Chipotle Mexican Grill, Inc. (NYSE:CMG) will be announcing its earnings results after the market closes on Monday, October 23rd. Analysts expect the company to announce earnings of $2.24 per share for the quarter.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.16. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company earned $0.87 earnings per share. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, analysts expect Chipotle Mexican Grill to post $7.46 EPS for the current fiscal year and $10.60 EPS for the next fiscal year.

Shares of Chipotle Mexican Grill, Inc. (NYSE CMG) opened at 326.45 on Monday. Chipotle Mexican Grill, Inc. has a 12 month low of $295.11 and a 12 month high of $499.00. The company’s 50-day moving average price is $311.38 and its 200-day moving average price is $394.47. The company has a market cap of $9.31 billion, a P/E ratio of 70.17 and a beta of 0.60.

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CMG has been the subject of several analyst reports. Piper Jaffray Companies set a $510.00 price objective on Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Deutsche Bank AG reaffirmed a “sell” rating and set a $350.00 price objective (up from $300.00) on shares of Chipotle Mexican Grill in a research report on Monday, July 10th. Robert W. Baird reaffirmed a “hold” rating and set a $385.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, September 1st. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $470.00 price objective on shares of Chipotle Mexican Grill in a research report on Friday, July 14th. Seven investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $392.13.

Chipotle Mexican Grill Company Profile

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)

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