Analysts Offer Predictions for Chipotle Mexican Grill, Inc.’s Q2 2019 Earnings (CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities research analysts at Piper Jaffray Companies upped their Q2 2019 earnings per share estimates for shares of Chipotle Mexican Grill in a research report issued to clients and investors on Sunday, May 19th. Piper Jaffray Companies analyst N. Regan now anticipates that the restaurant operator will post earnings of $3.19 per share for the quarter, up from their previous forecast of $3.10. Piper Jaffray Companies has a “Overweight” rating and a $783.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Chipotle Mexican Grill’s FY2019 earnings at $12.09 EPS, Q2 2020 earnings at $4.59 EPS and FY2021 earnings at $20.36 EPS.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $3.40 EPS for the quarter, topping the consensus estimate of $3.01 by $0.39. Chipotle Mexican Grill had a net margin of 4.08% and a return on equity of 19.78%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the business posted $2.13 EPS. The firm’s revenue was up 13.9% on a year-over-year basis.

CMG has been the subject of several other research reports. Zacks Investment Research upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $589.00 price target for the company in a report on Friday, February 8th. BTIG Research boosted their price target on shares of Chipotle Mexican Grill to $620.00 and gave the stock a “positive” rating in a report on Thursday, February 7th. SunTrust Banks boosted their price target on shares of Chipotle Mexican Grill to $780.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Maxim Group reiterated a “hold” rating and set a $635.00 price target (up previously from $620.00) on shares of Chipotle Mexican Grill in a report on Thursday, April 25th. Finally, Argus boosted their price target on shares of Chipotle Mexican Grill from $770.00 to $840.00 in a report on Thursday, April 25th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Chipotle Mexican Grill presently has a consensus rating of “Hold” and an average target price of $643.79.

NYSE CMG opened at $718.00 on Tuesday. Chipotle Mexican Grill has a 52 week low of $383.20 and a 52 week high of $727.00. The company has a market cap of $19.84 billion, a price-to-earnings ratio of 79.25, a PEG ratio of 2.88 and a beta of 0.64.

A number of hedge funds have recently added to or reduced their stakes in the stock. Allstate Corp purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at $650,000. EP Wealth Advisors LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at $213,000. Cleararc Capital Inc. purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at $281,000. Horizon Investments LLC purchased a new stake in Chipotle Mexican Grill in the 1st quarter valued at $295,000. Finally, FMR LLC raised its position in Chipotle Mexican Grill by 88.7% in the 1st quarter. FMR LLC now owns 1,143,585 shares of the restaurant operator’s stock valued at $812,301,000 after purchasing an additional 537,677 shares during the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.

In related news, CFO Jack Hartung sold 4,907 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $625.21, for a total value of $3,067,905.47. Following the completion of the sale, the chief financial officer now owns 45,237 shares in the company, valued at approximately $28,282,624.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 12,658 shares of company stock valued at $8,180,702. Company insiders own 2.21% 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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