While Chipotle Mexican Grill has overperformed by 0.39%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CMG rose by 44.52%, with highs and lows ranging from $69.26 to $44.08, whereas the simple moving average jumped by 10.71% in the last 200 days.
On November 15, 2024, RBC Capital Mkts started tracking Chipotle Mexican Grill (NYSE: CMG) recommending Outperform. A report published by Wedbush on August 14, 2024, Upgraded its rating to ‘Outperform’ for CMG. Evercore ISI also reiterated CMG shares as ‘Outperform’, quoting a target price of $72 on the company’s shares in a report dated July 16, 2024. Goldman Initiated an Buy rating on June 13, 2024, and assigned a price target of $3730. Truist resumed its ‘Buy’ rating for CMG, as published in its report on May 29, 2024. Oppenheimer’s report from May 22, 2024 suggests a price prediction of $3485 for CMG shares, giving the stock a ‘Outperform’ rating. Oppenheimer also rated the stock as ‘Outperform’.
Analysis of Chipotle Mexican Grill (CMG)
Further, the quarter-over-quarter increase in sales is 13.01%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Chipotle Mexican Grill’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 45.67% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.57, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CMG is recording an average volume of 9.59M. On a monthly basis, the volatility of the stock is set at 2.14%, whereas on a weekly basis, it is put at 2.21%, with a gain of 6.38% over the past seven days. Furthermore, long-term investors anticipate a median target price of $66.71, showing growth from the present price of $64.83, which can serve as yet another indication of whether CMG is worth investing in or should be passed over.
How Do You Analyze Chipotle Mexican Grill Shares?
A leading company in the Restaurants sector, Chipotle Mexican Grill (CMG) is based in the USA. When comparing Chipotle Mexican Grill shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 60.25, there is a growth in quarterly earnings of 24.52%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.84%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 86.04% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CMG shares are owned by institutional investors to the tune of 86.04% at present.
