Shares of Chipotle Mexican Grill Inc. (NYSE:CMG) traded today at $1453.50, eclipsing its 52-week high. This new high was reached on below average trading volume as 146,000 shares traded hands, while the average 30-day volume is approximately 278,000 shares.
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 $1453.50 and is now at $1439.46, which is 247% above that low price.
Chipotle Mexican Grill Inc. (NYSE:CMG) has potential upside of 44.1% based on a current price of $1439.46 and analysts’ consensus price target of $2074.45.
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