Chipotle Mexican Grill, Inc. Expected to Earn Q2 2022 Earnings of $9.33 Per Share (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) – Research analysts at KeyCorp dropped their Q2 2022 earnings per share (EPS) estimates for Chipotle Mexican Grill in a report issued on Tuesday, April 26th. KeyCorp analyst E. Gonzalez now anticipates that the restaurant operator will post earnings per share of $9.33 for the quarter, down from their previous forecast of $9.41. KeyCorp currently has a “Overweight” rating and a $1,900.00 target price on the stock. KeyCorp also issued estimates for Chipotle Mexican Grill’s Q3 2022 earnings at $9.20 EPS, FY2022 earnings at $33.07 EPS and FY2023 earnings at $43.07 EPS.

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

Several other analysts have also commented on the stock. StockNews.com started coverage on shares of Chipotle Mexican Grill in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley cut their price target on shares of Chipotle Mexican Grill from $1,920.00 to $1,903.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 9th. Jefferies Financial Group cut their price target on shares of Chipotle Mexican Grill from $1,710.00 to $1,530.00 and set a “hold” rating on the stock in a research note on Wednesday. Barclays dropped their price objective on shares of Chipotle Mexican Grill from $1,630.00 to $1,585.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Chipotle Mexican Grill from $1,696.00 to $1,724.00 in a research report on Thursday. Eight research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill presently has an average rating of “Buy” and a consensus target price of $1,948.82.

Shares of CMG opened at $1,500.82 on Friday. The firm’s 50-day moving average is $1,524.56 and its two-hundred day moving average is $1,614.01. Chipotle Mexican Grill has a twelve month low of $1,277.41 and a twelve month high of $1,958.55. The firm has a market capitalization of $42.05 billion, a P/E ratio of 65.48, a PEG ratio of 2.41 and a beta of 1.31.

In other news, insider Marissa Andrada sold 1,456 shares of the firm’s stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $1,480.76, for a total value of $2,155,986.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Large investors have recently modified their holdings of the stock. Evolution Wealth Advisors LLC raised its position in shares of Chipotle Mexican Grill by 10.2% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 65 shares of the restaurant operator’s stock worth $118,000 after buying an additional 6 shares in the last quarter. Glassman Wealth Services raised its position in shares of Chipotle Mexican Grill by 12.3% during the 3rd quarter. Glassman Wealth Services now owns 64 shares of the restaurant operator’s stock worth $116,000 after buying an additional 7 shares in the last quarter. Buckingham Strategic Wealth LLC raised its position in shares of Chipotle Mexican Grill by 2.3% during the 3rd quarter. Buckingham Strategic Wealth LLC now owns 318 shares of the restaurant operator’s stock worth $578,000 after buying an additional 7 shares in the last quarter. Clark Capital Management Group Inc. raised its position in shares of Chipotle Mexican Grill by 2.0% during the 3rd quarter. Clark Capital Management Group Inc. now owns 352 shares of the restaurant operator’s stock worth $640,000 after buying an additional 7 shares in the last quarter. Finally, Mission Wealth Management LP raised its position in shares of Chipotle Mexican Grill by 5.6% during the 4th quarter. Mission Wealth Management LP now owns 131 shares of the restaurant operator’s stock worth $229,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors 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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