Chipotle Mexican Grill (NYSE:CMG) is scheduled to post its quarterly earnings results after the market closes on Tuesday, July 23rd. Analysts expect Chipotle Mexican Grill to post earnings of $3.70 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.01 by $0.39. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company posted $2.13 EPS. On average, analysts expect Chipotle Mexican Grill to post $13 EPS for the current fiscal year and $17 EPS for the next fiscal year.
Shares of CMG opened at $746.52 on Monday. The company has a market cap of $20.69 billion, a P/E ratio of 82.40, a PEG ratio of 2.98 and a beta of 0.67. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt-to-equity ratio of 1.69. The firm’s 50-day simple moving average is $725.48. Chipotle Mexican Grill has a 12-month low of $383.20 and a 12-month high of $765.99.
A number of analysts have recently issued reports on the company. BMO Capital Markets reiterated a “hold” rating on shares of Royal Bank of Canada in a research report on Thursday, May 23rd. Wells Fargo & Co reiterated a “sell” rating on shares of Bausch Health Companies in a research report on Monday, July 15th. Citigroup set a $86.00 price target on Prologis and gave the company a “buy” rating in a research report on Thursday, June 6th. Piper Jaffray Companies set a $173.00 price target on DexCom and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Maxim Group assumed coverage on ContraFect in a research report on Tuesday, June 11th. They set a “buy” rating for the company. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Chipotle Mexican Grill currently has a consensus rating of “Hold” and an average price target of $658.48.
In other news, CTO Curtis E. Garner sold 9,276 shares of Chipotle Mexican Grill stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $738.02, for a total value of $6,845,873.52. Following the sale, the chief technology officer now directly owns 15,780 shares in the company, valued at approximately $11,645,955.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Scott Boatwright sold 1,805 shares of Chipotle Mexican Grill stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $740.22, for a total value of $1,336,097.10. Following the completion of the sale, the insider now owns 8,869 shares in the company, valued at $6,565,011.18. The disclosure for this sale can be found here. Insiders sold a total of 91,081 shares of company stock worth $66,273,971 over the last ninety days. Insiders own 2.21% of the company’s stock.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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