Chipotle Mexican Grill (NYSE:CMG) has a beta value of 1.26 and has seen 10.59 million shares traded in the recent trading session. The company, currently valued at $71.12B, closed the last trade at $51.93 per share which meant it gained $0.25 on the day or 0.48% during that session. The CMG stock price is -33.37% off its 52-week high price of $69.26 and 31.89% above the 52-week low of $35.37. If we look at the company’s 10-day average daily trading volume, we find that it stood at 23.42 million shares traded. The 3-month trading volume is 19.28 million shares.
The consensus among analysts is that Chipotle Mexican Grill (CMG) is Buy stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 8 out of 26 have rated it as a Hold, with 17 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.25.
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Chipotle Mexican Grill (NYSE:CMG) trade information
Sporting 0.48% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CMG stock price touched $51.93 or saw a rise of 7.83%. Year-to-date, Chipotle Mexican Grill shares have moved 13.53%, while the 5-day performance has seen it change -3.17%. Over the past 30 days, the shares of Chipotle Mexican Grill (NYSE:CMG) have changed -10.06%. Short interest in the company has seen 35.15 million shares shorted with days to cover at 1.71.
Wall Street analysts have a consensus price target for the stock at $1600, which means that the shares’ value could jump 96.75% from the levels at last check today. The projected low price target is $53.0 while the price target rests at a high of $3730.0. In that case, then, we find that the latest price level in today’s session is -7082.75% off the targeted high while a plunge would see the stock gain -2.06% from the levels at last check today.
Chipotle Mexican Grill (CMG) estimates and forecasts
Figures show that Chipotle Mexican Grill shares have outperformed across the wider relevant industry. The company’s shares have lost -0.10% over the past 6 months, with this year growth rate of 20.00%, compared to 10.60% for the industry. Revenue growth from the last financial year stood is estimated to be 14.90%.
27 analysts offering their estimates for the company have set an average revenue estimate of 2.81B for the current quarter. 26 have an estimated revenue figure of 2.85B for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -32.46% over the past 5 years. Earnings growth for 2024 is a modest 21.51% while over the next 5 years, the company’s earnings are expected to increase by 21.18%.
CMG Dividends
Chipotle Mexican Grill is expected to release its next earnings report 2024-Oct-24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Chipotle Mexican Grill (NYSE:CMG)’s Major holders
Insiders own 0.66% of the company shares, while shares held by institutions stand at 87.89% with a share float percentage of 88.48%. Investors are also buoyed by the number of investors in a company, with Chipotle Mexican Grill having a total of 1869.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 2.73 million shares worth more than $7.94 billion. As of 2024-03-31, VANGUARD GROUP INC held 9.9565% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 2.13 million shares as of 2024-03-31. The firm’s total holdings are worth over $6.18 billion and represent 7.7525% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard 500 Index Fund and Vanguard Mid-Cap Index Fund. As of Mar 31, 2024, the former fund manager holds about 0.00% shares in the company for having 34.55 shares of worth $1.77 billion while later fund manager owns 14.89 shares of worth $764.82 million as of Mar 31, 2024, which makes it owner of about 0.00% of company’s outstanding stock.
