Chipotle Mexican Grill, Inc. (NYSE:CMG) Expected to Post Earnings of $2.67 Per Share

Wall Street brokerages predict that Chipotle Mexican Grill, Inc. (NYSE:CMG) will announce $2.67 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have issued estimates for Chipotle Mexican Grill’s earnings, with the lowest EPS estimate coming in at $2.24 and the highest estimate coming in at $3.09. Chipotle Mexican Grill posted earnings per share of $1.72 during the same quarter last year, which suggests a positive year-over-year growth rate of 55.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 5th.

On average, analysts expect that Chipotle Mexican Grill will report full year earnings of $13.87 per share for the current financial year, with EPS estimates ranging from $13.44 to $14.51. For the next year, analysts expect that the business will report earnings of $17.79 per share, with EPS estimates ranging from $16.23 to $20.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $3.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.13 by $0.69. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. Chipotle Mexican Grill had a net margin of 5.77% and a return on equity of 23.97%. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.16 earnings per share.

A number of equities analysts have recently issued reports on the company. Goldman Sachs Group set a $1,000.00 target price on Chipotle Mexican Grill and gave the stock a “buy” rating in a report on Friday, August 30th. Wedbush reaffirmed a “buy” rating and issued a $980.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 23rd. Loop Capital upped their price target on Chipotle Mexican Grill to $950.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Gordon Haskett upgraded Chipotle Mexican Grill from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $620.00 to $740.00 in a research note on Wednesday, October 9th. Finally, Maxim Group lifted their price objective on Chipotle Mexican Grill from $825.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $789.03.

NYSE CMG traded up $2.75 during trading on Monday, reaching $822.48. 390,261 shares of the company traded hands, compared to its average volume of 567,407. Chipotle Mexican Grill has a 1-year low of $383.20 and a 1-year high of $857.90. The company has a market cap of $22.86 billion, a price-to-earnings ratio of 90.78, a P/E/G ratio of 2.99 and a beta of 0.70. The stock’s 50 day moving average price is $784.42 and its two-hundred day moving average price is $776.10. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.47 and a current ratio of 1.51.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 29,200 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $815.60, for a total transaction of $23,815,520.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 749 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $813.11, for a total value of $609,019.39. Following the transaction, the chief executive officer now directly owns 26,634 shares in the company, valued at approximately $21,656,371.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,101 shares of company stock valued at $30,447,225. Company insiders own 2.21% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in Chipotle Mexican Grill by 22.7% during the second quarter. Renaissance Technologies LLC now owns 1,791,499 shares of the restaurant operator’s stock worth $1,312,954,000 after acquiring an additional 331,100 shares in the last quarter. BlackRock Inc. grew its position in shares of Chipotle Mexican Grill by 7.7% in the 2nd quarter. BlackRock Inc. now owns 1,699,029 shares of the restaurant operator’s stock valued at $1,245,187,000 after acquiring an additional 121,606 shares during the period. State Street Corp increased its stake in shares of Chipotle Mexican Grill by 2.0% during the 3rd quarter. State Street Corp now owns 1,100,574 shares of the restaurant operator’s stock worth $924,999,000 after purchasing an additional 21,324 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Chipotle Mexican Grill by 7.6% during the 2nd quarter. Jennison Associates LLC now owns 927,804 shares of the restaurant operator’s stock worth $679,969,000 after purchasing an additional 65,485 shares during the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in shares of Chipotle Mexican Grill by 1.0% in the 2nd quarter. Independent Franchise Partners LLP now owns 596,427 shares of the restaurant operator’s stock valued at $437,109,000 after purchasing an additional 5,730 shares during the period. 93.65% of the stock is owned by institutional investors.

Chipotle Mexican Grill Company Profile

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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