I don’t have a position in Chipotle but I like to follow discussions about stocks to test how they compare to my own metrics.
It’s too bad I haven’t done it for the restaurant companies I own (Starbucks, Buffalo Wild Wings & Chipotle) as well as McDonalds. This would provide a nice comparison in addition to the company-specific stuff. Thanks for pointing out the obvious!
I started with Chipotle. Here are historical data back to 2010:
Qtr Sales TTM Shrs* P/S
Mar-10 410 31,814
Jun-10 467 31,802
Sep-10 477 31,629
Dec-10 483 1,836 31,702 3.7
Mar-11 509 1,936 31,717 4.5
Jun-11 572 2,040 31,761 4.8
Sep-11 592 2,155 31,832 4.5
Dec-11 597 2,270 31,784 4.7
Mar-12 641 2,401 31,846 5.5
Jun-12 691 2,520 31,951 4.8
Sep-12 701 2,629 31,846 3.8
Dec-12 699 2,731 31,486 3.4
Mar-13 727 2,817 31,229 3.6
Jun-13 817 2,943 31,176 3.9
Sep-13 827 3,070 31,296 4.4
Dec-13 844 3,215 31,425 5.2
Mar-14 904 3,392 31,486 5.3
Jun-14 1,050 3,625 31,474 5.1
Sep-14 1,084 3,883 31,547 5.4
Dec-14 1,070 4,108 31,542 5.3
Mar-15 1,089 4,293 31,592 4.8
Jun-15 1,198 4,441 31,526 4.3
Sep-15 1,217 4,574 31,548 5.0
Dec-15 998 4,501 31,312 3.3
Mar-16 834 4,247 29,893 3.3
Jun-16 998 4,047 29,340 2.9
Sep-16 1,037 3,867 29,171 3.2
**quarterly weighted average*
I also used the quarter closing price.
Before the crisis, the ratio was consistently around 5. If it can consistently get back to 4, especially with the expected improvement in comps as well as store growth, there could be some significant upside. Now I need to create the same data for my other companies.
DJ