Chipotle Mexican Grill (NYSE:CMG) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Chipotle Mexican Grill (NYSE:CMG) announced its quarterly earnings results on Wednesday. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02, Briefing.com reports. Chipotle Mexican Grill had a return on equity of 46.17% and a net margin of 13.23%. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the company posted $12.65 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis.

Chipotle Mexican Grill Stock Down 1.8 %

NYSE:CMG traded down $0.93 during mid-day trading on Friday, reaching $49.89. The company’s stock had a trading volume of 12,995,630 shares, compared to its average volume of 14,229,013. Chipotle Mexican Grill has a 1 year low of $35.37 and a 1 year high of $69.26. The firm has a market capitalization of $68.52 billion, a PE ratio of 53.19, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. The stock has a fifty day moving average of $125.65 and a 200-day moving average of $79.48.

Analyst Ratings Changes

A number of research firms have recently issued reports on CMG. Wells Fargo & Company raised their price target on Chipotle Mexican Grill from $65.70 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft dropped their target price on Chipotle Mexican Grill from $72.00 to $67.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group reduced their price target on shares of Chipotle Mexican Grill from $74.60 to $67.00 and set a “buy” rating for the company in a research report on Thursday. Guggenheim boosted their target price on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Oppenheimer decreased their price target on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.88.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.