In yesterday’s Wall Street session, Chipotle Mexican Grill (NYSE:CMG) shares traded at $58.65, up 0.55% from the previous session.
CMG stock price is now 5.62% away from the 50-day moving average and 4.44% away from the 200-day moving average. The market capitalization of the company currently stands at $80.32B.
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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, Garner Curtis E, Chief Customer & Techlgy Ofcr sold 15,750 shares of the company’s stock on Oct 07 ’24. The stock was sold for $898,567 at an average price of $57.05. Upon completion of the transaction, the Chief Customer & Techlgy Ofcr now directly owns 457,764 shares in the company, valued at $26.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 23 ’24, Officer BRIAN R. NICCOL bought 168,738 shares of the business’s stock. A total of $9,840,108 was incurred on buying the stock at an average price of $58.32. 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 $83108708352, which is based on a 57.47 price-to-earnings ratio, a 2.60 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for CMG is $55.527 and a two-hundred day moving average price translates $56.15719 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.
