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.
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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