Chipotle Mexican Grill [NYSE: CMG] loss -1.95% or -0.99 points to close at $49.83 with a heavy trading volume of 24492391 shares.
The daily chart for CMG points out that the company has recorded 7.77% gains over the past six months.
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If we look at the average trading volume of 17.05M shares, CMG reached to a volume of 24492391 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Chipotle Mexican Grill [CMG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CMG shares is $64.49 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CMG stock is a recommendation set at 1.92. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Evercore ISI have made an estimate for Chipotle Mexican Grill shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 16, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on June 13, 2024, representing the official price target for Chipotle Mexican Grill stock. Previously, the target price had yet another raise from $3440 to $3520, while Truist kept a Buy rating on CMG stock. On May 22, 2024, analysts increased their price target for CMG shares from 3300 to 3485.
The Average True Range (ATR) for Chipotle Mexican Grill is set at 1.90, with the Price to Sales ratio for CMG stock in the period of the last 12 months amounting to 6.40. The Price to Book ratio for the last quarter was 18.41, with the Price to Cash per share for the same quarter was set at 1.09. Price to Free Cash Flow for CMG in the course of the last twelve months was 52.44 with Quick ratio for the last quarter at 1.68.
Trading performance analysis for CMG stock
Chipotle Mexican Grill [CMG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.93. With this latest performance, CMG shares dropped by -24.34% in over the last four-week period, additionally plugging by 7.77% over the last 6 months – not to mention a rise of 19.33% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CMG stock in for the last two-week period is set at 22.60, with the RSI for the last a single of trading hit 16.28, and the three-weeks RSI is set at 27.65 for Chipotle Mexican Grill [CMG]. The present Moving Average for the last 50 days of trading for this stock 60.93, while it was recorded at 51.71 for the last single week of trading, and 52.53 for the last 200 days.
Chipotle Mexican Grill [CMG]: A deeper dive into fundamental analysis
Chipotle Mexican Grill’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.68 and a Current Ratio set at 1.71.
Chipotle Mexican Grill [CMG]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CMG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Chipotle Mexican Grill go to 21.18%.
An analysis of Institutional ownership at Chipotle Mexican Grill [CMG]
The top three institutional holders of CMG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CMG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CMG stock with ownership which is approximately 5.1238%.
