Wall Street analysts predict that Chipotle Mexican Grill (NYSE:CMG) will post $1.53 earnings per share for the current quarter, according to Zacks. Twelve analysts have provided estimates for Chipotle Mexican Grill’s earnings. The highest EPS estimate is $1.75 and the lowest is $1.34. Chipotle Mexican Grill reported earnings per share of $1.60 during the same quarter last year, which would suggest a negative year over year growth rate of 4.4%. The company is scheduled to report its next earnings report after the market closes on Wednesday, April 25th.
On average, analysts expect that Chipotle Mexican Grill will report full year earnings of $8.24 per share for the current year, with EPS estimates ranging from $6.63 to $9.38. For the next fiscal year, analysts expect that the business will report earnings of $10.67 per share, with EPS estimates ranging from $8.90 to $13.59. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover Chipotle Mexican Grill.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.02. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share.
Several equities research analysts have recently issued reports on the company. ValuEngine cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Barclays reaffirmed an “equal weight” rating and issued a $325.00 target price (up from $280.00) on shares of Chipotle Mexican Grill in a report on Tuesday, January 16th. Maxim Group reaffirmed a “buy” rating and issued a $425.00 target price (up from $400.00) on shares of Chipotle Mexican Grill in a report on Thursday, January 18th. Citigroup raised Chipotle Mexican Grill to a “market perform” rating in a report on Friday, January 19th. They noted that the move was a valuation call. Finally, Raymond James Financial raised Chipotle Mexican Grill from an “underperform” rating to a “market perform” rating in a report on Friday, January 19th. Nine investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $337.78.
NYSE:CMG traded down $9.64 on Friday, reaching $318.07. 633,603 shares of the company’s stock traded hands, compared to its average volume of 712,517. The stock has a market cap of $8,883.70, a PE ratio of 48.19, a P/E/G ratio of 2.19 and a beta of 0.55. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $499.00.
In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage purchased 420,322 shares of Chipotle Mexican Grill stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $318.14 per share, with a total value of $133,721,241.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul T. Cappuccio purchased 500 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, February 15th. The shares were acquired at an average cost of $290.88 per share, for a total transaction of $145,440.00. Following the completion of the transaction, the director now owns 766 shares of the company’s stock, valued at approximately $222,814.08. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 423,822 shares of company stock worth $134,819,781. Insiders own 2.01% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado grew its holdings in shares of Chipotle Mexican Grill by 3.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 5,076 shares of the restaurant operator’s stock valued at $1,467,000 after buying an additional 161 shares during the last quarter. Gagnon Securities LLC grew its holdings in shares of Chipotle Mexican Grill by 8.5% during the third quarter. Gagnon Securities LLC now owns 2,424 shares of the restaurant operator’s stock valued at $746,000 after buying an additional 190 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Chipotle Mexican Grill by 10.5% during the fourth quarter. OppenheimerFunds Inc. now owns 2,113 shares of the restaurant operator’s stock valued at $611,000 after buying an additional 200 shares during the last quarter. Flinton Capital Management LLC grew its holdings in shares of Chipotle Mexican Grill by 12.5% during the fourth quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock valued at $583,000 after buying an additional 224 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in shares of Chipotle Mexican Grill by 75.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after buying an additional 246 shares during the last quarter. 84.11% of the stock is currently owned by hedge funds and other institutional investors.
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Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.
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