Chipotle Mexican Grill, Inc. (NYSE:CMG) – Research analysts at Piper Jaffray Companies boosted their FY2019 EPS estimates for shares of Chipotle Mexican Grill in a research note issued on Tuesday, November 19th. Piper Jaffray Companies analyst N. Regan now anticipates that the restaurant operator will post earnings per share of $13.89 for the year, up from their prior estimate of $12.30. Piper Jaffray Companies currently has a “Buy” rating and a $904.00 target price on the stock. Piper Jaffray Companies also issued estimates for Chipotle Mexican Grill’s Q4 2019 earnings at $2.69 EPS, Q1 2020 earnings at $4.02 EPS, Q2 2020 earnings at $4.84 EPS, Q3 2020 earnings at $4.48 EPS, Q4 2020 earnings at $4.01 EPS, Q2 2021 earnings at $5.81 EPS and Q3 2021 earnings at $5.25 EPS.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $3.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.13 by $0.69. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.38 billion. Chipotle Mexican Grill had a return on equity of 23.97% and a net margin of 5.77%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period last year, the business posted $2.16 EPS.
CMG stock opened at $773.46 on Friday. The company has a market cap of $21.31 billion, a P/E ratio of 59.30, a price-to-earnings-growth ratio of 2.84 and a beta of 0.70. Chipotle Mexican Grill has a 1 year low of $383.20 and a 1 year high of $857.90. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.51 and a quick ratio of 1.47. The stock’s fifty day moving average price is $789.83 and its 200-day moving average price is $768.78.
Large investors have recently bought and sold shares of the business. Retirement Systems of Alabama increased its holdings in shares of Chipotle Mexican Grill by 0.3% in the second quarter. Retirement Systems of Alabama now owns 11,373 shares of the restaurant operator’s stock worth $8,335,000 after purchasing an additional 39 shares during the last quarter. Zions Bancorporation N.A. increased its stake in Chipotle Mexican Grill by 45.8% during the second quarter. Zions Bancorporation N.A. now owns 331 shares of the restaurant operator’s stock worth $243,000 after acquiring an additional 104 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in Chipotle Mexican Grill by 6.0% during the second quarter. Gulf International Bank UK Ltd now owns 6,460 shares of the restaurant operator’s stock worth $4,734,000 after acquiring an additional 367 shares during the last quarter. Douglass Winthrop Advisors LLC bought a new stake in Chipotle Mexican Grill during the second quarter worth approximately $432,000. Finally, Xact Kapitalforvaltning AB increased its stake in Chipotle Mexican Grill by 5.8% during the second quarter. Xact Kapitalforvaltning AB now owns 4,966 shares of the restaurant operator’s stock worth $3,639,000 after acquiring an additional 273 shares during the last quarter. 92.46% of the stock is currently owned by institutional investors and hedge funds.
In other Chipotle Mexican Grill news, CTO Curtis E. Garner sold 1,272 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $850.00, for a total transaction of $1,081,200.00. Following the sale, the chief technology officer now directly owns 7,280 shares of the company’s stock, valued at $6,188,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Pershing Square Capital Manage sold 29,200 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $815.60, for a total value of $23,815,520.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,137 shares of company stock worth $33,005,349. Insiders own 2.21% of the company’s stock.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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