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.

TRADEMARK VIOLATION WARNING: This news story was first published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/07/25/chipotle-mexican-grill-inc-cmg-releases-earnings-results-beats-estimates-by-0-13-eps.html.

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.

Earnings History for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill Inc. and related companies with MarketBeat.com's FREE daily email newsletter.