Chipotle Mexican Grill (NYSE:CMG) Releases Earnings Results, Beats Expectations By $0.02 EPS

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) issued its quarterly earnings data on Tuesday. The restaurant operator reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.02, Briefing.com reports. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter last year, the firm earned $0.23 EPS. Chipotle Mexican Grill's quarterly revenue was up 13.0% on a year-over-year basis.

Chipotle Mexican Grill Price Performance

Shares of Chipotle Mexican Grill stock traded down $4.41 during trading on Wednesday, hitting $56.08. The stock had a trading volume of 20,133,453 shares, compared to its average volume of 13,958,735. The firm has a market cap of $76.80 billion, a P/E ratio of 55.03, a PEG ratio of 2.41 and a beta of 1.25. The business has a fifty day moving average of $57.10 and a two-hundred day moving average of $81.50. Chipotle Mexican Grill has a fifty-two week low of $38.01 and a fifty-two week high of $69.26.

Insider Activity

In other news, Director Robin S. Hickenlooper sold 1,790 shares of the company's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Robin S. Hickenlooper sold 1,790 shares of the company's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $56.38, for a total value of $100,920.20. Following the completion of the sale, the director now owns 41,510 shares in the company, valued at $2,340,333.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Curtis E. Garner sold 15,750 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $55.02, for a total value of $866,565.00. Following the completion of the sale, the insider now owns 473,514 shares of the company's stock, valued at approximately $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 a total of 50,684 shares of company stock worth $2,817,127 over the last 90 days. 1.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CMG has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on Chipotle Mexican Grill from $59.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $67.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, August 14th. Robert W. Baird lifted 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. Wells Fargo & Company lifted their target price on Chipotle Mexican Grill from $66.00 to $67.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Truist Financial lifted their target price on Chipotle Mexican Grill from $71.00 to $72.00 and gave the stock a "buy" rating in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of "Moderate Buy" and a consensus target price of $63.99.

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.