Thursday December 1, 2022, 07:00:00
By Mark Kalinowski
Back in September 2014, we published a note (for a former employer) entitled “CMG: A $1,300+ Stock by Decade’s End?” At the time, CMG shares traded at about $671 per share. As it turns out, despite highly challenging food-safety issues that led to five straight quarters of negative same-store sales over Q4 2015-Q4 2016, CMG stock ended 2020 at $1,480 per share – meaningfully above $1,300. What might a similar analysis today suggest about where CMG shares might end up in about five years’ time, at year-end 2027?
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Tuesday October 25, 2022, 18:33:37
By Mark Kalinowski
After today’s (Tuesday’s) market close, Chipotle Mexican Grill reported adjusted Q3 EPS of $9.51, ahead of our $9.20 forecast as well as sell-side consensus (according to Consensus Metrix) of $9.19. We attribute the earnings beat primarily to a more favorable-than-forecasted adjusted tax rate (23.4% actual vs. 26.0% projected). By our calculations, if the Q3 adjusted tax rate had been 26.0% (which was also consensus heading into today), then Q3 adjusted EPS would have been $9.18.
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Tuesday September 20, 2022, 07:00:00
By Mark Kalinowski
Chipotle Mexican Grill plans to announce its Q3 earnings after the market close on Tuesday, October 25th. For more info, click on:
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