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.
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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