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As of close of business last night, Chipotle Mexican Grill’s stock clocked out at $55.63, down -0.25% from its previous closing price of $55.77. In other words, the price has decreased by -$0.25 from its previous closing price. On the day, 10.68 million shares were traded. CMG stock price reached its highest trading level at $56.485 during the session, while it also had its lowest trading level at $55.54.
Ratios:
To gain a deeper understanding of CMG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 51.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 58.54. For the most recent quarter (mrq), Quick Ratio is recorded 1.68 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 1.15 whereas as Long-Term Debt/Eq ratio is at 1.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wedbush on August 14, 2024, Upgraded its rating to Outperform and sets its target price to $58 from $54 previously.
On July 16, 2024, Evercore ISI reiterated its Outperform rating and also upped its target price recommendation from $3600 to $72.
On June 13, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $3730.Goldman initiated its Buy rating on June 13, 2024, with a $3730 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 06 ’24 when Garner Curtis E sold 17,394 shares for $54.68 per share. The transaction valued at 951,161 led to the insider holds 358,300 shares of the business.
CURTIS E. GARNER bought 17,394 shares of CMG for $951,160 on Aug 06 ’24. On Jul 29 ’24, another insider, Garner Curtis E, who serves as the Chief Customer & Techlgy Ofcr of the company, sold 60,239 shares for $50.96 each. As a result, the insider received 3,069,563 and left with 358,300 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CMG now has a Market Capitalization of 76184166400 and an Enterprise Value of 78972895232. As of this moment, Chipotle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 54.51, and their Forward P/E ratio for the next fiscal year is 42.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.14 while its Price-to-Book (P/B) ratio in mrq is 20.55. Its current Enterprise Value per Revenue stands at 7.406 whereas that against EBITDA is 36.876.
Stock Price History:
Over the past 52 weeks, CMG has reached a high of $69.26, while it has fallen to a 52-week low of $35.37. The 50-Day Moving Average of the stock is -1.44%, while the 200-Day Moving Average is calculated to be 2.44%.
Shares Statistics:
It appears that CMG traded 20.23M shares on average per day over the past three months and 13722090 shares per day over the past ten days. A total of 1.37B shares are outstanding, with a floating share count of 1.36B. Insiders hold about 0.68% of the company’s shares, while institutions hold 88.94% stake in the company. Shares short for CMG as of 1723680000 were 32187096 with a Short Ratio of 1.59, compared to 1721001600 on 31630505. Therefore, it implies a Short% of Shares Outstanding of 32187096 and a Short% of Float of 2.3699999.
