Oppenheimer Analysts Boost Earnings Estimates for Chipotle Mexican Grill, Inc. (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) – Analysts at Oppenheimer lifted their Q1 2022 earnings per share estimates for Chipotle Mexican Grill in a research report issued to clients and investors on Wednesday, April 13th. Oppenheimer analyst B. Bittner now expects that the restaurant operator will earn $5.75 per share for the quarter, up from their prior estimate of $5.67. Oppenheimer currently has a “Outperform” rating and a $1,925.00 target price on the stock. Oppenheimer also issued estimates for Chipotle Mexican Grill’s FY2022 earnings at $32.86 EPS.

A number of other research firms also recently issued reports on CMG. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Chipotle Mexican Grill from $1,747.00 to $1,696.00 and set a “hold” rating for the company in a report on Wednesday, February 9th. KeyCorp upped their price target on shares of Chipotle Mexican Grill from $1,850.00 to $1,900.00 and gave the company an “overweight” rating in a research report on Thursday. StockNews.com began coverage on shares of Chipotle Mexican Grill in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Barclays dropped their price target on shares of Chipotle Mexican Grill from $1,845.00 to $1,630.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 9th. Finally, Gordon Haskett upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and dropped their price objective for the company from $1,800.00 to $1,750.00 in a research note on Wednesday, January 26th. Seven investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $1,975.69.

Shares of CMG stock opened at $1,603.17 on Friday. The firm has a market capitalization of $44.92 billion, a P/E ratio of 69.95, a PEG ratio of 2.54 and a beta of 1.31. The firm’s fifty day moving average price is $1,525.18 and its two-hundred day moving average price is $1,634.00. Chipotle Mexican Grill has a 1 year low of $1,277.41 and a 1 year high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last issued its quarterly earnings results on Tuesday, February 8th. The restaurant operator reported $5.58 earnings per share for the quarter, beating analysts’ consensus estimates of $5.18 by $0.40. Chipotle Mexican Grill had a net margin of 8.65% and a return on equity of 32.65%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business posted $3.48 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 22.0% compared to the same quarter last year.

In other Chipotle Mexican Grill news, insider Marissa Andrada sold 1,456 shares of the business’s stock in a transaction that occurred on Friday, March 11th. The shares were sold at an average price of $1,480.76, for a total transaction of $2,155,986.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Several institutional investors have recently modified their holdings of CMG. Norges Bank acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $449,935,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Chipotle Mexican Grill in the 4th quarter valued at $418,668,000. BlackRock Inc. boosted its holdings in shares of Chipotle Mexican Grill by 9.7% in the 4th quarter. BlackRock Inc. now owns 1,969,178 shares of the restaurant operator’s stock valued at $3,442,615,000 after buying an additional 173,771 shares in the last quarter. Capital World Investors raised its position in Chipotle Mexican Grill by 16.3% in the 4th quarter. Capital World Investors now owns 841,133 shares of the restaurant operator’s stock valued at $1,470,511,000 after purchasing an additional 117,699 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Chipotle Mexican Grill by 8,321.5% in the 3rd quarter. Two Sigma Investments LP now owns 82,215 shares of the restaurant operator’s stock valued at $149,427,000 after purchasing an additional 83,215 shares during the last quarter. Institutional investors and hedge funds own 89.90% of the company’s stock.

About Chipotle Mexican Grill (Get Rating)

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.

Further Reading

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

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