Chipotle Mexican Grill Inc. (CMG) Dips 6.15% for September 10

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday September 10 was Chipotle Mexican Grill Inc. (CMG). The stock experienced a 6.15% decline to $787.98 with 1.14 million shares changing hands.

Chipotle Mexican Grill Inc. started at an opening price of 839.31 and hit a high of $839.31 and a low of $779.78. Ultimately, the stock took a hit and finished the day at $51.67 per share. Chipotle Mexican Grill Inc. trades an average of 475,603 shares a day out of a total 27.72 million shares outstanding. The current moving averages are a 50-day SMA of $789.65 and a 200-day SMA of $652.84. Chipotle Mexican Grill Inc. hit a high of $857.90 and a low of $383.20 over the last year.

With $4.9 billion in systemwide sales during 2018, Chipotle Mexican Grill is the largest player in the $14 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 June, the firm operated more than 2,500 company-owned restaurants in the United States, Canada, the United Kingdom, France, and Germany.

With its headquarters located in Newport Beach, CA, Chipotle Mexican Grill Inc. employs 73,000 people. After today’s trading, the company’s market cap has fallen to $21.85 billionAs for its value, has a P/E ratio of <94.8, a P/S of 4.48, a P/B of 14.2, and a P/FCF of 71.4.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Chipotle Mexican Grill Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: CMG’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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