Chipotle Mexican Grill (NYSE: CMG) Loses -14.43% From High. Why That Could Change?

Currently, there are 1.37B common shares owned by the public and among those 1.35B shares have been available to trade.

The company’s stock has a 5-day price change of 5.13% and 14.69% over the past three months. CMG shares are trading 29.58% year to date (YTD), with the 12-month market performance up to 41.45% higher. It has a 12-month low price of $41.72 and touched a high of $69.26 over the same period. CMG has an average intraday trading volume of 12.81 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.11%, 3.04%, and 3.04% respectively.

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Institutional ownership of Chipotle Mexican Grill (NYSE: CMG) shares accounts for 87.93% of the company’s 1.37B shares outstanding.

It has a market capitalization of $81.59B and a beta (3y monthly) value of 1.26. The stock’s trailing 12-month PE ratio is 55.08, while the earnings-per-share (ttm) stands at $1.08. The company has a PEG of 2.46 and a Quick Ratio of 1.57 with the debt-to-equity ratio at 1.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.01% over the week and 2.20% over the month.

Earnings per share for the fiscal year are expected to increase by 24.28%, and 17.85% over the next financial year. EPS should shrink at an annualized rate of 22.42% over the next five years, compared to 47.69% over the past 5-year period.

Looking at the support for the CMG, a number of firms have released research notes about the stock. Wedbush stated their Outperform rating for the stock in a research note on August 14, 2024, with the firm’s price target at $54-$58. Evercore ISI coverage for the Chipotle Mexican Grill (CMG) stock in a research note released on July 16, 2024 offered a Outperform rating with a price target of $72. Goldman was of a view on June 13, 2024 that the stock is Buy, while Truist gave the stock Buy rating on May 29, 2024, issuing a price target of $3440- $3520. Oppenheimer on their part issued Outperform rating on May 22, 2024.

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