Chipotle Mexican Grill (NYSE:CMG) Posts Earnings Results, Beats Estimates By $0.02 EPS

Chipotle Mexican Grill (NYSE:CMG) issued its quarterly earnings results on Tuesday. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02, Briefing.com reports. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the business earned $0.23 EPS. Chipotle Mexican Grill’s quarterly revenue was up 13.0% compared to the same quarter last year.

Chipotle Mexican Grill Stock Performance

NYSE CMG opened at $55.77 on Friday. The business’s fifty day moving average is $57.18 and its 200 day moving average is $81.14. Chipotle Mexican Grill has a fifty-two week low of $38.01 and a fifty-two week high of $69.26. The company has a market capitalization of $76.38 billion, a PE ratio of 51.91, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the firm’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 transaction of $951,103.92. Following the sale, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chipotle Mexican Grill news, insider Curtis E. Garner sold 17,394 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total value of $951,103.92. Following the completion of the sale, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $57.05, for a total value of $898,537.50. Following the completion of the transaction, the insider now 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 disclosure for this sale can be found here. Insiders sold a total of 50,684 shares of company stock worth $2,817,127 over the last quarter. 1.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stephens decreased their target price on shares of Chipotle Mexican Grill from $66.00 to $65.00 and set an “equal weight” rating for the company in a report on Wednesday. Loop Capital increased their price target on shares of Chipotle Mexican Grill from $53.00 to $58.00 and gave the company a “hold” rating in a report on Wednesday. BMO Capital Markets raised their price target on shares of Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Evercore ISI upped their price objective on Chipotle Mexican Grill from $59.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $64.47.

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.