In the latest trading session, 7.7 million Chipotle Mexican Grill (NYSE:CMG) shares changed hands as the company’s beta touched 1.26. With the company’s most recent per share price at $57.43 changed hands at -$1.59 or -2.69% at last look, the market valuation stands at $78.26B. CMG’s current price is a discount, trading about -20.6% off its 52-week high of $69.26. The share price had its 52-week low at $47.98, which suggests the last value was 16.45% up since then. When we look at Chipotle Mexican Grill’s average trading volume, we note the 10-day average is 10.54 million shares, with the 3-month average coming to 8.88 million.
Analysts gave the Chipotle Mexican Grill (CMG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.78. 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 0.29.
Chipotle Mexican Grill (NYSE:CMG) trade information
Instantly CMG was in red as seen in intraday trades today. With action -1.44%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -4.76%, with the 5-day performance at -1.44% in the red. However, in the 30-day time frame, Chipotle Mexican Grill (NYSE:CMG) is -3.80% down. Looking at the short shares, we see there were 24.3 million shares sold at short interest cover period of 3.2 days.
The consensus price target for the stock as assigned by Wall Street analysts is 60, meaning bulls need an upside of 4.28% from its recent market value. According to analyst projections, CMG’s forecast low is 56 with 72 as the target high. To hit the forecast high, the stock’s price needs a -25.37% plunge from its current level, while the stock would need to tank 2.49% 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 10.06% over the past 6 months, a 16.96% in annual growth rate that is considerably higher than the industry average of 4.70%. Year-over-year growth is forecast to reach 12.12% up from the last financial year.
Consensus estimates given by 27 financial analysts project the company’s revenue in the current quarter to hit an average of 2.99B. 27 analysts are of the opinion that Chipotle Mexican Grill’s revenue for the current quarter will be 3.29B. The company’s revenue for the corresponding quarters a year ago was 2.7B and 2.97B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 10.65%. The estimates for the next quarter sales put growth at 10.56%.
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 2025 estimates are for Chipotle Mexican Grill earnings to increase by 15.89%, but the outlook for the next 5-year period is at 18.06% per year.
CMG Dividends
Chipotle Mexican Grill is expected to release its next quarterly earnings report in March.
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 86.97% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 87.57%. There are 86.97% 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 Sep 30, 2024 were Vanguard 500 Index Fund and Vanguard Growth Index Fund. With 35.87 shares estimated at $2.02 billion under it, the former controlled 0.00% of total outstanding shares. On the other hand, Vanguard Growth Index Fund held about 0.00% of the shares, roughly 14.32 shares worth around $807.11 million.
