Stocks of Chipotle Mexican Grill (NYSE:CMG) traded higher last session on Wall Street, up 2.29% to $50.97.
CMG stock price is now -16.35% away from the 50-day moving average and -2.97% away from the 200-day moving average. The market capitalization of the company currently stands at $69.80B.
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With the price target reduced from $3600 to $72, Evercore ISI maintained Outperform rating for Chipotle Mexican Grill (NYSE: CMG). On June 13, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $3730, while ‘Truist’ rates the stock as ‘Buy’
In other news, Hartung Jack, Chief Financial & Admn Officer sold 2,461 shares of the company’s stock on Jun 13 ’24. The stock was sold for $7,995,809 at an average price of $3249.01. Upon completion of the transaction, the Chief Financial & Admn Officer now directly owns 67,166 shares in the company, valued at $3.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 26 ’24, Chairman, CEO Niccol Brian R sold 6,406 shares of the business’s stock. A total of $20,408,980 was realized by selling the stock at an average price of $3185.92. This leaves the insider owning 22,669 shares of the company worth $1.16 million. A total of 0.67% of the company’s stock is owned by insiders.
During the past 12 months, Chipotle Mexican Grill has had a low of $35.37 and a high of $69.26. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 1.71, and a quick ratio of 1.68. According to the stock market information, the enterprise value for the company is $72591130624, which is based on a 49.95 price-to-earnings ratio, a 2.36 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for CMG is $60.68503 and a two-hundred day moving average price translates $52.602154 for the stock.
The latest earnings results from Chipotle Mexican Grill (NYSE: CMG) was released for 2024-06-30. The net profit margin was 13.23% and return on equity was 43.54% for CMG. The company reported revenue of $2.97 billion for the quarter, compared to $2.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.22 percent.
