The company’s stock has experienced significant highs and lows as evidenced by its one-year low of $1,196.28 and one-year high of $1,754.56. The stock is currently trading above the 50-day moving average price at $1,608.95 and the two-hundred day moving average price of $1,539.64.
Several research analysts have given their opinion on the CMG stock recently with varying ratings and price targets. Wells Fargo & Company gave the stock an “overweight” rating with an increased target price from $1,800 to $1,900 while Morgan Stanley gave it an “equal weight” rating and decreased its target price from $1847 to $1664.
Chipotle Mexican Grill, a fast-casual dining chain, opened at $1,685.21 on Friday, April 7th, with a market capitalization of $46.55 billion. The company’s price-to-earnings (PE) ratio stood at 52.56 with a beta of 1.32 and price-to-earnings-growth (PEG) ratio of 1.59.
Chipotle Mexican Grill received buy ratings from Citigroup which raised its target price from $1986 to $2084 and Raymond James that increased its target prices from $1750-$1900 respectively in their research notes on Wednesday, February 8th.
Over time several Institutional investors have made changes to their positions in the company who purchased new stakes in the restaurant operator’s stock last quarter for approximately $28k and $44k respectively.
CMG last posted quarterly earnings results on Tuesday, February 7th reporting EPS of $8.29 which missed consensus estimate by ($0.59). Chipotle Mexican Grill had a net margin of 10.41% with revenue up 11% compared to the same quarter last year.
KGOO Corporation 