Chipotle Mexican Grill (CMG) Set to Announce Quarterly Earnings on Wednesday

Chipotle Mexican Grill (NYSE:CMG) will announce its earnings results after the market closes on Wednesday, January 31st. Analysts expect the company to announce earnings of $1.42 per share for the quarter.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.91). 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 net margin of 3.37% and a return on equity of 11.80%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.56 EPS. On average, analysts expect Chipotle Mexican Grill to post $7 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Chipotle Mexican Grill (NYSE:CMG) opened at $328.71 on Wednesday. The company has a market capitalization of $9,280.00, a price-to-earnings ratio of 63.70, a price-to-earnings-growth ratio of 2.06 and a beta of 0.50. Chipotle Mexican Grill has a 12-month low of $263.00 and a 12-month high of $499.00.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Chipotle Mexican Grill from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 26th. Deutsche Bank set a $240.00 target price on Chipotle Mexican Grill and gave the stock a “sell” rating in a report on Wednesday, October 25th. Nomura lowered their target price on Chipotle Mexican Grill to $338.00 and set a “neutral” rating for the company in a report on Thursday, October 19th. Wells Fargo & Co reiterated a “hold” rating on shares of Chipotle Mexican Grill in a report on Friday, October 13th. Finally, Stifel Nicolaus lowered their target price on Chipotle Mexican Grill from $345.00 to $310.00 and set a “hold” rating for the company in a report on Wednesday, October 25th. Five analysts have rated the stock with a sell rating, twenty-six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $361.42.

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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.

Earnings History for Chipotle Mexican Grill (NYSE:CMG)

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