The company is expected to announce revenues of $1,055 billion against $1,198 billion in the second quarter last year, while earnings per share are seen at 93 cents a share, sharply lower than the $4.45 a year ago, although the recent share buyback scheme may dampen this fall.
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“A full sales recovery to prior peak volumes could take years in our view, as evidenced by the fact that, according to our survey, approximately 25% of CMG customers either have stopped going or reduced frequency, even six months after the last reported food safety incident”, Morgan Stanley wrote in an analyst note. Sales growth in the quarter for Chipotle Mexican Grill, Inc.
Chipotle Mexican Grill (CMG) has witnessed a rise of 14.2% or 556,592 shares in its short figure. Earlier the firm had a rating of “Overweight ” on the company shares. Finally, OLD National Bancorp IN boosted its position in shares of Chipotle Mexican Grill by 15.1% in the first quarter. During the same quarter in the previous year, the firm earned $3.88 EPS. Chipotle Mexican Grill’s quarterly revenue was down 23.4% on a year-over-year basis.
A number of other equities research analysts have also recently commented on the stock. Nevertheless, it is a common misunderstanding that a greater share price directs towards a larger company where stock price might also twist the definite worth of the organization.
Morgan Stanley analyst John Glass downgraded shares of Chipotle to equal weight from overweight, and slashed the company’s price target to $405 from $416.63, citing the protracted recovery. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $485.00 price target (down previously from $500.00) on shares of Chipotle Mexican Grill in a report on Wednesday, April 27th.
Over the last twelve months Chipotle Mexican Grill, Inc.’s stock price has decreased by -36.78% from 661.19 to 417.98. The stock has a consensus rating of “Hold” and a consensus target price of $523.24.
In a different news, on Jun 2, 2016, Steve Ells (Chairman & Co-CEO) sold 21,000 shares at $440.65 per share price. Following the transaction, the chief executive officer now owns 122,043 shares in the company, valued at approximately $53,730,651.18.
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Chipotle Mexican Grill, Inc. has a market capital of 12494.68 at the moment and a profit to earnings ratio of 40.49. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls and salads.
