Chipotle Mexican Grill (CMG) Scheduled to Post Earnings on Wednesday

Chipotle Mexican Grill (NYSE:CMG) is set to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect Chipotle Mexican Grill to post earnings of $2.89 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.34. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $1.34 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. On average, analysts expect Chipotle Mexican Grill to post $13 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Shares of CMG opened at $700.00 on Monday. Chipotle Mexican Grill has a 1 year low of $326.00 and a 1 year high of $721.21. The stock has a market cap of $19.41 billion, a PE ratio of 77.26, a P/E/G ratio of 3.17 and a beta of 0.68.

A number of brokerages have recently issued reports on CMG. Jefferies Financial Group downgraded Chipotle Mexican Grill from a “buy” rating to a “hold” rating and raised their price objective for the stock from $600.00 to $700.00 in a research report on Thursday, April 11th. Wells Fargo & Co raised their price objective on Chipotle Mexican Grill from $489.00 to $647.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Piper Jaffray Companies raised their price objective on Chipotle Mexican Grill from $725.00 to $755.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Stifel Nicolaus restated a “hold” rating on shares of Chipotle Mexican Grill in a research report on Monday, April 8th. Finally, Morgan Stanley downgraded Chipotle Mexican Grill from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $617.00 to $658.00 in a research report on Wednesday, April 17th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $570.70.

In other Chipotle Mexican Grill news, CFO Jack Hartung sold 7,150 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $606.77, for a total value of $4,338,405.50. Following the completion of the sale, the chief financial officer now owns 45,237 shares of the company’s stock, valued at $27,448,454.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pershing Square Capital Manage sold 11,980 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $602.45, for a total value of $7,217,351.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,788 shares of company stock valued at $31,629,459. 2.21% of the stock is currently owned by corporate insiders.

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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.

Further Reading: Percentage Decliners

Earnings History for Chipotle Mexican Grill (NYSE:CMG)

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