Chipotle Mexican Grill [NYSE: CMG] gained 0.52% on the last trading session, reaching $59.70 price per share at the time.
If compared to the average trading volume of 14.52M shares, CMG reached a trading volume of 6391471 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $64.63 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 1.83. 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.
Wedbush have made an estimate for Chipotle Mexican Grill shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 14, 2024. While these analysts kept the previous recommendation, Evercore ISI raised their target price from $3600 to $72. The new note on the price target was released on July 16, 2024, representing the official price target for Chipotle Mexican Grill stock. Previously, the target price had yet another raise to $3730, while Goldman analysts kept a Buy rating on CMG stock. On May 29, 2024, analysts increased their price target for CMG shares from 3440 to 3520.
The Average True Range (ATR) for Chipotle Mexican Grill is set at 1.17, with the Price to Sales ratio for CMG stock in the period of the last 12 months amounting to 7.67. The Price to Book ratio for the last quarter was 22.06, 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 62.82 with Quick ratio for the last quarter at 1.68.
Trading performance analysis for CMG stock
Chipotle Mexican Grill [CMG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.71. With this latest performance, CMG shares gained by 4.32% in over the last four-week period, additionally plugging by 3.49% over the last 6 months – not to mention a rise of 61.56% 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 62.06, with the RSI for the last a single of trading hit 65.26, and the three-weeks RSI is set at 59.18 for Chipotle Mexican Grill [CMG]. The present Moving Average for the last 50 days of trading for this stock 56.20, while it was recorded at 59.38 for the last single week of trading, and 56.58 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
With the latest financial reports released by the company, Chipotle Mexican Grill posted 0.23/share EPS, while the average EPS was predicted by analysts to be reported at 0.21/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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 22.16%.
An analysis of Institutional ownership at Chipotle Mexican Grill [CMG]
There are presently around $88.06%, or 88.67%% of CMG stock, in the hands of institutional investors. The top three institutional holders of CMG stocks are: VANGUARD GROUP INC with ownership of 119.81 million shares, which is approximately 8.7309%. BLACKROCK INC., holding 109.51 million shares of the stock with an approximate value of $$6.86 billion in CMG stocks shares; and BLACKROCK INC., currently with $$3.45 billion in CMG stock with ownership which is approximately 4.0146%.
