Chipotle Mexican Grill (CMG) Scheduled to Post Quarterly Earnings on Monday

Chipotle Mexican Grill (NYSE:CMG) is set to release its earnings data after the market closes on Monday, April 23rd. Analysts expect Chipotle Mexican Grill to post earnings of $1.60 per share for the quarter.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.02. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 EPS. On average, analysts expect Chipotle Mexican Grill to post $8 EPS for the current fiscal year and $11 EPS for the next fiscal year.

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Shares of CMG opened at $318.36 on Monday. The stock has a market capitalization of $9,079.57, a PE ratio of 48.24, a P/E/G ratio of 2.24 and a beta of 0.55. Chipotle Mexican Grill has a 52-week low of $247.51 and a 52-week high of $499.00.

In other news, Director Ali Namvar purchased 3,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were bought at an average cost of $317.70 per share, with a total value of $953,100.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pershing Square Capital Manage purchased 420,322 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of $318.14 per share, for a total transaction of $133,721,241.08. The disclosure for this purchase can be found here. Insiders have acquired a total of 423,822 shares of company stock worth $134,819,781 over the last ninety days. 2.19% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on CMG. Zacks Investment Research upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a report on Tuesday, April 10th. Piper Jaffray set a $355.00 price target on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a report on Tuesday, April 10th. Vetr downgraded shares of Chipotle Mexican Grill from a “sell” rating to a “strong sell” rating and set a $290.00 price target for the company. in a report on Monday, April 9th. BMO Capital Markets set a $275.00 price target on shares of Chipotle Mexican Grill and gave the company a “hold” rating in a report on Wednesday, March 28th. Finally, Goldman Sachs reiterated a “neutral” rating and issued a $285.00 price target (down previously from $330.00) on shares of Chipotle Mexican Grill in a report on Thursday, February 8th. Eight analysts have rated the stock with a sell rating, twenty-four have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $337.78.

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Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

Earnings History for Chipotle Mexican Grill (NYSE:CMG)

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