Chipotle Mexican Grill (NYSE:CMG) Releases Earnings Results, Beats Estimates By $0.01 EPS

Chipotle Mexican Grill (NYSE:CMG) announced its quarterly earnings data on Tuesday. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01, Zacks reports. Chipotle Mexican Grill had a net margin of 13.51% and a return on equity of 43.20%.

Chipotle Mexican Grill Stock Performance

Shares of NYSE:CMG opened at $59.10 on Wednesday. Chipotle Mexican Grill has a 1-year low of $47.98 and a 1-year high of $69.26. The company’s fifty day moving average is $60.36 and its two-hundred day moving average is $57.84. The stock has a market capitalization of $80.53 billion, a price-to-earnings ratio of 55.01, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares in the company, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.02% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on CMG. Wells Fargo & Company upped their price target on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Jefferies Financial Group upped their price objective on Chipotle Mexican Grill from $56.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, December 16th. BMO Capital Markets lifted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. KeyCorp dropped their price target on Chipotle Mexican Grill from $66.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Raymond James reduced their price objective on Chipotle Mexican Grill from $72.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Ten investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.56.

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.