Chipotle Mexican Grill (CMG) Expected to Announce Quarterly Earnings on Tuesday

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Chipotle Mexican Grill to post earnings of $0.24 per share and revenue of $2.85 billion for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. Chipotle Mexican Grill had a return on equity of 43.20% and a net margin of 13.51%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the company earned $0.23 earnings per share. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, analysts expect Chipotle Mexican Grill to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Chipotle Mexican Grill Price Performance

NYSE CMG traded down $0.55 on Tuesday, hitting $57.76. The stock had a trading volume of 8,698,956 shares, compared to its average volume of 9,704,881. The stock has a market cap of $78.70 billion, a price-to-earnings ratio of 53.76, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. Chipotle Mexican Grill has a 52-week low of $46.29 and a 52-week high of $69.26. The business's fifty day moving average price is $60.63 and its 200 day moving average price is $57.72.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Oppenheimer lifted their price objective on shares of Chipotle Mexican Grill from $65.00 to $69.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Truist Financial increased their price objective on shares of Chipotle Mexican Grill from $72.00 to $74.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their target price on shares of Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $70.00 price target on shares of Chipotle Mexican Grill in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Chipotle Mexican Grill currently has an average rating of "Moderate Buy" and a consensus target price of $66.88.

Insider Buying and Selling

In related news, insider Laurie Schalow sold 4,404 shares of the 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 transaction, the insider now directly owns 185,792 shares of the company's stock, valued at $12,078,337.92. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.02% of the stock is currently owned by 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.