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].