What to Expect When Chipotle Reports After the Close

February 6, 2019 by Chris Lange

Chipotle Mexican Grill Inc. (NYSE: CMG) is scheduled to release its fourth-quarter financial results after the markets close on Wednesday. Thomson Reuters consensus estimates call for $1.34 in earnings per share (EPS) and $1.19 billion in revenue. The same period of last year reportedly had $1.34 in EPS and $1.11 billion in revenue.

At the beginning of January, Chipotle released a new collection of Lifestyle Bowls that cater to different diets that customers may have taken on the New Year. The new line includes a Paleo Salad Bowl, Keto Salad Bowl, Whole30 Salad Bowl and Double Protein Bowl, all exclusively available through the mobile app and on the Chipotle website for in-restaurant pickup or delivery.

These diet-driven menu offerings are helping those who have committed to living a healthier lifestyle by making it easy to order delicious bowls that only contain the real ingredients permitted by certain diet regimens.

For the basis of comparison: comparable restaurant sales increased 4.4% in the third quarter. At the same time, digital sales grew 48.3% in the quarter and accounted for 11.2% of sales.

Overall, Chipotle has outperformed the broad markets, with its stock up about 22% year to date. In the past 52 weeks, the stock is up about 69%.

A few analysts weighed in on Chipotle ahead of the results:

  • Robert Baird has an Outperform rating with a $600 price target.
  • Wells Fargo has a Market Perform rating and a $486 price target.
  • Piper Jaffray’s Overweight rating comes with a $590 price target.
  • BTIG Research has a Buy rating with a $605 target price.
  • JPMorgan has a Neutral rating and a $500 target price.
  • Maxim has a Hold rating with a $510 price target.
  • Telsey Advisory Group has an Outperform rating and a $500 target.

Shares of Chipotle were last seen at $523.25 on Wednesday, in a 52-week range of $247.52 to $543.90. The consensus analyst price target is $489.16.

Sponsored: Want to Retire Early? Start Here

Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.