS • PR Newswire (US) • 08/27/2024 12:07:00 PM
- Apple Names New CFO, Sony Hikes PS5 Price in Japan, Santander Launches Share Buyback • IH Market News • 08/27/2024 09:35:22 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/26/2024 09:19:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/26/2024 09:18:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/26/2024 09:17:42 PM
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