During the last session, Chipotle Mexican Grill (NYSE:CMG)’s traded shares were 28.3 million, with the beta value of the company hitting 1.26. At the end of the trading day, the stock’s price was $55.73, reflecting an intraday loss of -7.87% or -$4.76. The 52-week high for the CMG share is $69.26, that puts it down -24.28 from that peak though still a striking 32.73% gain since the share price plummeted to a 52-week low of $37.49. The company’s market capitalization is $76.32B, and the average intraday trading volume over the past 10 days was 11.32 million shares, and the average trade volume was 13.06 million shares over the past three months.
Chipotle Mexican Grill (CMG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.83. CMG has a Sell rating from 0 analyst(s) out of 26 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 17 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.24.
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Chipotle Mexican Grill (NYSE:CMG) trade information
Chipotle Mexican Grill (CMG) registered a -7.87% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.87% in intraday trading to $55.73, hitting a weekly high. The stock’s 5-day price performance is -5.57%, and it has moved by -2.52% in 30 days. Based on these gigs, the overall price performance for the year is 45.94%. The short interest in Chipotle Mexican Grill (NYSE:CMG) is 29.94 million shares and it means that shorts have 3.41 day(s) to cover.
The consensus price target of analysts on Wall Street is $59, which implies an increase of 5.54% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $32 and $74.6 respectively. As a result, CMG is trading at a discount of -33.86% off the target high and 42.58% off the low.
Chipotle Mexican Grill (CMG) estimates and forecasts
Statistics show that Chipotle Mexican Grill has outperformed its competitors in share price, compared to the industry in which it operates. Chipotle Mexican Grill (CMG) shares have gone down -11.22% during the last six months, with a year-to-date growth rate more than the industry average at 21.11% against 2.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 14.30% this quarter and then jump 14.80% in the quarter after that. In the rating firms’ projections, revenue will increase 14.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.85B as predicted by 27 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to 3.06B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.52B and 2.7B respectively. In this case, analysts expect current quarter sales to grow by 13.40% and then jump by 13.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 47.69%. While earnings are projected to return 24.39% in 2024, the next five years will return 21.03% per annum.
CMG Dividends
Chipotle Mexican Grill is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Chipotle Mexican Grill (NYSE:CMG)’s Major holders
Chipotle Mexican Grill insiders own 0.69% of total outstanding shares while institutional holders control 88.59%, with the float percentage being 89.21%. VANGUARD GROUP INC is the largest shareholder of the company, while 1944.0 institutions own stock in it. As of 2024-06-30, the company held over 119.81 million shares (or 8.7309% of all shares), a total value of $7.51 billion in shares.
The next largest institutional holding, with 109.51 million shares, is of BLACKROCK INC.’s that is approximately 7.9808% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $6.86 billion.
