Stocks of Chipotle Mexican Grill (NYSE:CMG) traded higher last session on Wall Street, down -0.41% to $56.12.
CMG stock price is now 2.89% away from the 50-day moving average and 2.30% away from the 200-day moving average. The market capitalization of the company currently stands at $76.86B.
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With the price target enhanced from $54 to $58, Wedbush Upgraded its rating from Neutral to Outperform for Chipotle Mexican Grill (NYSE: CMG). On July 16, 2024, Evercore ISI reiterated its ‘Outperform’ rating on the stock by increasing its target price from $3600 to quote $72, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Hickenlooper Robin S, Director sold 1,790 shares of the company’s stock on Sep 12 ’24. The stock was sold for $100,924 at an average price of $56.38. Upon completion of the transaction, the Director now directly owns 41,510 shares in the company, valued at $2.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’24, Chief Customer & Techlgy Ofcr Garner Curtis E sold 15,750 shares of the business’s stock. A total of $866,554 was realized by selling the stock at an average price of $55.02. This leaves the insider owning 473,514 shares of the company worth $26.57 million. A total of 0.74% 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 $79643934720, which is based on a 54.99 price-to-earnings ratio, a 2.60 price-to-earnings-growth ratio, and a beta of 1.25. The fifty day moving average price for CMG is $54.4364 and a two-hundred day moving average price translates $54.918987 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.
