Chipotle Mexican Grill (NYSE:CMG) has a beta value of 1.26 and has seen 10.72 million shares traded in the last trading session. The company, currently valued at $80.71B, closed the last trade at $56.38 per share which meant it lost -$2.21 on the day or -3.77% during that session. The CMG stock price is -22.84% off its 52-week high price of $69.26 and 29.19% above the 52-week low of $39.92. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.56 million shares traded. The 3-month trading volume is 13.09 million shares.
The consensus among analysts is that Chipotle Mexican Grill (CMG) is Buy stock at the moment, with a recommendation rating of 1.83. 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 0.24.
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Chipotle Mexican Grill (NYSE:CMG) trade information
Sporting -3.77% in the red in last session, 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 $56.38 or saw a rise of 7.25%. Year-to-date, Chipotle Mexican Grill shares have moved 23.26%, while the 5-day performance has seen it change -6.96%. Over the past 30 days, the shares of Chipotle Mexican Grill (NYSE:CMG) have changed -1.28%. Short interest in the company has seen 29.94 million shares shorted with days to cover at 3.41.
Wall Street analysts have a consensus price target for the stock at $59, which means that the shares’ value could jump 4.44% from current levels. The projected low price target is $32.0 while the price target rests at a high of $74.6. In that case, then, we find that the current price level is -32.32% off the targeted high while a plunge would see the stock lose 43.24% from current levels.
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 -11.88% over the past 6 months, with this year growth rate of 22.22%, compared to 1.00% for the industry. Revenue growth from the last financial year stood is estimated to be 14.70%.
26 analysts offering their estimates for the company have set an average revenue estimate of 2.85B for the current quarter. 22 have an estimated revenue figure of 3.06B for the next ending quarter. Year-ago sales stood 2.52B and 2.7B respectively for this quarter and the next, and analysts expect sales will grow by 13.20% for the current quarter and 14.70% for the next.
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 47.69% over the past 5 years. Earnings growth for 2024 is a modest 24.24% while over the next 5 years, the company’s earnings are expected to increase by 22.42%.
CMG Dividends
Chipotle Mexican Grill is expected to release its next earnings report in December 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 0.69% of the company shares, while shares held by institutions stand at 89.17% with a share float percentage of 89.79%. Investors are also buoyed by the number of investors in a company, with Chipotle Mexican Grill having a total of 1945.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 119.81 million shares worth more than $7.51 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.7309% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 109.51 million shares as of 2024-06-30. The firm’s total holdings are worth over $6.86 billion and represent 7.9808% of shares outstanding.
