$9.06 Earnings Per Share Expected for Chipotle Mexican Grill, Inc. (NYSE:CMG) This Quarter

Equities research analysts expect Chipotle Mexican Grill, Inc. (NYSE:CMG – Get Rating) to report earnings of $9.06 per share for the current quarter, Zacks reports. Twelve analysts have made estimates for Chipotle Mexican Grill’s earnings, with the lowest EPS estimate coming in at $8.59 and the highest estimate coming in at $9.55. Chipotle Mexican Grill posted earnings per share of $7.46 during the same quarter last year, which suggests a positive year-over-year growth rate of 21.4%. The company is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Chipotle Mexican Grill will report full year earnings of $31.55 per share for the current year, with EPS estimates ranging from $30.00 to $33.16. For the next year, analysts forecast that the firm will post earnings of $42.01 per share, with EPS estimates ranging from $38.50 to $46.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG – Get Rating) last posted its earnings results on Tuesday, April 26th. The restaurant operator reported $5.70 EPS for the quarter, topping the consensus estimate of $5.63 by $0.07. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. Chipotle Mexican Grill had a return on equity of 32.88% and a net margin of 8.74%. During the same period last year, the company earned $5.36 earnings per share.

A number of research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Chipotle Mexican Grill from $1,900.00 to $1,926.00 in a research report on Wednesday, April 27th. Royal Bank of Canada cut their price objective on Chipotle Mexican Grill from $2,100.00 to $2,000.00 and set an “outperform” rating for the company in a research report on Friday, February 4th. William Blair reissued an “outperform” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, February 8th. Jefferies Financial Group reduced their price objective on shares of Chipotle Mexican Grill from $1,710.00 to $1,530.00 and set a “hold” rating for the company in a research report on Wednesday, April 27th. Finally, Barclays reduced their price target 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, April 27th. Eight analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Chipotle Mexican Grill has an average rating of “Buy” and an average target price of $1,948.82.

CMG opened at $1,294.11 on Friday. The stock has a market cap of $36.18 billion, a P/E ratio of 53.79, a P/E/G ratio of 1.74 and a beta of 1.29. The firm has a fifty day moving average price of $1,487.40 and a 200 day moving average price of $1,562.32. Chipotle Mexican Grill has a 1 year low of $1,233.25 and a 1 year high of $1,958.55.

In other Chipotle Mexican Grill news, insider Marissa Andrada sold 1,456 shares of the stock in a transaction dated Friday, March 11th. The stock was sold at an average price of $1,480.76, for a total value of $2,155,986.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robin S. Hickenlooper sold 48 shares of the business’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $1,267.56, for a total value of $60,842.88. Following the transaction, the director now directly owns 927 shares of the company’s stock, valued at $1,175,028.12. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CMG. Qube Research & Technologies Ltd grew its position in shares of Chipotle Mexican Grill by 1,340.2% in the 4th quarter. Qube Research & Technologies Ltd now owns 9,448 shares of the restaurant operator’s stock valued at $16,517,000 after buying an additional 8,792 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Chipotle Mexican Grill by 29.9% in the 4th quarter. State of Alaska Department of Revenue now owns 5,608 shares of the restaurant operator’s stock valued at $9,803,000 after purchasing an additional 1,292 shares during the last quarter. Desjardins Global Asset Management Inc. acquired a new stake in shares of Chipotle Mexican Grill in the 4th quarter valued at about $2,056,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Chipotle Mexican Grill by 16.5% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,449 shares of the restaurant operator’s stock worth $22,738,000 after buying an additional 1,907 shares during the last quarter. Finally, Kentucky Retirement Systems lifted its stake in Chipotle Mexican Grill by 6.2% in the fourth quarter. Kentucky Retirement Systems now owns 1,726 shares of the restaurant operator’s stock valued at $3,017,000 after buying an additional 101 shares during the last quarter. 89.85% of the stock is owned by institutional investors and hedge funds.

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.

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