Chipotle Mexican Grill (NYSE: CMG) Stock: Can It Go Higher?

In today’s recent session, 3.02 million shares of the Chipotle Mexican Grill (NYSE:CMG) have been traded, and its beta is 1.06. Most recently the company’s share price was $52.64, and it changed around $2.4 or 4.78% from the last close, which brings the market valuation of the company to $70.93B. CMG at last check was trading at a discount to its 52-week high of $69.26, offering almost -31.57% off that amount. The share price’s 52-week low was $44.46, which indicates that the recent value has risen by an impressive 15.54% since then.

Chipotle Mexican Grill stock received a consensus recommendation rating of Buy, based on a mean score of 1.73. If we narrow it down even further, the data shows that 0 out of 35 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 10 recommended CMG as a Hold, whereas 20 deemed it a Buy, and 1 rated it as Underweight.

Chipotle Mexican Grill (NYSE:CMG) trade information

Instantly CMG has been showing a green trend so far today with a performance of 4.78% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 52.53 on recent trading daydecreased the stock’s daily price by -0.21%. The company’s shares are currently down -12.70% year-to-date, but still up 2.96% over the last five days. On the other hand, Chipotle Mexican Grill (NYSE:CMG) is 1.16% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $65, which translates to bulls needing to increase their stock price by 19.02% from its current value. Analyst projections state that CMG is forecast to be at a low of $47 and a high of $65.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 35.11%. Chipotle Mexican Grill earnings are expected to increase by 8.31% in 2025, but the outlook is positive 14.67% per year for the next five years.

CMG Dividends

Chipotle Mexican Grill’s next quarterly earnings report is expected to be released in July.

BLACKROCK INC., with 7.9773% or 109.51 million shares worth $6.86 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.

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