Chipotle Mexican Grill, Inc. to Post Q2 2022 Earnings of $9.31 Per Share, Oppenheimer Forecasts (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) – Equities researchers at Oppenheimer boosted their Q2 2022 earnings per share (EPS) estimates for shares of Chipotle Mexican Grill in a report issued on Wednesday, April 27th. Oppenheimer analyst B. Bittner now expects that the restaurant operator will post earnings per share of $9.31 for the quarter, up from their previous forecast of $9.13. Oppenheimer has a “Outperform” rating and a $1,925.00 price objective on the stock. Oppenheimer also issued estimates for Chipotle Mexican Grill’s Q3 2022 earnings at $9.43 EPS, Q4 2022 earnings at $8.75 EPS, FY2022 earnings at $33.16 EPS and FY2023 earnings at $44.24 EPS.

CMG has been the topic of several other reports. StockNews.com assumed coverage on Chipotle Mexican Grill in a report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley cut their price target on Chipotle Mexican Grill from $1,920.00 to $1,903.00 and set an “overweight” rating on the stock in a report on Wednesday, February 9th. Barclays cut their price target on Chipotle Mexican Grill from $1,630.00 to $1,585.00 and set an “equal weight” rating on the stock in a report on Wednesday. William Blair reiterated an “outperform” rating on shares of Chipotle Mexican Grill in a report on Tuesday, February 8th. Finally, Cowen cut their price target on Chipotle Mexican Grill from $1,950.00 to $1,830.00 in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $1,948.82.

CMG opened at $1,475.63 on Thursday. The stock’s fifty day moving average is $1,525.01 and its two-hundred day moving average is $1,615.97. The company has a market capitalization of $41.35 billion, a P/E ratio of 64.38, a PEG ratio of 2.41 and a beta of 1.31. Chipotle Mexican Grill has a 52 week low of $1,277.41 and a 52 week high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The restaurant operator reported $5.70 EPS for the quarter, topping the consensus estimate of $5.64 by $0.06. Chipotle Mexican Grill had a return on equity of 32.65% and a net margin of 8.65%. During the same quarter in the prior year, the company posted $5.36 EPS.

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 stock was sold at an average price of $1,480.76, for a total transaction of $2,155,986.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of CMG. Confluence Wealth Services Inc. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $27,000. James Reed Financial Services Inc. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $27,000. Riverview Trust Co purchased a new stake in shares of Chipotle Mexican Grill in the first quarter valued at approximately $27,000. Benjamin Edwards Inc. purchased a new stake in shares of Chipotle Mexican Grill in the fourth quarter valued at approximately $28,000. Finally, Equitec Proprietary Markets LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Chipotle Mexican Grill Company Profile (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.

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

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