Chipotle Mexican Grill, Inc. (NYSE:CMG) is in the spotlight Tuesday ahead of earnings tomorrow. Here's what you need to know.
The Details: Chipotle will report earnings for the 2024 fiscal-year second quarter on Wednesday after the market closes. Analysts estimate an EPS of 32 cents and revenue of $2.93 billion.
The stock is trading around $53 which is below its 50 day moving average of $61.97 and towards the middle of its 52 week range. Chipotle's 52 week range is from $35.37 to $69.26.
How To Buy Chipotle Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Chipotle Mexican Grill (NYSE:CMG)'s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
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CMG Price Action: Chipotle stock is trading .1.33% lower at $52.85 at the time of publication per data from Benzinga Pro.
Image: Courtesy of Chipotle