Chipotle Mexican Grill Inc. (NYSE:CMG) traded at a new 52-week high today of $1504.90. This new high was reached on below average trading volume as 92,000 shares traded hands, while the average 30-day volume is approximately 282,000 shares.
Chipotle Mexican Grill Inc. (NYSE:CMG) has potential upside of 41.9% based on a current price of $1491.19 and analysts’ consensus price target of $2115.27.
With $5.6 billion in systemwide sales during 2019, Chipotle Mexican Grill is the largest player in the $16 billion domestic fast-casual Mexican restaurant category. Its menu includes burritos, bowls, tacos, and salads, which are made from higher-quality ingredients than those typically found at quick-service restaurants. As of September, the firm operated more than 2,700 company-owned restaurants in the United States, Canada, the United Kingdom, France, and Germany.
In the past 52 weeks, shares of Chipotle Mexican Grill Inc. have traded between a low of $415.00 and a high of $1504.90 and is now at $1491.19, which is 259% above that low price.
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