Chipotle Mexican Grill, Inc. (CMG) Scheduled to Post Quarterly Earnings on Monday
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.
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