Chipotle Mexican Grill [NYSE: CMG] price plunged by -0.47 percent to reach at -$0.29.
The one-year CMG stock forecast points to a potential upside of 9.09. The average equity rating for CMG stock is currently 1.81, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $67.74 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 1.81. 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.
RBC Capital Mkts have made an estimate for Chipotle Mexican Grill shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 15, 2024. While these analysts kept the previous recommendation, Wedbush raised their target price from $54 to $58. The new note on the price target was released on August 14, 2024, representing the official price target for Chipotle Mexican Grill stock. Previously, the target price had yet another drop from $3600 to $72, while Evercore ISI kept a Outperform rating on CMG stock.
The Average True Range (ATR) for Chipotle Mexican Grill is set at 1.48, with the Price to Sales ratio for CMG stock in the period of the last 12 months amounting to 7.65. The Price to Book ratio for the last quarter was 23.24, with the Price to Cash per share for the same quarter was set at 1.00. Price to Free Cash Flow for CMG in the course of the last twelve months was 67.21 with Quick ratio for the last quarter at 1.57.
CMG Stock Performance Analysis:
Chipotle Mexican Grill [CMG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.97. With this latest performance, CMG shares gained by 2.67% in over the last four-week period, additionally sinking by -6.21% over the last 6 months – not to mention a rise of 33.46% 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 46.72, with the RSI for the last a single of trading hit 40.31, and the three-weeks RSI is set at 49.94 for Chipotle Mexican Grill [CMG]. The present Moving Average for the last 50 days of trading for this stock 60.68, while it was recorded at 62.16 for the last single week of trading, and 59.00 for the last 200 days.
Insight into Chipotle Mexican Grill Fundamentals:
Chipotle Mexican Grill’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.57 and a Current Ratio set at 1.62.
CMG Stock EPS
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 22.42%.
Chipotle Mexican Grill [CMG] Institutonal Ownership Details
There are presently around $86.91%, or 87.52%% 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%.
