Chipotle Mexican Grill (CMG) Scheduled to Post Quarterly Earnings on Wednesday

Chipotle Mexican Grill (NYSE:CMG) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $11.34 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, topping the consensus estimate of $9.73 by $0.63. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.49 billion. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. Chipotle Mexican Grill’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.29 earnings per share. On average, analysts expect Chipotle Mexican Grill to post $53 EPS for the current fiscal year and $65 EPS for the next fiscal year.

Chipotle Mexican Grill Stock Up 0.5 %

NYSE:CMG opened at $2,884.74 on Tuesday. The company has a market cap of $79.10 billion, a P/E ratio of 65.04, a P/E/G ratio of 2.44 and a beta of 1.28. The firm’s 50 day moving average is $2,788.71 and its two-hundred day moving average is $2,400.45. Chipotle Mexican Grill has a fifty-two week low of $1,768.64 and a fifty-two week high of $3,023.98.

Chipotle Mexican Grill’s stock is going to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be issued to shareholders after the closing bell on Tuesday, June 25th.

Analyst Ratings Changes

CMG has been the topic of several research reports. Evercore ISI raised their price objective on Chipotle Mexican Grill from $2,900.00 to $3,200.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Barclays raised their target price on Chipotle Mexican Grill from $2,246.00 to $2,400.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft upped their price target on Chipotle Mexican Grill from $3,100.00 to $3,300.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Stephens initiated coverage on shares of Chipotle Mexican Grill in a research report on Friday, April 12th. They issued an “equal weight” rating and a $3,010.00 price objective for the company. Finally, TD Cowen reissued a “buy” rating and set a $2,900.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, April 10th. Eleven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,759.14.

Insiders Place Their Bets

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the transaction, the chief executive officer now owns 22,447 shares of the company’s stock, valued at approximately $53,870,779.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Christopher W. Brandt sold 3,149 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total transaction of $9,219,768.16. Following the completion of the transaction, the insider now owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian R. Niccol sold 1,996 shares of Chipotle Mexican Grill stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the transaction, the chief executive officer now directly owns 22,447 shares in the company, valued at $53,870,779.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,793 shares of company stock worth $18,321,152. 0.96% of the stock is owned by company insiders.

About Chipotle Mexican Grill

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.