Published: Sun, February 05, 2017
Economy | By Melissa Porter

Chipotle reported a 13.3 percent drop in revenues in 2016

Previously on 1/23/2017, Vetr Inc. reported on Chipotle Mexican Grill (NYSE:CMG) increased the target price from $0.00 to $396.92. Bank of Montreal Can bought a new position in shares of Chipotle Mexican Grill during the second quarter worth about $2,773,000.

Despite its financial woes, Chipotle moved forward with the opening of 240 restaurants previous year, including 72 in the fourth quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Chipotle Mexican Grill by 1.6% in the second quarter. Bernstein's Sara Senatore wrote that the "January trend suggests comp estimates [are] achievable as topline drivers kick in", while Buckingham Research's John Zolidis wrote that Chipotle is "getting closer to favorable earnings per share revisions". The legal version of this article can be viewed at This average broker recommendation is given by Zacks using a scale from 1 to 5.

Matched revenue estimates. The company saw revenue figures of $1.03 billion, matching our consensus estimate of $1.033 billion and gaining 3.7% year-over-year. Analysts surveyed by Thomson Reuters expected earnings of 57 cents a share on revenue of $1.04 billion. (NYSE:RICE) traded 4.18 Million shares and was closed at $20.26 per share.

Nonetheless, and in the immediate aftermath of reporting, investor reaction in Chipotle Mexican Grill, Inc. Each Chipotle restaurant consumes around 3,750 pounds of avocados every month. Tracking most recent quarter period, Price to book (P/B) ration is at 8.54 and Price to cash per share ration is at 34.13.

-Revenue (Q4): $1.03 Bln vs. $1.00 Bln a year ago.

COPYRIGHT VIOLATION NOTICE: "Chipotle Mexican Grill, Inc". Stock institutional ownership is 92.40% while insider ownership includes 1.58%. Strs Ohio increased its position in shares of Chipotle Mexican Grill by 46.7% in the second quarter. Prospera Financial Services Inc acquired a new stake in Chipotle Mexican Grill during the second quarter valued at approximately $242,000.

Restaurant operating margins were at 13.5 percent, a decrease from 19.6 percent.

Chipotle offers a focused menu of burritos, tacos, burrito bowls and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere.

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