Chipotle Mexican Grill (CMG) Projected to Post Quarterly Earnings on Tuesday

Chipotle Mexican Grill (NYSE:CMG) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $2.85 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Chipotle Mexican Grill Price Performance

CMG stock opened at $58.34 on Monday. The business has a 50-day moving average price of $60.50 and a 200 day moving average price of $57.75. The company has a market capitalization of $79.49 billion, a P/E ratio of 54.30, a PEG ratio of 2.05 and a beta of 1.27. Chipotle Mexican Grill has a 1-year low of $47.98 and a 1-year high of $69.26.

Insider Buying and Selling at Chipotle Mexican Grill

In other news, insider Laurie Schalow sold 4,404 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $65.01, for a total transaction of $286,304.04. Following the completion of the transaction, the insider now directly owns 185,792 shares of the company’s stock, valued at $12,078,337.92. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CMG shares. BMO Capital Markets lifted their target price on Chipotle Mexican Grill from $55.00 to $56.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Evercore ISI lifted their target price on Chipotle Mexican Grill from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Stephens reiterated an “equal weight” rating and issued a $65.00 target price on shares of Chipotle Mexican Grill in a research note on Tuesday, November 12th. Truist Financial lifted their target price on Chipotle Mexican Grill from $72.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group lifted their target price on Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Ten investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.88.

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.