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

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

Chipotle Mexican Grill Stock Performance

Shares of NYSE CMG traded up $0.74 during midday trading on Tuesday, reaching $59.10. 14,016,241 shares of the company’s stock were exchanged, compared to its average volume of 9,662,695. Chipotle Mexican Grill has a 52-week low of $47.98 and a 52-week high of $69.26. The business’s fifty day moving average price is $60.43 and its two-hundred day moving average price is $57.80. The stock has a market capitalization of $80.53 billion, a PE ratio of 55.01, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CMG. Citigroup cut their target price on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Wells Fargo & Company lifted their price objective on Chipotle Mexican Grill from $67.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Robert W. Baird increased their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler boosted their price target on Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Evercore ISI increased their price objective on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.88.

Insider Activity at Chipotle Mexican Grill

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

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.