The price of Chipotle Mexican Grill (NYSE:CMG) shares last traded on Wall Street rose 2.06% to $60.49.
CMG stock price is now 4.90% away from the 50-day moving average and 5.04% away from the 200-day moving average. The market capitalization of the company currently stands at $82.42B.
With the price target enhanced from $54 to $58, Wedbush Upgraded its rating from Neutral to Outperform for Chipotle Mexican Grill (NYSE: CMG). On July 16, 2024, Evercore ISI reiterated its ‘Outperform’ rating on the stock by increasing its target price from $3600 to quote $72, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Brandt Christopher W, Officer bought 20,000 shares of the company’s stock on Nov 12 ’24. The stock was bought for $1,200,248 at an average price of $60.01. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, Officer BRIAN R. NICCOL bought 96,636 shares of the business’s stock. A total of $5,730,012 was incurred on buying the stock at an average price of $59.29. A total of 0.75% of the company’s stock is owned by insiders.
During the past 12 months, Chipotle Mexican Grill has had a low of $42.28 and a high of $69.26. As of last week, the company has a debt-to-equity ratio of 1.24, a current ratio of 1.62, and a quick ratio of 1.57. According to the stock market information, the enterprise value for the company is $85602738176, which is based on a 56.22 price-to-earnings ratio, a 2.51 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for CMG is $57.6634 and a two-hundred day moving average price translates $57.58511 for the stock.
The latest earnings results from Chipotle Mexican Grill (NYSE: CMG) was released for 2024-09-30. The net profit margin was 13.51% and return on equity was 45.67% for CMG. The company reported revenue of $2.79 billion for the quarter, compared to $2.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.01 percent.
