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

Chipotle Mexican Grill (NYSE:CMG) is scheduled to release its earnings data after the market closes on Tuesday, October 29th. Analysts expect Chipotle Mexican Grill to post earnings of $0.24 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 Price Performance

CMG stock opened at $59.44 on Monday. The firm has a market capitalization of $81.63 billion, a P/E ratio of 63.23, a P/E/G ratio of 2.41 and a beta of 1.25. Chipotle Mexican Grill has a 52-week low of $35.97 and a 52-week high of $69.26. The company’s 50 day simple moving average is $56.77 and its 200-day simple moving average is $81.49.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Robert W. Baird cut their target price on shares of Chipotle Mexican Grill from $74.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. KeyCorp dropped their price target on Chipotle Mexican Grill from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Wedbush restated an “outperform” rating and set a $58.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, August 29th. Truist Financial upped their target price on Chipotle Mexican Grill from $69.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Barclays reduced their price target on shares of Chipotle Mexican Grill from $58.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.03.

Insider Transactions at Chipotle Mexican Grill

In other news, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares in the company, valued at $19,591,844. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $57.05, for a total transaction of $898,537.50. Following the transaction, the insider now directly owns 457,764 shares in the company, valued at $26,115,436.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Curtis E. Garner sold 17,394 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,684 shares of company stock worth $2,817,127. Company insiders own 1.02% of the company’s stock.

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.