Chipotle Mexican Grill (CMG) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $-0.88 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.17. Analysts had a consensus of $-1.05. The company posted revenue of $834.50 million in the period, compared to analysts expectations of $863.24 million. The company’s revenue was down -23.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.88 EPS.
Many Wall Street Analysts have commented on Chipotle Mexican Grill. Chipotle Mexican Grill was Upgraded by JP Morgan to ” Overweight” on Apr 14, 2016. Chipotle Mexican Grill was Downgraded by Goldman to ” Neutral” on Apr 1, 2016. Shares were Downgraded by Wedbush on Mar 29, 2016 to ” Underperform” and Lowered the Price Target to $ 400 from a previous price target of $450 .
Chipotle Mexican Grill closed down -5.41 points or -1.21% at $442.73 with 9,21,752 shares getting traded on Friday. Post opening the session at $452.15, the shares hit an intraday low of $438.26 and an intraday high of $453.99 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Aug 7, 2015, John S Charlesworth (director) sold 2,000 shares at $750.12 per share price. According to the SEC, on Aug 5, 2015, Jack Hartung (Chief Financial Officer) sold 2,522 shares at $750.01 per share price. On Aug 5, 2015, Patrick J Flynn (director) sold 1,500 shares at $748.38 per share price, according to the Form-4 filing with the securities and exchange commission.
Chipotle Mexican Grill Inc. (Chipotle) develops and operates Chipotle Mexican Grill restaurants which serve a focused menu of burritos tacos burrito bowls (a burrito without the tortilla) and salads. The Company operates 1755 restaurants in the United States seven in Canada six in England three in France and one in Germany. The Company’s restaurants also include nine ShopHouse Southeast Asian Kitchen restaurants. The Company owns and operates two Pizzeria Locale restaurants a fast casual pizza concept. It also provides a variety of extras such as guacamole salsas and tortilla chips seasoned with fresh lime juice and kosher salt. Its restaurants also offer sodas fruit drinks organic milk beer and margaritas. The average restaurant size is about 2550 square feet and seats about 58 people. The Company’s restaurants also feature outdoor patio space. The Company’s restaurants accept orders by fax online or through an iPhone or Android ordering application.