Chipotle Mexican Grill (NYSE:CMG) Issues Quarterly Earnings Results


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Chipotle Mexican Grill (NYSE:CMG) issued its quarterly earnings results on Wednesday. The restaurant operator reported $5.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.92 by $0.44, MarketWatch Earnings reports. Chipotle Mexican Grill had a net margin of 4.08% and a return on equity of 16.70%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the company posted $3.08 EPS. The firm’s revenue was up 23.4% compared to the same quarter last year.

Chipotle Mexican Grill stock opened at $1,507.62 on Thursday. The stock has a market cap of $42.49 billion, a P/E ratio of 180.34, a price-to-earnings-growth ratio of 3.21 and a beta of 1.31. The company has a fifty day simple moving average of $1,456.93 and a 200-day simple moving average of $1,392.23. Chipotle Mexican Grill has a 12-month low of $834.18 and a 12-month high of $1,579.52.

Several brokerages have commented on CMG. Morgan Stanley raised their price target on shares of Chipotle Mexican Grill from $1,476.00 to $1,602.00 and gave the company an “equal weight” rating in a research report on Thursday. Northcoast Research raised shares of Chipotle Mexican Grill from a “neutral” rating to a “buy” rating and set a $1,827.00 price target for the company in a research report on Tuesday, February 9th. Raymond James raised shares of Chipotle Mexican Grill from a “market perform” rating to an “outperform” rating and set a $1,800.00 price target for the company in a research report on Monday. JPMorgan Chase & Co. raised their price target on shares of Chipotle Mexican Grill from $1,350.00 to $1,460.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Stephens lifted their price objective on shares of Chipotle Mexican Grill from $1,265.00 to $1,450.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 3rd. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $1,612.94.

In other Chipotle Mexican Grill news, insider Scott Boatwright sold 5,822 shares of Chipotle Mexican Grill stock in a transaction on Thursday, February 4th. The shares were sold at an average price of $1,497.75, for a total value of $8,719,900.50. Following the transaction, the insider now directly owns 9,551 shares in the company, valued at $14,305,010.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian R. Niccol sold 4,757 shares of Chipotle Mexican Grill stock in a transaction on Monday, March 8th. The shares were sold at an average price of $1,311.22, for a total transaction of $6,237,473.54. Following the completion of the transaction, the chief executive officer now owns 47,044 shares in the company, valued at $61,685,033.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,335 shares of company stock valued at $28,243,141. Corporate insiders own 1.00% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of December 31, 2020, it owned and operated 2,724 Chipotle restaurants in the United States, 40 international Chipotle restaurants, and 4 non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Earnings History for Chipotle Mexican Grill (NYSE:CMG)

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