Brokerages Anticipate Chipotle Mexican Grill, Inc. (CMG) Will Post Quarterly Sales of $1.26 Billion

Equities analysts expect Chipotle Mexican Grill, Inc. (NYSE:CMG) to report $1.26 billion in sales for the current quarter, Zacks Investment Research reports. Twelve analysts have made estimates for Chipotle Mexican Grill’s earnings, with the lowest sales estimate coming in at $1.21 billion and the highest estimate coming in at $1.31 billion. Chipotle Mexican Grill reported sales of $1.15 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.6%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, April 24th.

On average, analysts expect that Chipotle Mexican Grill will report full year sales of $5.29 billion for the current financial year, with estimates ranging from $5.11 billion to $5.37 billion. For the next year, analysts expect that the business will report sales of $5.86 billion, with estimates ranging from $5.69 billion to $6.02 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 EPS for the quarter, topping the consensus estimate of $1.38 by $0.34. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Chipotle Mexican Grill had a net margin of 3.63% and a return on equity of 17.64%. Chipotle Mexican Grill’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.34 EPS.

A number of equities analysts recently weighed in on the stock. Robert W. Baird restated an “outperform” rating and set a $760.00 target price (up from $650.00) on shares of Chipotle Mexican Grill in a report on Wednesday, March 27th. Zacks Investment Research downgraded shares of Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Wedbush upgraded shares of Chipotle Mexican Grill from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $500.00 to $640.00 in a report on Friday, March 22nd. BMO Capital Markets upped their price objective on shares of Chipotle Mexican Grill from $420.00 to $540.00 and gave the company a “market perform” rating in a report on Thursday, February 7th. Finally, Loop Capital upped their price objective on shares of Chipotle Mexican Grill to $630.00 and gave the company a “positive” rating in a report on Thursday, February 7th. Eight investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $534.73.

Shares of CMG stock traded down $0.94 during trading on Thursday, reaching $704.80. The company’s stock had a trading volume of 556,832 shares, compared to its average volume of 715,318. The firm has a market cap of $19.65 billion, a PE ratio of 77.79, a P/E/G ratio of 3.29 and a beta of 0.67. Chipotle Mexican Grill has a one year low of $311.00 and a one year high of $715.62.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 20,000 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $594.65, for a total transaction of $11,893,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jack Hartung sold 1,188 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $680.00, for a total value of $807,840.00. Following the transaction, the chief financial officer now owns 37,472 shares in the company, valued at $25,480,960. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,788 shares of company stock valued at $31,629,459. Insiders own 2.19% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Bruderman Asset Management LLC purchased a new stake in Chipotle Mexican Grill in the 4th quarter worth about $39,000. Captrust Financial Advisors grew its holdings in Chipotle Mexican Grill by 44.0% during the 4th quarter. Captrust Financial Advisors now owns 167 shares of the restaurant operator’s stock valued at $72,000 after buying an additional 51 shares in the last quarter. Huntington National Bank grew its holdings in Chipotle Mexican Grill by 19.9% during the 4th quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock valued at $73,000 after buying an additional 28 shares in the last quarter. Clean Yield Group purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $86,000. Finally, We Are One Seven LLC purchased a new position in Chipotle Mexican Grill during the 4th quarter valued at about $96,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated approximately 2,500 restaurants in the United States, Canada, the United Kingdom, France, and Germany. 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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