Chipotle Mexican Grill, Inc. (NYSE:CMG) is reporting third quarter financial results on Wednesday 21st October 2020, after market close.
According to analysts surveyed by Thomson Reuters, CMG is expected to report 3Q20 income of $ 3.40 per share from revenue of $ 1586.42 million.
For the full year, analysts anticipate top line of $ 5985.31 million, while looking forward to income of $ 10.90 per share bottom line.
Previous Quarter Performance
Chipotle Mexican Grill, Inc. revealed income for the second quarter of $ 0.40 per share, from the revenue of $ 1,365.00 million. The quarterly earnings declined 89.97 percent while revenues declined 4.83 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.19 per share from $ 1321.04 million in revenue. The bottom line results beat street analysts by $ 0.21 or 110.53 percent, at the same time, top line results outshined analysts by $ 43.96 million or 3.33 percent.
Stock Performance
Shares of Chipotle Mexican Grill, Inc. traded up $ 12.60 or 0.94 percent on Tuesday, reaching $ 1,348.19 with volume of 291.50 thousand shares. Chipotle Mexican Grill, Inc. has traded high as $ 1,364.36 and has cracked $ 1,338.65 on the downward trend
The closing price of $ 1,348.19, representing a 221.83 % increase from the 52 week low of $ 415.00 and a 3.53 % decrease over the 52 week high of $ 1384.46.
The company has a market capital of $ 37.71 billion and is part of the Consumer Cyclical sector and Restaurants industry.
Recent Analyst recommendations
- On 16th October 2020, maintained by Credit Suisse Group at Outperform rating, with $ 1500.00 target price.
- On 16th October 2020, maintained by KeyBanc at Overweight rating, with $ 1475.00 target price.
- On 14th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 1286.00 target price.
- On 9th October 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 1460.00 target price.
Conference Call
Chipotle Mexican Grill, Inc. will be hosting a conference call at 4:30 PM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.chipotle.com
Chipotle Mexican Grill, Inc., together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
