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

Chipotle Mexican Grill (NYSE:CMG) announced its quarterly earnings data on Wednesday. The restaurant operator reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02, Briefing.com reports. Chipotle Mexican Grill had a net margin of 13.23% and a return on equity of 44.01%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the business posted $12.65 EPS. The business’s quarterly revenue was up 18.2% compared to the same quarter last year.

Chipotle Mexican Grill Price Performance

Shares of CMG opened at $49.81 on Friday. The business’s fifty day moving average price is $125.36 and its 200 day moving average price is $79.52. Chipotle Mexican Grill has a 12-month low of $35.37 and a 12-month high of $69.26. The stock has a market capitalization of $68.41 billion, a PE ratio of 53.15, a price-to-earnings-growth ratio of 2.04 and a beta of 1.24.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CMG shares. StockNews.com cut shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Truist Financial decreased their price target on shares of Chipotle Mexican Grill from $74.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday. Piper Sandler decreased their price target on shares of Chipotle Mexican Grill from $61.00 to $56.00 and set a “neutral” rating for the company in a research note on Thursday. Guggenheim lifted their target price on shares of Chipotle Mexican Grill from $54.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Oppenheimer decreased their target price on shares of Chipotle Mexican Grill from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill presently has an average rating of “Moderate Buy” and an average target price of $62.88.

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.