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

Chipotle Mexican Grill (NYSE:CMG) issued its earnings results on Tuesday. The restaurant operator reported $0.25 earnings per share 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 mid-day trading on Tuesday, reaching $59.10. The company had a trading volume of 14,016,241 shares, compared to its average volume of 9,662,695. 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. Chipotle Mexican Grill has a twelve month low of $47.98 and a twelve month high of $69.26. The stock’s 50 day moving average is $60.43 and its 200-day moving average is $57.80.

Insider Activity at Chipotle Mexican Grill

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 in the company, valued at $12,078,337.92. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CMG shares. TD Cowen increased their price objective on shares of Chipotle Mexican Grill from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their price target on Chipotle Mexican Grill from $67.00 to $75.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Piper Sandler upped their price objective on shares of Chipotle Mexican Grill from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $70.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, January 28th. Finally, Evercore ISI upped their price target on shares of Chipotle Mexican Grill from $70.00 to $72.00 and gave the stock 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill currently has an average rating of “Moderate Buy” and a consensus target price of $66.88.

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.