In today’s recent session, 1.13 million shares of the Chipotle Mexican Grill (NYSE:CMG) have been traded, and its beta is 1.25. Most recently the company’s share price was $57.81, and it changed around -$0.69 or -1.17% from the last close, which brings the market valuation of the company to $79.18B. CMG at last check was trading at a discount to its 52-week high of $69.26, offering almost -19.81% off that amount. The share price’s 52-week low was $35.37, which indicates that the recent value has risen by an impressive 38.82% since then. We note from Chipotle Mexican Grill’s average daily trading volume that its 10-day average is 10.27 million shares, with the 3-month average coming to 19.37 million.
Chipotle Mexican Grill stock received a consensus recommendation rating of Hold, based on a mean score of 1.83. If we narrow it down even further, the data shows that 4 out of 35 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 23 recommended CMG as a Hold, whereas 4 deemed it a Buy, and 1 rated it as Underweight. Chipotle Mexican Grill is expected to report earnings per share of 0.25 for the current quarter.
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Chipotle Mexican Grill (NYSE:CMG) trade information
Instantly CMG has been showing red trend so far today with a performance of -1.17% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 58.76 on recent trading dayincreased the stock’s daily price by 1.62%. The company’s shares are currently up 26.40% year-to-date, but still up 3.63% over the last five days. On the other hand, Chipotle Mexican Grill (NYSE:CMG) is 9.83% up in the 30-day period. We can see from the shorts that 32.12 million shares have been sold at a short interest cover period of 1.64 day(s).
The consensus price target as assigned by Wall Street analysts is $58, which translates to bulls needing to increase their stock price by 0.33% from its current value. Analyst projections state that CMG is forecast to be at a low of $32 and a high of $80.
Chipotle Mexican Grill (CMG) estimates and forecasts
Chipotle Mexican Grill share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 3.33 percent over the past six months and at a 20.00% annual growth rate that is well above the industry average of 4.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 8.70% in revenue this quarter, and will report an increase of 14.30% in the next quarter. The year-over-year growth rate is expected to be 14.80%, up from the previous year.
Consensus estimates provided by 27 financial analysts predict the company will bring in an average of 2.81B in revenue for the current quarter. 26 analysts expect Chipotle Mexican Grill to make 2.85B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 13.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 47.69%. Chipotle Mexican Grill earnings are expected to increase by 21.45% in 2024, but the outlook is positive 21.18% per year for the next five years.
CMG Dividends
Chipotle Mexican Grill’s next quarterly earnings report is expected to be released on 2024-Oct-29.
Chipotle Mexican Grill (NYSE:CMG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.69% of Chipotle Mexican Grill shares, and 88.34% of them are in the hands of institutional investors. The stock currently has a share float of 88.95%. Chipotle Mexican Grill stock is held by 1931.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.7309% of the shares, which is about 119.81 million shares worth $7.51 billion.
BLACKROCK INC., with 7.9808% or 109.51 million shares worth $6.86 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Growth Fund Of America Inc and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 32.53 shares worth $1.88 billion, making up 0.00% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 35.24 shares worth around $2.03 billion, which represents about 0.00% of the total shares outstanding.
