Chipotle Mexican Grill (NYSE: CMG) has a higher price-to-earnings ratio of 50.51x compared to its average ratio, The 36-month beta value for CMG is at 1.26. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 23 as “hold,” and 4 as “sell.”
The public float for CMG is 1.36B, and currently, shorts hold a 2.33% of that float. The average trading volume for CMG on August 02, 2024 was 17.46M shares.
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CMG) stock’s latest price update
The stock price of Chipotle Mexican Grill (NYSE: CMG) has dropped by -3.57 compared to previous close of 53.46. Despite this, the company has seen a gain of 3.45% in its stock price over the last five trading days. fool.com reported 2024-08-02 that Chipotle reported strong earnings numbers in July. The company expects some margin compression for the current quarter.
CMG’s Market Performance
Chipotle Mexican Grill (CMG) has seen a 3.45% rise in stock performance for the week, with a -16.29% decline in the past month and a -17.97% plunge in the past quarter. The volatility ratio for the week is 3.71%, and the volatility levels for the past 30 days are at 3.37% for CMG. The simple moving average for the past 20 days is -6.25% for CMG’s stock, with a -2.49% simple moving average for the past 200 days.
Analysts’ Opinion of CMG
Many brokerage firms have already submitted their reports for CMG stocks, with Evercore ISI repeating the rating for CMG by listing it as a “Outperform.” The predicted price for CMG in the upcoming period, according to Evercore ISI is $72 based on the research report published on July 16, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see CMG reach a price target of $3730. The rating they have provided for CMG stocks is “Buy” according to the report published on June 13th, 2024.
Truist gave a rating of “Buy” to CMG, setting the target price at $3520 in the report published on May 29th of the current year.
CMG Trading at -14.19% from the 50-Day Moving Average
After a stumble in the market that brought CMG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.57% of loss for the given period.
Volatility was left at 3.37%, however, over the last 30 days, the volatility rate increased by 3.71%, as shares sank -18.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.98% lower at present.
During the last 5 trading sessions, CMG rose by +3.17%, which changed the moving average for the period of 200-days by +41.98% in comparison to the 20-day moving average, which settled at $54.42. In addition, Chipotle Mexican Grill saw 12.70% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CMG starting from CURTIS E GARNER, who proposed sale 60,239 shares at the price of $50.96 back on Jul 29 ’24. After this action, CURTIS E GARNER now owns shares of Chipotle Mexican Grill, valued at $3,069,563 using the latest closing price.
Garner Curtis E, the Chief Customer & Techlgy Ofcr of Chipotle Mexican Grill, sale 60,239 shares at $50.96 during a trade that took place back on Jul 29 ’24, which means that Garner Curtis E is holding 358,300 shares at $3,069,563 based on the most recent closing price.
Stock Fundamentals for CMG
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.26 for the gross margin
The net margin for Chipotle Mexican Grill stands at 0.13. The total capital return value is set at 0.23. Equity return is now at value 43.54, with 17.12 for asset returns.
Based on Chipotle Mexican Grill (CMG), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 1.15. The interest coverage ratio of the stock is -202.61.
Currently, EBITDA for the company is 2.03 billion with net debt to EBITDA at 1.57. When we switch over and look at the enterprise to sales, we see a ratio of 6.96. The receivables turnover for the company is 63.07for trailing twelve months and the total asset turnover is 1.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.71.
Conclusion
In conclusion, Chipotle Mexican Grill (CMG) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
