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The closing price of Chipotle Mexican Grill (NYSE: CMG) was $54.32 for the day, up 1.29% from the previous closing price of $53.63. In other words, the price has increased by $1.29 from its previous closing price. On the day, 9.29 million shares were traded. CMG stock price reached its highest trading level at $54.89 during the session, while it also had its lowest trading level at $53.74.
Ratios:
Our analysis of CMG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 49.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 57.16. 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 this company, Evercore ISI on July 16, 2024, Reiterated its Outperform rating but revised its target price to $72 from $3600 previously.
On June 13, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $3730.
Truist reiterated its Buy rating for the stock on May 29, 2024, while the target price for the stock was revised from $3440 to $3520.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 06 ’24 when CURTIS E. GARNER bought 17,394 shares for $54.68 per share.
Garner Curtis E sold 17,394 shares of CMG for $951,161 on Aug 06 ’24. The Chief Customer & Techlgy Ofcr now owns 358,300 shares after completing the transaction at $54.68 per share. On Jul 29 ’24, another insider, CURTIS E GARNER, who serves as the Officer of the company, bought 60,239 shares for $50.96 each.
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 74390151168 and an Enterprise Value of 77178880000. As of this moment, Chipotle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 53.23, and their Forward P/E ratio for the next fiscal year is 41.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.98 while its Price-to-Book (P/B) ratio in mrq is 20.07. Its current Enterprise Value per Revenue stands at 7.238 whereas that against EBITDA is 36.038.
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 -8.37%, while the 200-Day Moving Average is calculated to be 2.12%.
Shares Statistics:
CMG traded an average of 17.68M shares per day over the past three months and 16791440 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 0.67% of the company’s shares, while institutions hold 94.13% stake in the company. Shares short for CMG as of 1721001600 were 31630505 with a Short Ratio of 1.79, compared to 1718323200 on 44784450. Therefore, it implies a Short% of Shares Outstanding of 31630505 and a Short% of Float of 2.32.
