FY2022 EPS Estimates for Chipotle Mexican Grill, Inc. Cut by KeyCorp (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) – KeyCorp reduced their FY2022 EPS estimates for shares of Chipotle Mexican Grill in a research report issued to clients and investors on Tuesday, July 26th. KeyCorp analyst E. Gonzalez now anticipates that the restaurant operator will post earnings per share of $32.67 for the year, down from their previous estimate of $33.07. KeyCorp currently has a “Overweight” rating and a $1,750.00 target price on the stock. The consensus estimate for Chipotle Mexican Grill’s current full-year earnings is $31.10 per share. KeyCorp also issued estimates for Chipotle Mexican Grill’s FY2023 earnings at $42.43 EPS.

A number of other brokerages have also recently commented on CMG. Barclays lifted their target price on shares of Chipotle Mexican Grill from $1,335.00 to $1,400.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Chipotle Mexican Grill from $1,505.00 to $1,503.00 and set a “hold” rating on the stock in a research report on Wednesday. Bank of America initiated coverage on shares of Chipotle Mexican Grill in a research report on Wednesday, May 11th. They issued a “buy” rating on the stock. TheStreet upgraded shares of Chipotle Mexican Grill from a “c+” rating to a “b” rating in a research report on Monday, April 18th. Finally, UBS Group decreased their target price on shares of Chipotle Mexican Grill from $2,100.00 to $1,900.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,817.00.

Chipotle Mexican Grill Stock Performance

Chipotle Mexican Grill stock opened at $1,538.88 on Thursday. The firm’s fifty day moving average price is $1,325.37 and its 200-day moving average price is $1,428.76. The stock has a market cap of $43.03 billion, a P/E ratio of 57.61, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27. Chipotle Mexican Grill has a fifty-two week low of $1,196.28 and a fifty-two week high of $1,958.55.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The restaurant operator reported $9.30 earnings per share for the quarter, beating the consensus estimate of $9.04 by $0.26. Chipotle Mexican Grill had a net margin of 9.28% and a return on equity of 34.77%. During the same quarter in the previous year, the company posted $7.46 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Chipotle Mexican Grill by 8.2% during the first quarter. BlackRock Inc. now owns 2,130,266 shares of the restaurant operator’s stock valued at $3,370,144,000 after purchasing an additional 161,088 shares during the last quarter. State Street Corp raised its holdings in shares of Chipotle Mexican Grill by 3.7% during the fourth quarter. State Street Corp now owns 1,133,470 shares of the restaurant operator’s stock valued at $1,981,589,000 after purchasing an additional 39,982 shares during the last quarter. Capital World Investors raised its holdings in shares of Chipotle Mexican Grill by 6.7% during the first quarter. Capital World Investors now owns 897,156 shares of the restaurant operator’s stock valued at $1,419,328,000 after purchasing an additional 56,023 shares during the last quarter. Capital International Investors raised its holdings in shares of Chipotle Mexican Grill by 17.7% during the first quarter. Capital International Investors now owns 884,040 shares of the restaurant operator’s stock valued at $1,398,438,000 after purchasing an additional 133,080 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Chipotle Mexican Grill by 0.9% during the first quarter. Jennison Associates LLC now owns 611,322 shares of the restaurant operator’s stock valued at $967,130,000 after purchasing an additional 5,307 shares during the last quarter. 89.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chipotle Mexican Grill news, CTO Curtis E. Garner sold 1,000 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $1,382.47, for a total value of $1,382,470.00. Following the completion of the transaction, the chief technology officer now directly owns 16,387 shares of the company’s stock, valued at $22,654,535.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Chipotle Mexican Grill news, Director Robin S. Hickenlooper sold 48 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $1,267.56, for a total value of $60,842.88. Following the completion of the transaction, the director now directly owns 927 shares of the company’s stock, valued at $1,175,028.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Curtis E. Garner sold 1,000 shares of Chipotle Mexican Grill stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $1,382.47, for a total transaction of $1,382,470.00. Following the completion of the transaction, the chief technology officer now directly owns 16,387 shares of the company’s stock, valued at $22,654,535.89. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Chipotle Mexican Grill Company Profile

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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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