Chipotle Mexican Grill, Inc. (CMG) Issues Quarterly Earnings Results
Chipotle Mexican Grill, Inc. (NYSE:CMG) posted its earnings results on Monday. The restaurant operator reported $1.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.91), Bloomberg Earnings reports. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.14 billion. Chipotle Mexican Grill had a return on equity of 10.65% and a net margin of 3.17%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share.
Shares of Chipotle Mexican Grill (NYSE CMG) traded up 1.20% during midday trading on Tuesday, reaching $324.30. 2,978,551 shares of the company’s stock were exchanged. Chipotle Mexican Grill has a 12 month low of $295.11 and a 12 month high of $499.00. The stock has a market cap of $9.25 billion, a PE ratio of 69.71 and a beta of 0.60. The company’s 50 day moving average is $313.21 and its 200-day moving average is $388.10.
Several analysts have commented on the stock. UBS AG decreased their target price on shares of Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating for the company in a research report on Tuesday, June 27th. Royal Bank Of Canada decreased their target price on shares of Chipotle Mexican Grill from $440.00 to $330.00 and set a “sector perform” rating for the company in a research report on Friday. Maxim Group decreased their target price on shares of Chipotle Mexican Grill from $435.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. SunTrust Banks, Inc. set a $390.00 target price on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Deutsche Bank AG set a $250.00 target price on shares of Chipotle Mexican Grill and gave the stock a “sell” rating in a research report on Wednesday, October 18th. Eight research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $375.66.
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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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