The trading price of Chipotle Mexican Grill Inc. (NYSE:CMG) floating higher at last check on Wednesday, July 21, closing at $1732.14, 10.02% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $1,556.71 and $1,587.12. The company’s P/E ratio in the trailing 12-month period was 110.53, while its 5Y monthly beta was 1.35. In examining the 52-week price action we see that the stock hit a 52-week high of $1626.57 and a 52-week low of $1094.93. Over the past month, the stock has gained 12.48% in value.
Chipotle Mexican Grill Inc., whose market valuation is $44.93 billion at the time of this writing, is expected to release its quarterly earnings report Oct 19, 2021 – Oct 25, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $6.49 per share this quarter, however they have predicted annual earnings per share of $24.48 for 2021 and $32.44 for 2022. It means analysts are expecting annual earnings per share growth of 128.10% this year and 32.50% next year.
Analysts have forecast the company to bring in revenue of $1.88 billion for the current quarter, with the likely lows of $1.84 billion and highs of $1.92 billion. The average estimate suggests sales will likely up by 40.70% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $7.37 billion. The company’s revenue is forecast to grow by 23.10% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Chipotle Mexican Grill Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest CMG has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CMG a recommendation rating is 32. Out of them, 11 rate it a Hold, while 19 recommend Buy, whereas 1 assign an Overweight rating. 1 analyst(s) have tagged Chipotle Mexican Grill Inc. (CMG) as Underweight, while 0 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.00, which symbolizes a positive outlook. A quick review shows that CMG’s price is currently 11.62% off the SMA20 and 20.79% off the SMA50. The RSI metric on the 14-day chart is currently showing 77.23, and weekly volatility stands at 2.13%. When measured over the past 30 days, the indicator reaches 1.94%. Chipotle Mexican Grill Inc. (NYSE:CMG)’s beta value is currently sitting at 1.35, while the Average True Range indicator is currently displaying 31.28. With analysts defining $1460.00-$2100.00 as the low and high price targets, we arrive at a consensus price target of $1763.08 for the trailing 12-month period. The current price is about 15.71% off the estimated low and -21.24% off the forecast high, based on this estimate. Investors will be thrilled if CMG’s share price rises to $1800.00, which is the median consensus price. At that level, CMG’s share price would be -3.92% below current price.
To see how Chipotle Mexican Grill Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: CMG stock’s performance was 10.02% at last check in today’s session, and 35.29% in the past year, while Domino’s Pizza Inc. (DPZ) has been trading -0.90% in recent session and positioned 21.34% higher than it was a year ago. Another comparable company McDonald’s Corporation (MCD) saw its stock trading 0.80% higher in today’s session but was up 22.26% in a year. Furthermore, Fiesta Restaurant Group Inc. (FRGI) showed an increase of 2.51% today while its price kept inclining at 105.45% over the past year. Chipotle Mexican Grill Inc. has a P/E ratio of 110.53, compared to Domino’s Pizza Inc.’s 38.50 and McDonald’s Corporation’s 34.07. Also during today’s trading, the S&P 500 Index has surged 0.60%, while the Dow Jones Industrial also saw a positive session, up 0.66% today.
An evaluation of the daily trading volume of Chipotle Mexican Grill Inc. (NYSE:CMG) indicates that the 3-month average is 288.89K. However, this figure has increased over the past 10 days to an average of 0.27 million.
Currently, records show that 28.12 million of the company’s shares remain outstanding. The insiders hold 0.70% of outstanding shares, whereas institutions hold 92.00%. The stats also highlight that short interest as of May 27, 2021, stood at 0.79 million shares, resulting in a short ratio of 3.13 at that time. From this, we can conclude that short interest is 2.80% of the company’s total outstanding shares. It is noteworthy that short shares in May were up slightly from the previous month’s figure, which was 0.63 million. However, since the stock’s price has seen 13.53% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.