Chipotle Mexican Grill, Inc. (NYSE: CMG) Stock lost $6.84 on the June 23 trading session. The stock opened trading at $2037.72, dipping to $2037.01, hitting a high of $2059.09, and finally closed trading at $2043.68, with an intraday trading volume of 721,253.
In the past week, CMG Stock fell by over 1.08%, and in a month, the price declined by more than 0.06%. However, in a quarter, prices of the stock showed an uptrend of 24.92%, and in the past six months, a 45.95% surge can be observed in the prices.
The trading volume of June 23 reflected a majority of buyers compared to sellers in the session. As per analysts, the current movement of CMG Stock is suitable for selling. However, after analyzing the technical indicators, it is also easy to claim that it is an excellent time to buy and hold more and more stocks for long-term profit.
In the 52-week trading session, the stock’s highest traded price was $2059 while its lowest traded price was $1233.61. CMG Stock is predicted to open below its last closing prices.
Chipotle Mexican Grill, Inc.’s overall market capitalization is $56.385 billion, with an average trading volume of 283,863. The annual price target of CMG Stock is $2132.41.
Relatedly, National Bank of Canada recently revealed in its SEC filing that it had sold a significant portion of Chipotle Mexican Grill, Inc. shares held by it.
Chipotle Mexican Grill, Inc (NYSE: CMG) Earnings and Revenue
In Q1 2023, Chipotle Mexican Grill, Inc reported 1.24% additional revenue compared to the estimated figures. The estimated revenue for the quarter was $2.34 Billion,while the reported revenue was $2.37 Billion.
The company is expected to report $2.53 billion in Q2 and $2.52 billion in Q3. Earnings Per Share (EPS) in Q1 2023 surged over 17.27%, and the estimated EPS for Q2 2023 is $12.10.
As per available data, 27.397 million CMG shares are free-floating, and 192,577 shares are closely held by financial backers or the company’s board members. The company’s revenue to a profit conversion constitutes 21% gross profit, 17% Ebitda, 14% EBIT and 10% net income.
Chipotle Mexican Grill, Inc.’s significant income is generated from food, beverages, and delivery services. The food chain company majorly operates in the United States and other regions.
In the short-term, Chipotle Mexican Grills, Inc’s total assets are $1.18 billion and liabilities $921.88 million. In the long-term, the company’s total assets are worth $6.81 billion and liabilities are worth $4.70 billion.
Over 1,000 institutions hold shares of Chipotle Mexican Grill, Inc. and some of them are Vanguard Group Inc, Blackrock Inc, State Street Corp, Capital World Investors, Edgewood Management Llc, Geode Capital Management, LLC, JPMorgan Chase & Co, Price T Rowe Associates Inc/ MD.
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Source: https://www.thecoinrepublic.com/2023/06/26/cmg-stock-lost-6-intraday-nb-canada-lowered-its-shares/