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 .
Placing the 200 EMA PE multiple of 52.7x to $43.38 in EPS renders a share price of $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 .
Placing the 200 EMA PE multiple of 52.7x to $43.38 in EPS renders a share price of $2286.13 .