Chipotle Mexican Grill (NYSE:CMG – Get Free Report) announced its earnings results on Tuesday. The restaurant operator reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02, Briefing.com reports. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS.
Chipotle Mexican Grill Stock Down 7.8 %
Shares of CMG stock opened at $55.76 on Thursday. Chipotle Mexican Grill has a fifty-two week low of $38.01 and a fifty-two week high of $69.26. The firm’s 50 day moving average price is $57.14 and its two-hundred day moving average price is $81.32. The stock has a market cap of $76.36 billion, a price-to-earnings ratio of 54.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.25.
Insider Transactions at Chipotle Mexican Grill
In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction 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 transaction, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Curtis E. Garner sold 17,394 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now directly owns 358,300 shares of the company’s stock, valued at approximately $19,591,844. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Curtis E. Garner sold 15,750 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total transaction of $866,565.00. Following the completion of the sale, the insider now directly owns 473,514 shares of the company’s stock, valued at $26,052,740.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,684 shares of company stock valued at $2,817,127 over the last 90 days. Corporate insiders own 1.02% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Report on Chipotle Mexican Grill
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.
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