Chipotle Mexican Grill (NYSE:CMG) Issues Quarterly Earnings Results

Chipotle Mexican Grill (NYSE:CMG) posted its quarterly earnings data on Tuesday. The restaurant operator reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 Up 1.3 %

NYSE CMG opened at $59.10 on Wednesday. The stock has a market cap 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. Chipotle Mexican Grill has a fifty-two week low of $47.98 and a fifty-two week high of $69.26. The business has a fifty day moving average of $60.36 and a 200-day moving average of $57.84.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Oppenheimer increased their price target on Chipotle Mexican Grill from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Chipotle Mexican Grill in a report on Tuesday, January 28th. Citigroup cut their price target on shares of Chipotle Mexican Grill from $70.00 to $69.00 and set a “buy” rating for the company in a report on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Robert W. Baird boosted their target price on Chipotle Mexican Grill from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $66.56.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Laurie Schalow sold 4,404 shares of Chipotle Mexican Grill stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 185,792 shares of the company’s stock, valued at approximately $12,078,337.92. The trade was a 2.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.