Chipotle Mexican Grill, Inc. (NYSE:CMG) Set to Announce Earnings on Tuesday

Chipotle Mexican Grill, Inc. (NYSE:CMG) will be announcing its earnings results after the market closes on Tuesday, July 25th. Analysts expect the company to announce earnings of $2.23 per share for the quarter.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.32. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Chipotle Mexican Grill had a net margin of 2.31% and a return on equity of 7.72%. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.88) earnings per share. On average, analysts expect Chipotle Mexican Grill to post $8.03 EPS for the current fiscal year and $11.88 EPS for the next fiscal year.

Shares of Chipotle Mexican Grill, Inc. (CMG) opened at 392.00 on Tuesday. The company has a market cap of $11.24 billion, a P/E ratio of 121.25 and a beta of 0.64. The company’s 50 day moving average is $461.49 and its 200 day moving average is $433.29. Chipotle Mexican Grill, Inc. has a 12 month low of $352.96 and a 12 month high of $499.00.

A number of research firms recently commented on CMG. Vetr raised shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 target price for the company in a research report on Monday, May 15th. ValuEngine upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Stephens upped their price target on shares of Chipotle Mexican Grill from $325.00 to $350.00 and gave the company an “underweight” rating in a research note on Wednesday, April 26th. Royal Bank Of Canada upgraded shares of Chipotle Mexican Grill from a “hold” rating to an “outperform” rating in a research note on Thursday, April 27th. Finally, Nomura restated a “hold” rating and set a $510.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, April 28th. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Chipotle Mexican Grill currently has an average rating of “Hold” and a consensus price target of $453.31.

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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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