Chipotle Mexican Grill (NYSE:CMG) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Chipotle Mexican Grill (NYSE:CMG) issued its earnings results on Tuesday. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01, Zacks reports. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%.

Chipotle Mexican Grill Stock Down 2.5 %

Chipotle Mexican Grill stock opened at $57.54 on Thursday. The stock has a market cap of $78.41 billion, a PE ratio of 53.56, a P/E/G ratio of 2.07 and a beta of 1.27. Chipotle Mexican Grill has a 12-month low of $47.98 and a 12-month high of $69.26. The business’s 50-day moving average price is $60.27 and its two-hundred day moving average price is $57.84.

Wall Street Analysts Forecast Growth

CMG has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on Chipotle Mexican Grill from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays cut their price target on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday. Citigroup increased their price objective on shares of Chipotle Mexican Grill from $69.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday. KeyCorp reduced their target price on shares of Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Robert W. Baird raised their price objective on shares of Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Insider Activity

In other news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.02% of the stock is currently owned by corporate insiders.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.