Analysts expect Chipotle Mexican Grill, Inc. (NYSE:CMG) to announce earnings per share (EPS) of $1.54 for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Chipotle Mexican Grill’s earnings, with estimates ranging from $1.34 to $1.75. Chipotle Mexican Grill posted earnings per share of $1.60 during the same quarter last year, which would indicate a negative year over year growth rate of 3.8%. The firm is expected to report its next quarterly earnings report on Tuesday, April 24th.
On average, analysts expect that Chipotle Mexican Grill will report full year earnings of $8.32 per share for the current fiscal year, with EPS estimates ranging from $6.63 to $9.50. For the next fiscal year, analysts forecast that the firm will report earnings of $10.67 per share, with EPS estimates ranging from $8.41 to $13.59. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Chipotle Mexican Grill.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the company posted $0.55 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year.
CMG has been the subject of a number of research analyst reports. SunTrust Banks set a $390.00 target price on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a report on Thursday, October 19th. Maxim Group dropped their price objective on shares of Chipotle Mexican Grill from $435.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 19th. Piper Jaffray Companies set a $318.00 price objective on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley dropped their price objective on shares of Chipotle Mexican Grill from $350.00 to $310.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 25th. They noted that the move was a valuation call. Finally, Barclays reissued an “equal weight” rating and set a $325.00 price objective (up from $280.00) on shares of Chipotle Mexican Grill in a research note on Tuesday, January 16th. Nine investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Chipotle Mexican Grill currently has an average rating of “Hold” and a consensus target price of $342.25.
Shares of Chipotle Mexican Grill (NYSE:CMG) traded up $18.98 during trading on Friday, reaching $305.63. 2,735,758 shares of the company’s stock were exchanged, compared to its average volume of 1,460,000. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $499.00. The stock has a market capitalization of $8,630.00, a PE ratio of 49.62, a PEG ratio of 1.90 and a beta of 0.59.
In related news, Director Paul T. Cappuccio purchased 500 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were bought at an average price of $290.88 per share, for a total transaction of $145,440.00. Following the acquisition, the director now directly owns 766 shares in the company, valued at $222,814.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.01% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Sharkey Howes & Javer boosted its holdings in shares of Chipotle Mexican Grill by 953.9% in the 4th quarter. Sharkey Howes & Javer now owns 12,647 shares of the restaurant operator’s stock valued at $115,000 after purchasing an additional 11,447 shares during the last quarter. Mosaic Family Wealth LLC boosted its holdings in shares of Chipotle Mexican Grill by 1,356.7% in the 4th quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 407 shares during the last quarter. First Interstate Bank boosted its holdings in shares of Chipotle Mexican Grill by 111.1% in the 3rd quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after purchasing an additional 250 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Chipotle Mexican Grill by 75.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after purchasing an additional 246 shares during the last quarter. Finally, Mercer Capital Advisers Inc. acquired a new position in shares of Chipotle Mexican Grill in the 3rd quarter valued at $183,000. Institutional investors own 87.00% of the company’s stock.
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About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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