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Chipotle Mexican Grill Inc. (CMG) – The 28.38% Upside Potential Remains

Chipotle Mexican Grill Inc. (NYSE: CMG) is -25.64% lower on its value in year-to-date trading and has touched a low of $1196.28 and a high of $1958.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CMG stock was last observed hovering at around $1265.84 in the last trading session, with the day’s gains setting it 34.15% off its average median price target of $1815.00 for the next 12 months. It is also 48.0% off the consensus price target high of $2500.00 offered by 33 analysts, but current levels are 2.62% higher than the price target low of $1335.00 for the same period.

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Currently trading at $1299.99, the stock is 0.50% and -1.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 2.70% at the moment leaves the stock -16.05% off its SMA200. CMG registered -17.82% loss for a year compared to 6-month loss of -16.35%. The firm has a 50-day simple moving average (SMA 50) of $4.99 and a 200-day simple moving average (SMA200) of $35.03.

The stock witnessed a 7.97% gain in the last 1 month and extending the period to 3 months gives it a -18.24%, and is -2.93% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.21% over the week and 3.23% over the month.

Chipotle Mexican Grill Inc. (CMG) has around 97660 employees, a market worth around $35.40B and $7.83B in sales. Current P/E ratio is 54.04 and Fwd P/E is 30.82. Profit margin for the company is 8.70%. Distance from 52-week low is 8.67% and -33.62% from its 52-week high. The company has generated returns on investments over the last 12 months (28.10%).

Chipotle Mexican Grill Inc. (CMG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Chipotle Mexican Grill Inc. (CMG) is a “Overweight”. 33 analysts offering their recommendations for the stock have an average rating of 1.90, where 9 rate it as a Hold and 3 think it is a “Overweight”. 21 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Chipotle Mexican Grill Inc. is expected to release its quarterly report on 10/20/2022.The EPS is expected to grow by 82.90% this year.

Chipotle Mexican Grill Inc. (CMG) Top Institutional Holders

The shares outstanding are 28.04M, and float is at 27.79M with Short Float at 3.90%.

Chipotle Mexican Grill Inc. (CMG) Insider Activity

A total of 62 insider transactions have happened at Chipotle Mexican Grill Inc. (CMG) in the last six months, with sales accounting for 37 and purchases happening 25 times. The most recent transaction is an insider sale by Garner Curtis E,the company’sChief Technology Officer. SEC filings show that Garner Curtis E sold 1,000 shares of the company’s common stock on Jun 09 at a price of $1382.47 per share for a total of $1.38 million. Following the sale, the insider now owns 16387.0 shares.

Chipotle Mexican Grill Inc. disclosed in a document filed with the SEC on Jun 01 that Theodoredis Roger E (Chief Legal Officer & GC) sold a total of 2,811 shares of the company’s common stock. The trade occurred on Jun 01 and was made at $1410.75 per share for $3.97 million. Following the transaction, the insider now directly holds 3863.0 shares of the CMG stock.

Still, SEC filings show that on May 27, Boatwright Scott (Chief Restaurant Officer) disposed off 2,857 shares at an average price of $1403.26 for $4.01 million. The insider now directly holds 9,266 shares of Chipotle Mexican Grill Inc. (CMG).

Chipotle Mexican Grill Inc. (CMG): Who are the competitors?

The company’s main competitors (and peers) include McDonald’s Corporation (MCD) that is trading 7.65% up over the past 12 months and Starbucks Corporation (SBUX) that is -33.08% lower over the same period. Yum! Brands Inc. (YUM) is 0.99% up on the 1-year trading charts.

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