Wall Street analysts predict that Chipotle Mexican Grill, Inc. (NYSE:CMG) will post $1.31 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for Chipotle Mexican Grill’s earnings, with estimates ranging from $1.04 to $1.62. Chipotle Mexican Grill posted earnings per share of $1.34 during the same quarter last year, which indicates a negative year over year growth rate of 2.2%. The business is expected to report its next earnings results after the market closes on Wednesday, February 6th.
On average, analysts expect that Chipotle Mexican Grill will report full year earnings of $8.47 per share for the current financial year, with EPS estimates ranging from $8.20 to $8.78. For the next financial year, analysts expect that the company will report earnings of $11.98 per share, with EPS estimates ranging from $10.58 to $14.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Chipotle Mexican Grill.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion.
A number of analysts have recently commented on CMG shares. Piper Jaffray Companies set a $550.00 price objective on Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Monday, October 22nd. Wells Fargo & Co boosted their price objective on Chipotle Mexican Grill from $415.00 to $420.00 and gave the stock a “market perform” rating in a research note on Friday, October 26th. Gordon Haskett started coverage on Chipotle Mexican Grill in a research note on Thursday, October 18th. They issued an “underperform” rating and a $385.00 price objective on the stock. Wedbush downgraded Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $450.00 to $445.00 in a research note on Monday, August 27th. Finally, Citigroup boosted their price objective on Chipotle Mexican Grill from $506.00 to $573.00 and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Nine investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $431.72.
Shares of CMG traded down $2.51 during midday trading on Friday, reaching $467.43. The stock had a trading volume of 709,534 shares, compared to its average volume of 552,193. Chipotle Mexican Grill has a 52 week low of $247.51 and a 52 week high of $530.68. The company has a market capitalization of $13.06 billion, a PE ratio of 70.82, a P/E/G ratio of 3.11 and a beta of 0.23.
In other news, Director Pershing Square Capital Manage sold 118,307 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $472.05, for a total transaction of $55,846,819.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.19% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Clearbridge Investments LLC raised its position in Chipotle Mexican Grill by 1.5% during the third quarter. Clearbridge Investments LLC now owns 678,507 shares of the restaurant operator’s stock valued at $308,395,000 after buying an additional 10,206 shares during the period. Carnegie Capital Asset Management LLC raised its position in Chipotle Mexican Grill by 98.7% during the third quarter. Carnegie Capital Asset Management LLC now owns 4,475 shares of the restaurant operator’s stock valued at $2,117,000 after buying an additional 2,223 shares during the period. Vanguard Group Inc. raised its position in Chipotle Mexican Grill by 1.9% during the third quarter. Vanguard Group Inc. now owns 2,590,430 shares of the restaurant operator’s stock valued at $1,177,403,000 after buying an additional 47,822 shares during the period. Morgan Stanley raised its position in Chipotle Mexican Grill by 8.4% during the third quarter. Morgan Stanley now owns 207,016 shares of the restaurant operator’s stock valued at $94,093,000 after buying an additional 16,062 shares during the period. Finally, Kepos Capital LP acquired a new position in Chipotle Mexican Grill during the third quarter valued at $3,771,000. 91.40% of the stock is currently owned by hedge funds and other institutional investors.
About Chipotle Mexican Grill
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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