Chipotle Mexican Grill, Inc. (CMG) Expected to Announce Quarterly Sales of $1.19 Billion

Analysts expect Chipotle Mexican Grill, Inc. (NYSE:CMG) to post $1.19 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Chipotle Mexican Grill’s earnings, with estimates ranging from $1.18 billion to $1.20 billion. Chipotle Mexican Grill reported sales of $1.11 billion in the same quarter last year, which would suggest a positive year over year growth rate of 7.2%. The company is scheduled to announce its next earnings report on Tuesday, February 5th.

On average, analysts expect that Chipotle Mexican Grill will report full-year sales of $4.83 billion for the current year, with estimates ranging from $4.82 billion to $4.84 billion. For the next financial year, analysts anticipate that the business will post sales of $5.21 billion, with estimates ranging from $5.11 billion to $5.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.16. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion.

A number of equities research analysts recently weighed in on CMG shares. Morgan Stanley raised Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $413.00 to $600.00 in a research report on Wednesday, August 15th. Citigroup lifted their target price on Chipotle Mexican Grill from $506.00 to $573.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. William Blair reissued a “hold” rating on shares of Chipotle Mexican Grill in a research report on Thursday, August 23rd. Wedbush downgraded Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $450.00 to $445.00 in a research report on Monday, August 27th. Finally, Maxim Group reissued a “hold” rating and set a $500.00 target price (up from $430.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, August 28th. Nine equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $431.72.

In other news, Director Pershing Square Capital Manage sold 118,307 shares of Chipotle Mexican Grill stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $472.05, for a total value of $55,846,819.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.19% of the company’s stock.

Several large investors have recently bought and sold shares of CMG. Renaissance Technologies LLC raised its stake in shares of Chipotle Mexican Grill by 255.0% in the third quarter. Renaissance Technologies LLC now owns 792,000 shares of the restaurant operator’s stock valued at $359,980,000 after acquiring an additional 568,900 shares during the last quarter. Capital International Investors raised its stake in shares of Chipotle Mexican Grill by 220.1% in the third quarter. Capital International Investors now owns 738,410 shares of the restaurant operator’s stock valued at $335,622,000 after acquiring an additional 507,700 shares during the last quarter. Baillie Gifford & Co. bought a new position in shares of Chipotle Mexican Grill in the third quarter valued at approximately $229,937,000. Jennison Associates LLC raised its stake in shares of Chipotle Mexican Grill by 128.5% in the third quarter. Jennison Associates LLC now owns 830,269 shares of the restaurant operator’s stock valued at $377,374,000 after acquiring an additional 466,849 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Chipotle Mexican Grill by 2,464.4% in the third quarter. AQR Capital Management LLC now owns 218,202 shares of the restaurant operator’s stock valued at $99,177,000 after acquiring an additional 209,693 shares during the last quarter. Institutional investors own 92.20% of the company’s stock.

CMG stock opened at $473.21 on Monday. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $530.68. The stock has a market cap of $13.15 billion, a P/E ratio of 71.70, a PEG ratio of 3.13 and a beta of 0.22.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Earnings History and Estimates for Chipotle Mexican Grill (NYSE:CMG)

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