Revenue Update on Chipotle Mexican Grill(NYSE:CMG)

Chipotle Mexican Grill(NYSE:CMG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $998.38M. Analysts estimated a revenue of $1.05B. Earnings per share were $0.87. Analysts had estimated an EPS of $0.93.

In a different note, On Jun 23, 2016, Goldman Sachs said it Maintains its rating on Chipotle Mexican Grill. In the research note, the firm Lowers the price-target to $500.00 per share. The shares have been rated ‘Neutral’ by the firm. Buckingham Research said it Initiates Coverage on Chipotle Mexican Grill, according to a research note issued on Jun 16, 2016. The shares have been rated ‘Buy’ by the firm. On Jun 13, 2016, Deutsche Bank said it Maintains its rating on Chipotle Mexican Grill. In the research note, the firm Lowers the price-target to $360.00 per share. The shares have been rated ‘Sell’ by the firm. On May 26, 2016, Cleveland Research said it Downgrades its rating on Chipotle Mexican Grill. The shares have been rated ‘Neutral’ by the firm. On Apr 27, 2016, BTIG Research said it Downgrades its rating on Chipotle Mexican Grill. The shares have been rated ‘Neutral’ by the firm. On Apr 27, 2016, UBS said it Maintains its rating on Chipotle Mexican Grill. In the research note, the firm Lowers the price-target to $460.00 per share. The shares have been rated ‘Neutral’ by the firm.

Chipotle Mexican Grill (CMG) made into the market gainers list on Wednesdays trading session with the shares advancing 1.05% or 4.37 points. Due to strong positive momentum, the stock ended at $419.68, which is also near the day’s high of $420.62. The stock began the session at $415.24 and the volume stood at 8,46,918 shares. The 52-week high of the shares is $758.61 and the 52 week low is $384.77. The company has a current market capitalization of $12,255 M and it has 2,92,01,412 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, Steve Ells (Chairman & Co-CEO) sold 21,000 shares at $440.65 per share price.Also, On Aug 7, 2015, John S Charlesworth (director) sold 2,000 shares at $750.12 per share price.On Aug 5, 2015, Jack Hartung (Chief Financial Officer) sold 2,522 shares at $750.01 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.

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