Chipotle Announces First Quarter 2021 Results
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Chipotle Mexican Grill (CMG) PT Lowered to $1,850 at Cowen
April 22, 2021 6:22 AM EDTCowen analyst Andrew Charles lowered the price target on Chipotle Mexican Grill (NYSE: CMG) to $1,850.00 (from $1,900.00) while maintaining an Outperform rating.
The analyst commented, "We maintain our 2Q comp estimate of 32%, as we argue high 20%-30% guidance/consensus implies too steep of an... More
Chipotle Mexican Grill (CMG) Tops Q1 EPS by 47c, Revenues Miss
April 21, 2021 4:11 PM EDTChipotle Mexican Grill (NYSE: CMG) reported Q1 EPS of $5.36, $0.47 better than the analyst estimate of $4.89. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.74 billion.
First quarter highlights, year over year:
Revenue increased 23.4% to $1.7 billionComparable restaurant sales increased 17.2%Digital sales grew 133.9% and accounted for 50.1% of salesRestaurant level operating margin was 22.3%, an increase of 470 basis pointsDiluted earnings per share was $4.45, net of a $0.91 after-tax impact from expenses related to the 2018 performance share ("PSU") modification to account for the unplanned effects of COVID-19, restaurant asset... More