A Spoonful of CMG looks attractive with Restaurant Sales Up 32%
For the three months ending in June 2023, the average restaurant sales of 2.94M were up 7.1% from June 2022 (2.74M) and 32.4% from the end of 2019 (2.22M).
The California-based restaurant chain is expected to report $43.38 in EPS for the current fiscal year ending in Dec 2023. The company registers $40.02 in Diluted EPS on a trailing twelve months ending in June 2023, rendering a 46.6x PE multiple.
Multiplying a 46.6x PE multiple to $43.38 in EPS renders a share price of $2021.51 [46.6 x 43.38 = $2021.51].
Placing the 200 EMA PE multiple of 52.7x to $43.38 in EPS renders a share price of $2286.13 [52.7 x 43.38 = $2286.13].
The California-based restaurant chain is expected to report $43.38 in EPS for the current fiscal year ending in Dec 2023. The company registers $40.02 in Diluted EPS on a trailing twelve months ending in June 2023, rendering a 46.6x PE multiple.
Multiplying a 46.6x PE multiple to $43.38 in EPS renders a share price of $2021.51 [46.6 x 43.38 = $2021.51].
Placing the 200 EMA PE multiple of 52.7x to $43.38 in EPS renders a share price of $2286.13 [52.7 x 43.38 = $2286.13].
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.