Shares of Chipotle Mexican Grill Inc. (NYSE:CMG) traded at a new 52-week high today of $1606.17. So far today approximately 51,000 shares have been exchanged, as compared to an average 30-day volume of 297,000 shares.
Based on a current price of $1601.02, Chipotle Mexican Grill Inc. is currently 15.9% above its average consensus analyst price target of $1345.90.
Over the past year, Chipotle Mexican Grill Inc. has traded in a range of $1067.59 to $1606.17 and is now at $1601.02, 50% above that low.
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales approaching $6 billion in 2020. The Mexican concept is entirely company-owned, with a footprint of 2,800 stores heavily indexed to the United States, though the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
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