Chipotle Mexican Grill, Inc. (NYSE:CMG) Expected to Post Earnings of $3.10 Per Share

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Wall Street brokerages predict that Chipotle Mexican Grill, Inc. (NYSE:CMG) will report earnings per share (EPS) of $3.10 for the current fiscal quarter, according to Zacks. Thirteen analysts have provided estimates for Chipotle Mexican Grill’s earnings, with estimates ranging from $2.79 to $3.45. Chipotle Mexican Grill posted earnings per share of $2.16 during the same quarter last year, which would suggest a positive year-over-year growth rate of 43.5%. The company is scheduled to issue its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Chipotle Mexican Grill will report full year earnings of $13.20 per share for the current year, with EPS estimates ranging from $12.28 to $13.91. For the next year, analysts expect that the company will post earnings of $17.07 per share, with EPS estimates ranging from $14.83 to $19.85. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, July 23rd. The restaurant operator reported $3.99 EPS for the quarter, beating the Zacks’ consensus estimate of $3.68 by $0.31. Chipotle Mexican Grill had a net margin of 4.80% and a return on equity of 21.50%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the firm posted $2.87 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year.

A number of equities research analysts have commented on the stock. Mizuho increased their price objective on shares of Chipotle Mexican Grill from $420.00 to $500.00 and gave the company an “underperform” rating in a research report on Wednesday, July 24th. Piper Jaffray Companies upped their target price on shares of Chipotle Mexican Grill from $824.00 to $900.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their target price on shares of Chipotle Mexican Grill from $620.00 to $640.00 and gave the company an “underperform” rating in a report on Wednesday, July 24th. Goldman Sachs Group initiated coverage on shares of Chipotle Mexican Grill in a report on Monday, July 29th. They issued a “buy” rating and a $1,000.00 target price for the company. Finally, Stephens upped their target price on shares of Chipotle Mexican Grill from $650.00 to $700.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $700.26.

Shares of NYSE:CMG opened at $816.96 on Friday. Chipotle Mexican Grill has a 52 week low of $383.20 and a 52 week high of $822.88. The firm has a 50 day moving average price of $763.91. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 1.52. The stock has a market cap of $22.67 billion, a P/E ratio of 90.17, a PEG ratio of 3.30 and a beta of 0.72.

In related news, insider Scott Boatwright sold 1,805 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $740.22, for a total transaction of $1,336,097.10. Following the completion of the sale, the insider now owns 8,869 shares in the company, valued at approximately $6,565,011.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Albert S. Baldocchi sold 1,164 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $775.00, for a total transaction of $902,100.00. Following the completion of the sale, the director now owns 72,756 shares of the company’s stock, valued at approximately $56,385,900. The disclosure for this sale can be found here. In the last quarter, insiders have sold 157,802 shares of company stock valued at $119,632,226. 2.21% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Chipotle Mexican Grill by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 309,980 shares of the restaurant operator’s stock worth $133,605,000 after buying an additional 27,247 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in shares of Chipotle Mexican Grill in the fourth quarter worth about $281,000. We Are One Seven LLC increased its holdings in shares of Chipotle Mexican Grill by 49.3% in the first quarter. We Are One Seven LLC now owns 333 shares of the restaurant operator’s stock worth $236,000 after buying an additional 110 shares during the period. NuWave Investment Management LLC increased its holdings in shares of Chipotle Mexican Grill by 2,087.5% in the first quarter. NuWave Investment Management LLC now owns 175 shares of the restaurant operator’s stock worth $124,000 after buying an additional 167 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Chipotle Mexican Grill in the first quarter worth about $479,000. Institutional investors own 95.45% of the company’s stock.

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

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