Chipotle Mexican Grill (NYSE:CMG)’s traded shares stood at 6.04 million during the last session, with the company’s beta value hitting 1.26.The CMG share’s 52-week high remains $69.26, putting it -16.52% down since that peak but still an impressive 39.49% since price per share fell to its 52-week low of $35.97. The company has a valuation of $81.40B, with an average of 6.98 million shares in intraday trading volume over the past 10 days and average of 13.66 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Chipotle Mexican Grill (CMG), translating to a mean rating of 1.83. Of 26 analyst(s) looking at the stock, 0 analyst(s) give CMG a Sell rating. 1 of those analysts rate the stock as Overweight while 8 advise Hold as 17 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.25.
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Chipotle Mexican Grill (NYSE:CMG) trade information
The 5-day price performance for the stock is 0.08%, and 2.39% over 30 days. With these gigs, the year-to-date price performance is 29.95%. Short interest in Chipotle Mexican Grill (NYSE:CMG) saw shorts transact 31.13 million shares and set a 2.96 days time to cover.
The extremes give us $32 and $74.6 for target low and target high price respectively. As such, CMG has been trading -25.5% off suggested target high and 46.16% from its likely low.
Chipotle Mexican Grill (CMG) estimates and forecasts
Looking at statistics comparing Chipotle Mexican Grill share performance against respective industry, we note that the company has outperformed competitors. Chipotle Mexican Grill (CMG) shares are -6.75% down over the last 6 months, with its year-to-date growth rate higher than industry average at 21.11% against 1.50%. Revenue is forecast to grow 8.70% this quarter before jumping 14.30% for the next one. The rating firms project that company’s revenue will grow 14.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 27 analysts is 2.82B. Meanwhile, for the current quarter, a total of 26 analyst(s) estimate revenue growth to 2.85B.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 47.69% for the past 5-year period. While 2024 is set for a 22.13% return in earnings, projections for the next 5 years are at 22.16% annually.
CMG Dividends
Chipotle Mexican Grill has its next earnings report out on 2024-Oct-29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Chipotle Mexican Grill (NYSE:CMG)’s Major holders
Chipotle Mexican Grill insiders hold 0.69% of total outstanding shares, with institutional holders owning 88.54% of the shares at 89.15% float percentage. In total, 88.54% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 119.81 million shares (or 8.7309% of shares), all amounting to roughly $7.51 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 109.51 million shares, or about 7.9808% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $6.86 billion.
We also have Vanguard 500 Index Fund and Vanguard Growth Index Fund as the top two Mutual Funds with the largest holdings of the Chipotle Mexican Grill (CMG) shares. Going by data provided on Jun 30, 2024 , Vanguard 500 Index Fund holds roughly 35.24 shares. This is just over 0.00% of the total shares, with a market valuation of $2.09 billion. Data from the same date shows that the other fund manager holds a little less at 13.98, or 0.00% of the shares, all valued at about 831.1 million.
