Reasons Behind the Market Downturn and Chipotle Mexican Grill's (CMG) Gain Today

Reported about 1 year ago

Chipotle Mexican Grill's stock price increased by +0.38% to $62.65, outperforming the S&P 500's loss of 0.41%. Despite a positive monthly gain of 0.47%, CMG lags behind the Retail-Wholesale sector and S&P 500. Investors are eagerly awaiting CMG's upcoming earnings report on July 24, 2024, predicting a 24% EPS growth. Analysts' forecast revisions can impact stock price performance, with Zacks Rank rating CMG as a #3 (Hold). CMG's high forward P/E ratio of 56.43 compares to the industry's 20.02, while the industry's average PEG ratio stands at 1.78.

Source: YAHOO

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