In yesterday’s Wall Street session, Chipotle Mexican Grill (NYSE:CMG) shares traded at $56.18, down -0.35% from the previous session.
CMG stock price is now -1.98% away from the 50-day moving average and -1.92% away from the 200-day moving average. The market capitalization of the company currently stands at $76.55B.
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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, BRIAN R. NICCOL, Officer bought 143,783 shares of the company’s stock on Oct 28 ’24. The stock was bought for $8,737,276 at an average price of $60.77. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 07 ’24, Chief Customer & Techlgy Ofcr Garner Curtis E sold 15,750 shares of the business’s stock. A total of $898,567 was realized by selling the stock at an average price of $57.05. This leaves the insider owning 457,764 shares of the company worth $25.72 million. A total of 0.75% of the company’s stock is owned by insiders.
During the past 12 months, Chipotle Mexican Grill has had a low of $40.73 and a high of $69.26. As of last week, the company has a debt-to-equity ratio of 1.24, a current ratio of 1.62, and a quick ratio of 1.57. According to the stock market information, the enterprise value for the company is $79725461504, which is based on a 52.21 price-to-earnings ratio, a 2.33 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for CMG is $57.2882 and a two-hundred day moving average price translates $57.234276 for the stock.
The latest earnings results from Chipotle Mexican Grill (NYSE: CMG) was released for 2024-09-30. The net profit margin was 13.51% and return on equity was 45.67% for CMG. The company reported revenue of $2.79 billion for the quarter, compared to $2.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.01 percent.
