In the latest trading session, 2.94 million Chipotle Mexican Grill (NYSE:CMG) shares changed hands as the company’s beta touched 1.28. With the company’s most recent per share price at $63.50 changing hands around $2.56 or 4.20% at last look, the market valuation stands at $86.52B. CMG’s current price is a discount, trading about -9.07% off its 52-week high of $69.26. The share price had its 52-week low at $44.08, which suggests the last value was 30.58% up since then. When we look at Chipotle Mexican Grill’s average trading volume, we note the 10-day average is 7.91 million shares, with the 3-month average coming to 9.58 million.
Analysts gave the Chipotle Mexican Grill (CMG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.81. If we narrow down to specifics, the data shows that 0 out of 26 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 8 recommended CMG as a Hold, 17 felt it is a Buy and 0 rated the stock as Underweight. Chipotle Mexican Grill’s EPS for the current quarter is expected to be 0.25.
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Chipotle Mexican Grill (NYSE:CMG) trade information
Instantly CMG is in green as seen in intraday trades today. With action 1.26%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 38.83%, with the 5-day performance at 1.26% in the green. However, in the 30-day time frame, Chipotle Mexican Grill (NYSE:CMG) is 12.63% up. Looking at the short shares, we see there were 27.32 million shares sold at short interest cover period of 2.5 days.
The consensus price target for the stock as assigned by Wall Street analysts is 65, meaning bulls need an upside of 2.31% from its recent market value. According to analyst projections, CMG’s forecast low is 56 with 74.6 as the target high. To hit the forecast high, the stock’s price needs a -17.48% plunge from its current level, while the stock would need to tank 11.81% for it to hit the projected low.
Chipotle Mexican Grill (CMG) estimates and forecasts
Data shows that the Chipotle Mexican Grill share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 0.86% over the past 6 months, a 23.33% in annual growth rate that is considerably higher than the industry average of 0.50%. Year-over-year growth is forecast to reach 14.65% up from the last financial year.
Consensus estimates given by 29 financial analysts project the company’s revenue in the current quarter to hit an average of 2.85B. 24 analysts are of the opinion that Chipotle Mexican Grill’s revenue for the current quarter will be 3.06B. The company’s revenue for the corresponding quarters a year ago was 2.52B and 2.7B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.20%. The estimates for the next quarter sales put growth at 13.13%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 47.69%. The 2024 estimates are for Chipotle Mexican Grill earnings to increase by 24.56%, but the outlook for the next 5-year period is at 22.42% per year.
CMG Dividends
Chipotle Mexican Grill is expected to release its next quarterly earnings report in January.
Chipotle Mexican Grill (NYSE:CMG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.69% of Chipotle Mexican Grill shares while 86.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 87.46%. There are 86.85% institutions holding the Chipotle Mexican Grill stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.7309% of the shares, roughly 119.81 million CMG shares worth $7.51 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.9808% or 109.51 million shares worth $6.86 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and SPDR S&P 500 ETF Trust. With 43.36 shares estimated at $2.75 billion under it, the former controlled 0.00% of total outstanding shares. On the other hand, SPDR S&P 500 ETF Trust held about 0.00% of the shares, roughly 16.63 shares worth around $1.05 billion.
