$2.95 Earnings Per Share Expected for Chipotle Mexican Grill, Inc. (CMG) This Quarter

Equities analysts expect Chipotle Mexican Grill, Inc. (NYSE:CMG) to report $2.95 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Chipotle Mexican Grill’s earnings, with the lowest EPS estimate coming in at $2.32 and the highest estimate coming in at $3.97. Chipotle Mexican Grill reported earnings of $2.13 per share during the same quarter last year, which would indicate a positive year over year growth rate of 38.5%. The business is expected to issue its next earnings report after the market closes on Wednesday, April 24th.

On average, analysts expect that Chipotle Mexican Grill will report full year earnings of $12.51 per share for the current fiscal year, with EPS estimates ranging from $11.06 to $14.45. For the next year, analysts expect that the firm will post earnings of $15.77 per share, with EPS estimates ranging from $13.22 to $18.83. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Chipotle Mexican Grill.

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

Several equities research analysts have weighed in on CMG shares. Robert W. Baird increased their price objective on Chipotle Mexican Grill from $525.00 to $560.00 and gave the stock an “average” rating in a report on Wednesday, January 16th. Zacks Investment Research upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $597.00 price objective for the company in a report on Thursday, January 31st. BTIG Research increased their price objective on Chipotle Mexican Grill from $515.00 to $605.00 and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Jefferies Financial Group increased their price objective on Chipotle Mexican Grill to $600.00 and gave the stock a “buy” rating in a report on Thursday, February 7th. Finally, Argus reiterated a “buy” rating and issued a $770.00 price objective (up previously from $670.00) on shares of Chipotle Mexican Grill in a report on Thursday, March 21st. Seven research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $570.70.

In other news, CFO Jack Hartung sold 4,907 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $625.21, for a total value of $3,067,905.47. Following the completion of the transaction, the chief financial officer now owns 45,237 shares of the company’s stock, valued at approximately $28,282,624.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pershing Square Capital Manage sold 20,000 shares of the stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $594.65, for a total value of $11,893,000.00. The disclosure for this sale can be found here. Insiders sold a total of 51,788 shares of company stock valued at $31,629,459 in the last three months. Corporate insiders own 2.21% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CMG. Norges Bank bought a new position in Chipotle Mexican Grill during the 4th quarter valued at approximately $104,491,000. AQR Capital Management LLC increased its position in Chipotle Mexican Grill by 2,464.4% during the 3rd quarter. AQR Capital Management LLC now owns 218,202 shares of the restaurant operator’s stock valued at $99,177,000 after buying an additional 209,693 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Chipotle Mexican Grill by 101.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 307,230 shares of the restaurant operator’s stock valued at $132,659,000 after buying an additional 154,428 shares in the last quarter. American Century Companies Inc. increased its position in Chipotle Mexican Grill by 42.3% during the 4th quarter. American Century Companies Inc. now owns 443,485 shares of the restaurant operator’s stock valued at $191,492,000 after buying an additional 131,803 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in Chipotle Mexican Grill by 49.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 331,713 shares of the restaurant operator’s stock valued at $150,770,000 after buying an additional 109,062 shares in the last quarter. 93.07% of the stock is owned by institutional investors.

NYSE CMG opened at $700.00 on Thursday. Chipotle Mexican Grill has a fifty-two week low of $326.00 and a fifty-two week high of $721.21. The company has a market capitalization of $19.41 billion, a price-to-earnings ratio of 77.26, a price-to-earnings-growth ratio of 3.17 and a beta of 0.68.

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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