Chipotle Mexican Grill (NYSE:CMG) Releases Quarterly Earnings Results, Beats Estimates By $0.69 EPS

Chipotle Mexican Grill (NYSE:CMG) issued its quarterly earnings results on Tuesday. The restaurant operator reported $3.82 EPS for the quarter, topping the consensus estimate of $3.13 by $0.69, RTT News reports. Chipotle Mexican Grill had a net margin of 4.80% and a return on equity of 21.50%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the company posted $2.16 earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year.

NYSE CMG traded down $20.47 during trading hours on Tuesday, reaching $831.07. The company’s stock had a trading volume of 1,013,178 shares, compared to its average volume of 574,982. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The business has a 50-day simple moving average of $824.58 and a 200 day simple moving average of $759.74. Chipotle Mexican Grill has a 52 week low of $383.20 and a 52 week high of $857.90. The stock has a market cap of $23.33 billion, a PE ratio of 91.73, a PEG ratio of 3.40 and a beta of 0.70.

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Chipotle Mexican Grill from $650.00 to $705.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Loop Capital increased their price target on shares of Chipotle Mexican Grill to $950.00 and gave the stock a “buy” rating in a research report on Monday. SunTrust Banks increased their price target on shares of Chipotle Mexican Grill from $900.00 to $920.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus raised shares of Chipotle Mexican Grill to a “hold” rating and set a $755.00 price target on the stock in a research report on Wednesday, July 24th. Finally, Gordon Haskett raised shares of Chipotle Mexican Grill from an “underperform” rating to a “hold” rating and increased their price target for the stock from $620.00 to $740.00 in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $753.68.

In other Chipotle Mexican Grill news, Director Albert S. Baldocchi sold 1,164 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $775.00, for a total value of $902,100.00. Following the sale, the director now owns 72,756 shares in the company, valued at $56,385,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian R. Niccol sold 772 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $843.90, for a total transaction of $651,490.80. Following the completion of the sale, the chief executive officer now owns 26,634 shares in the company, valued at approximately $22,476,432.60. The disclosure for this sale can be found here. Insiders sold 113,531 shares of company stock worth $91,910,364 in the last three months. 2.21% of the stock is currently owned by corporate insiders.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Earnings History for Chipotle Mexican Grill (NYSE:CMG)

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