Zacks: Analysts Expect Chipotle Mexican Grill, Inc. (NYSE:CMG) Will Post Earnings of $5.21 Per Share

Wall Street brokerages expect Chipotle Mexican Grill, Inc. (NYSE:CMG) to announce earnings per share of $5.21 for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Chipotle Mexican Grill’s earnings, with the highest EPS estimate coming in at $5.50 and the lowest estimate coming in at $4.95. Chipotle Mexican Grill posted earnings per share of $3.48 in the same quarter last year, which indicates a positive year-over-year growth rate of 49.7%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 1st.

According to Zacks, analysts expect that Chipotle Mexican Grill will report full-year earnings of $25.04 per share for the current fiscal year, with EPS estimates ranging from $24.77 to $25.34. For the next financial year, analysts expect that the business will post earnings of $32.93 per share, with EPS estimates ranging from $28.61 to $36.25. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, October 20th. The restaurant operator reported $7.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $6.32 by $0.70. Chipotle Mexican Grill had a return on equity of 30.92% and a net margin of 9.88%. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $3.76 earnings per share.

CMG has been the subject of a number of recent analyst reports. Truist Securities upped their target price on Chipotle Mexican Grill from $1,800.00 to $2,180.00 and gave the company a “buy” rating in a report on Friday, October 22nd. Wells Fargo & Company decreased their target price on Chipotle Mexican Grill from $2,180.00 to $2,069.00 and set an “overweight” rating for the company in a report on Friday, October 22nd. Evercore ISI upped their target price on Chipotle Mexican Grill from $1,950.00 to $2,200.00 and gave the company an “outperform” rating in a report on Wednesday, September 29th. Credit Suisse Group upped their target price on Chipotle Mexican Grill from $2,075.00 to $2,200.00 and gave the company an “outperform” rating in a report on Friday, October 22nd. Finally, UBS Group upped their price target on Chipotle Mexican Grill from $1,850.00 to $2,100.00 and gave the stock a “buy” rating in a research note on Monday, October 4th. Eight investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $1,992.48.

In other news, Director Pershing Square Capital Manage purchased 15,778 shares of the business’s stock in a transaction on Friday, September 3rd. The stock was acquired at an average price of $1,910.71 per share, for a total transaction of $30,147,182.38. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jack Hartung sold 12,023 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, August 27th. The stock was sold at an average price of $1,920.83, for a total value of $23,094,139.09. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Chipotle Mexican Grill by 3.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,369,833 shares of the restaurant operator’s stock valued at $3,674,047,000 after acquiring an additional 75,365 shares during the period. State Street Corp increased its holdings in shares of Chipotle Mexican Grill by 1.6% in the 2nd quarter. State Street Corp now owns 1,101,621 shares of the restaurant operator’s stock valued at $1,707,887,000 after acquiring an additional 17,115 shares during the period. Capital International Investors increased its holdings in shares of Chipotle Mexican Grill by 1.5% in the 2nd quarter. Capital International Investors now owns 851,948 shares of the restaurant operator’s stock valued at $1,320,566,000 after acquiring an additional 12,904 shares during the period. Jennison Associates LLC increased its holdings in shares of Chipotle Mexican Grill by 1.8% in the 3rd quarter. Jennison Associates LLC now owns 728,642 shares of the restaurant operator’s stock valued at $1,324,321,000 after acquiring an additional 12,644 shares during the period. Finally, Capital World Investors increased its holdings in shares of Chipotle Mexican Grill by 11.8% in the 3rd quarter. Capital World Investors now owns 723,434 shares of the restaurant operator’s stock valued at $1,314,856,000 after acquiring an additional 76,473 shares during the period. 90.25% of the stock is owned by institutional investors and hedge funds.

CMG stock traded down $0.54 during midday trading on Thursday, hitting $1,707.93. The company had a trading volume of 108,965 shares, compared to its average volume of 268,720. Chipotle Mexican Grill has a 52 week low of $1,256.27 and a 52 week high of $1,958.55. The stock’s 50 day moving average price is $1,821.79 and its 200 day moving average price is $1,697.21. The stock has a market cap of $48.05 billion, a price-to-earnings ratio of 68.54 and a beta of 1.26.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.

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Earnings History and Estimates for Chipotle Mexican Grill (NYSE:CMG)

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