Chipotle Mexican Grill, Inc. (CMG) Releases Earnings Results, Beats Estimates By $0.13 EPS
Chipotle Mexican Grill, Inc. (NYSE:CMG) released its quarterly earnings data on Tuesday. The restaurant operator reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.13, Bloomberg Earnings reports. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. Chipotle Mexican Grill had a net margin of 2.31% and a return on equity of 7.72%. Chipotle Mexican Grill’s revenue was up 17.1% compared to the same quarter last year. During the same period last year, the business earned $0.87 earnings per share.
Shares of Chipotle Mexican Grill (CMG) traded up 2.54% during trading on Tuesday, reaching $348.62. 3,527,128 shares of the company were exchanged. Chipotle Mexican Grill has a 1-year low of $336.52 and a 1-year high of $499.00. The firm’s 50 day moving average is $419.18 and its 200 day moving average is $434.34. The firm has a market capitalization of $9.99 billion, a P/E ratio of 107.83 and a beta of 0.64.
A number of equities research analysts recently weighed in on CMG shares. Vetr raised shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 target price on the stock in a research note on Tuesday, May 30th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Deutsche Bank AG reaffirmed a “sell” rating and issued a $350.00 target price (up from $300.00) on shares of Chipotle Mexican Grill in a research note on Monday, July 10th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $470.00 target price on shares of Chipotle Mexican Grill in a research note on Friday, July 14th. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, June 20th. Nine investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $423.38.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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