Chipotle Mexican Grill [CMG] stock prices are up 2.06% to $60.49 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CMG shares have gain 7.67% over the last week, with a monthly amount glided 2.04%, and 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 August 14, 2024, when Wedbush upgraded its rating to a Outperform and also boosted its price target to $58 from $54. Previously, Evercore ISI reaffirmed its Outperform rating on July 16, 2024, and dropped its price target to $72. On June 13, 2024, Goldman initiated with a Buy rating and assigned a price target of $3730 on the stock. Truist reiterated its Buy rating and increased its price target to $3520 on May 29, 2024. Oppenheimer reiterated its recommendation of a Outperform and raised its price target to $3485 on May 22, 2024. Oppenheimer reiterated a Outperform rating for this stock on April 25, 2024, and upped its price target to $3300.
The stock price of Chipotle Mexican Grill [CMG] has been fluctuating between $42.28 and $69.26 over the past year. Currently, Wall Street analysts expect the stock to reach $55.52 within the next 12 months. Chipotle Mexican Grill [NYSE: CMG] shares were valued at $60.49 at the most recent close of the market. An investor can expect a potential drop of -8.22% based on the average CMG price forecast.
Analyzing the CMG fundamentals
The Chipotle Mexican Grill [NYSE:CMG] reported sales of 10.98B for trailing twelve months, representing a surge of 13.01%. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.43 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.24.
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 59.51 points at the first support level, and at 58.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.12, and for the 2nd resistance point, it is at 61.75.
Ratios To Look Out For
It’s worth pointing out that Chipotle Mexican Grill [NYSE:CMG]’s Current Ratio is 1.62. Further, the Quick Ratio stands at 1.57, while the Cash Ratio is 0.67. Considering the valuation of this stock, the price to sales ratio is 7.50, the price to book ratio is 22.82 and price to earnings (TTM) ratio is 56.22.
Transactions by insiders
Recent insider trading involved Brandt Christopher W, Officer, that happened on Nov 12 ’24 when 20000.0 shares were purchased. Officer, BRIAN R. NICCOL completed a deal on Nov 11 ’24 to buy 96636.0 shares. Meanwhile, Chief Customer & Techlgy Ofcr Garner Curtis E sold 15750.0 shares on Nov 07 ’24.
