Chipotle Mexican Grill (CMG) concluded trading on Wednesday at a closing price of $65.86, with 27.0 million shares of worth about $1.78 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 42.90% during that period and on June 26, 2024 the price saw a gain of about 0.30%. Currently the company’s common shares owned by public are about 1.37B shares, out of which, 1.36B shares are available for trading.
Stock saw a price change of -3.93% in past 5 days and over the past one month there was a price change of 4.49%. Year-to-date (YTD), CMG shares are showing a performance of 43.99% which increased to 62.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.37 but also hit the highest price of $69.26 during that period. The average intraday trading volume for Chipotle Mexican Grill shares is 14.52 million. The stock is currently trading 3.21% above its 20-day simple moving average (SMA20), while that difference is up 4.91% for SMA50 and it goes to 30.80% higher than SMA200.
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Chipotle Mexican Grill (NYSE: CMG) currently have 1.37B outstanding shares and institutions hold larger chunk of about 92.71% of that.
The stock has a current market capitalization of $90.46B and its 3Y-monthly beta is at 1.25. PE ratio of stock for trailing 12 months is 70.28, while it has posted earnings per share of $0.94 in the same period. Its PEG reads 3.18 and has Quick Ratio of 1.61 while making debt-to-equity ratio of 1.24. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CMG, volatility over the week remained 3.85% while standing at 2.62% over the month.
Stock’s fiscal year EPS is expected to rise by 24.40% while it is estimated to increase by 20.13% in next year. EPS is likely to shrink at an annualized rate of 22.13% for next 5-years, compared to annual growth of 47.69% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on June 13, 2024 offering a Buy rating for the stock and assigned a target price of $3730 to it. Coverage by Truist stated Chipotle Mexican Grill (CMG) stock as a Buy in their note to investors on May 29, 2024, suggesting a price target of $3520 for the stock. On May 22, 2024, Oppenheimer Reiterated their recommendations, while on April 25, 2024, Oppenheimer Reiterated their ratings for the stock with a price target of $3300. Stock get an Equal-weight rating from Stephens on April 12, 2024.
