Stocks of Chipotle Mexican Grill (NYSE:CMG) traded higher last session on Wall Street, down -1.08% to $58.35.
CMG stock price is now -3.51% away from the 50-day moving average and -1.31% away from the 200-day moving average. The market capitalization of the company currently stands at $79.51B.
On August 14, 2024, Wedbush Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $54 to quote $58, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Garner Curtis E, Chief Customer & Techlgy Ofcr sold 15,750 shares of the company’s stock on Jan 07 ’25. The stock was sold for $917,261 at an average price of $58.24. Upon completion of the transaction, the Chief Customer & Techlgy Ofcr now directly owns 410,514 shares in the company, valued at $23.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 07 ’25, Officer Curtis E. Garner bought 47,250 shares of the business’s stock. A total of $2,778,300 was incurred on buying the stock at an average price of $58.80. A total of 0.77% of the company’s stock is owned by insiders.
During the past 12 months, Chipotle Mexican Grill has had a low of $47.98 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 $82684551168, which is based on a 54.23 price-to-earnings ratio, a 2.64 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for CMG is $60.4752 and a two-hundred day moving average price translates $59.12746 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.
