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Chipotle Mexican Grill, Inc. (NYSE:CMG) Falls Short and Investors Quickly Show Disappointment

Chipotle Mexican Grill (NYSE:CMG)

Chipotle Mexican Grill, Inc. showed off its earnings numbers for the three months ending September 2015 on Tuesday, October 20 after the bell for the day on in New York. Earnings fell short and investors are showing their disappointment as the stock price suffers. The firm’s earnings came in at $4.59 per share for the quarter while revenue came in at $1.22B.

In the same period of last year, Chipotle Mexican Grill, Inc. managed to earn $4.15 per share. Sales for the same quarter in 2014 came in at 1.08B. In the three months heading into the release of today’s results, Chipotle Mexican Grill, Inc. stock has 3Month gained 4.08% of their value.

Chipotle Mexican Grill

Here’s what Wall Street expected from Chipotle Mexican Grill, Inc.

Heading into the publication of these numbers, Wall Street forecast that Chipotle Mexican Grill, Inc. had earned $4.63 per share by consensus. Revenue was thought to have hit $1.22B for the quarter.

35 analysts were following Chipotle Mexican Grill, Inc. in the months before the firm put out these numbers. 11 analysts told clients the firms were a Buy, 10 analysts said they thought investors should make the stock Overweight, 13 analysts reported that the best strategy was to Hold the shares. 1 analyst advised that their readers hold the firm Underweight and none of the analyst thought the best move was to Sell the stock ahead of earnings.

Chipotle Mexican Grill, Inc. 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 1,755 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 2,550 square feet and seats about 58 people.

Chipotle Mexican Grill, Inc. earnings in context      

For the twelve months in 2015 Wall Street thinks that Chipotle Mexican Grill, Inc. will manage a profit of $17.37 per share. The full sales number for the fiscal year is expected to amount to $4.72B. In its prior fiscal year Chipotle Mexican Grill, Inc. made $14.13 per share. Total revenue for the firm’s last fiscal year came in at $4.11B.

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Victor Alagbe is a seasoned business and finance writer with a specialty in writing about how to invest for the long-term in healthcare, pharmacology, energy and tech stocks. His long-term focus is on stocks that provide a nice mix of growth and income. For the short term, he passionately writes about trading stock options for the excitement and leverage that stock options offer.

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