Chipotle Mexican Grill Inc. (NYSE:CMG) traded at a new 52-week high today of $1806.66. So far today approximately 228,000 shares have been exchanged, as compared to an average 30-day volume of 324,000 shares.
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.
In the past 52 weeks, shares of Chipotle Mexican Grill Inc. have traded between a low of $1094.92 and a high of $1806.66 and is now at $1799.98, which is 64% above that low price.
Based on a current price of $1799.98, Chipotle Mexican Grill Inc. is currently 40.7% above its average consensus analyst price target of $1067.96.
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