ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Alternatives Channel
      • Artificial Intelligence
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Education
      • ETF Investing
      • ETF Strategist
      • Faith-Based Investing
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Invest Beyond Cash
      • Leveraged & Inverse
      • Modern Alpha
      • Portfolio Strategies
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Gold/Silver/Critical Materials
        • Crypytocurrency
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
    • Market Outlook
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Database Categories
    • Indexes
    • Scenario Analysis
    • Watchlists
    • Head-To-Head ETF Comparison Tool
    • Mutual Fund To ETF Converter
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • Gaining Perspective Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Core Strategies Channel
  2. Goldman Sachs Advises Buying This MID Holding
Core Strategies Channel
Share

Goldman Sachs Advises Buying This MID Holding

James ComtoisOct 21, 2022
2022-10-21

Chipotle Mexican Grill Inc. (CMG) is a strong buy due to the restaurant chain opening new locations, raising its prices, and updating its menu, according to Goldman Sachs. This could bode well for the American Century Mid Cap Growth Impact ETF (MID C).

In a client note issued on Tuesday, Goldman Sachs analyst Jared Garber wrote: "We continue to view Chipotle as one of the most compelling growth stocks in the industry given the strong top-line (unit growth and same-store sales) and leading margin profile.”

At Yahoo! Finance, Brian Sozzi reported that analysts are expecting same-store sales to increase somewhere between 5% to 9% as more people have returned to in-person dining. Chipotle also raised its menu prices by 4% in August, which is expected to have improved sales. Chipotle will report its third quarter earnings on October 25.

“Our brand is positioned in a really great spot,” Chipotle CEO Brian Niccol said at the Yahoo Finance All Markets Summit. “Obviously, we have some higher household income on average in our customers. We also skew younger but we serve pretty much all income groups. And I don’t love to see some of the lower income groups being impacted the way they have, but we’re fortunate that we’re positioned the way we are with our commitment to food with integrity.”

Garber noted that easing food costs should also boost Chipotle’s profits. “Food cost pressure appears to be easing, room for possible margin upside,” he wrote before adding: “Overall, we see less risk that inflationary food costs will drive an earnings/margin miss for Chipotle in 3Q22/4Q22, and believe that the less inflationary environment does give the company more price cushion should they begin to see consumers becoming more price-conscious.”

Chipotle is the third-largest holding in MID as of September 30, with a weighting of 5.66%. MID seeks to invest in mid-cap companies that generate or could generate social and environmental impact alongside financial return.

Per its product website, the fund uses proprietary fundamental research to:

  • Identify mid-cap stocks that managers believe will increase in value over time.
  • Identify companies that, according to the United Nations Sustainable Development Goals (SDG), generate, or could generate, ESG impact alongside financial return.

For more news, information, and strategy, visit the Core Strategies Channel.

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2025 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X