Chipotle Mexican Grill (NYSE:CMG) shares traded 0.26% higher at $58.88 on Wall Street last session.
CMG stock price is now 1.06% away from the 50-day moving average and 1.72% away from the 200-day moving average. The market capitalization of the company currently stands at $80.23B.
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, Brandt Christopher W, Chief Brand Officer sold 20,000 shares of the company’s stock on Nov 12 ’24. The stock was sold for $1,200,248 at an average price of $60.01. Upon completion of the transaction, the Chief Brand Officer now directly owns 145,000 shares in the company, valued at $8.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 12 ’24, Officer Brandt Christopher W bought 20,000 shares of the business’s stock. A total of $1,200,248 was incurred on buying the stock at an average price of $60.01. A total of 0.74% of the company’s stock is owned by insiders.
During the past 12 months, Chipotle Mexican Grill has had a low of $43.20 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 $83407282176, which is based on a 54.72 price-to-earnings ratio, a 2.44 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for CMG is $58.2612 and a two-hundred day moving average price translates $57.885162 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.
