A share price of Chipotle Mexican Grill [CMG] is currently trading at $62.41, down -5.24%. An important factor to consider is whether the stock is rising or falling in short-term value. The CMG shares have lost -2.92% over the last week, with a monthly amount drifted -1.06%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Chipotle Mexican Grill [NYSE: CMG] stock has seen the most recent analyst activity on June 13, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $3730. Previously, Truist reaffirmed its Buy rating on May 29, 2024, and elevated its price target to $3520. On May 22, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $3485 on the stock. Oppenheimer reiterated its Outperform rating and increased its price target to $3300 on April 25, 2024. Argus reiterated a Buy rating for this stock on April 04, 2024, and upped its price target to $3366. In a note dated March 28, 2024, BTIG Research reiterated an Buy rating on this stock and boosted its target price from $2750 to $3250.
Chipotle Mexican Grill experienced fluctuations in its stock price throughout the past year between $35.37 and $69.26. Currently, Wall Street analysts expect the stock to reach $2446.67 within the next 12 months. Chipotle Mexican Grill [NYSE: CMG] shares were valued at $62.41 at the most recent close of the market. An investor can expect a potential return of 3820.32% based on the average CMG price forecast.
Analyzing the CMG fundamentals
Trailing Twelve Months sales for Chipotle Mexican Grill [NYSE:CMG] were 10.20B which represents 14.07% growth. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.43 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 60.87 points at the first support level, and at 59.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.92, and for the 2nd resistance point, it is at 67.43.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Chipotle Mexican Grill [NYSE:CMG] is 1.65. On the other hand, the Quick Ratio is 1.61, and the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 8.40, the price to book ratio is 25.50 and price to earnings (TTM) ratio is 2.59.
Transactions by insiders
Recent insider trading involved Hartung Jack, Chief Financial & Admn Officer, that happened on Jun 13 ’24 when 2461.0 shares were sold. Chairman, CEO, Niccol Brian R completed a deal on Apr 26 ’24 to sell 6406.0 shares. Meanwhile, Chief Legal Officer & GC Theodoredis Roger E sold 2509.0 shares on Apr 26 ’24.
