What's Going On With Chipotle Mexican Grill Stock Thursday?

Chipotle Mexican Grill, Inc. CMG shares are trading lower on Thursday. The company is expected to release quarterly earnings next week on July 24.

What To Know: For the 2024 fiscal year second quarter, analyst estimates revenue of $2.93 billion and EPS of 32 cents per data from Benzinga Pro.

Some stocks in the restaurant and fast food space may also be under pressure following mixed quarterly results from Domino’s Pizza DPZ

Analyst Changes: Multiple analyst have covered the company’s stock over the last three days.

• On Tuesday, Piper Sandler analyst Brian Mullan maintained Chipotle Mexican Grill with a Neutral and lowered the price target from $61.4 to $60.
• On Wednesday, Citigroup analyst Jon Tower maintained Chipotle Mexican Grill with a Buy and raised the price target from $67.38 to $71.

Chipotle stock is trading below its 50 day moving average of $62.59. In addition, the stock is trading in the middle of its 52 week range of $35.37 to $69.26. In terms of session volume, the stock is trading at about 9.33 million. It is well below its average of approximately 16.16 million.

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CMG Price Action: At the time of publication, Chipotle stock is trading 4.4% lower at $52.86, according to data from Benzinga Pro.

Image: Photo via Shutterstock.