William Blair Analysts Lift Earnings Estimates for Chipotle Mexican Grill, Inc. (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMGGet Rating) – Analysts at William Blair upped their Q3 2022 earnings estimates for Chipotle Mexican Grill in a report released on Tuesday, July 26th. William Blair analyst S. Zackfia now expects that the restaurant operator will earn $8.96 per share for the quarter, up from their prior forecast of $8.22. The consensus estimate for Chipotle Mexican Grill’s current full-year earnings is $31.10 per share. William Blair also issued estimates for Chipotle Mexican Grill’s Q4 2022 earnings at $8.50 EPS and FY2022 earnings at $32.44 EPS.

A number of other equities analysts also recently commented on the company. OTR Global upgraded Chipotle Mexican Grill from a “mixed” rating to a “positive” rating in a report on Monday, June 27th. Morgan Stanley increased their price target on Chipotle Mexican Grill from $1,768.00 to $1,808.00 and gave the company an “overweight” rating in a report on Wednesday. BTIG Research lowered their price target on Chipotle Mexican Grill from $1,975.00 to $1,825.00 and set an “outperform” rating on the stock in a report on Wednesday. Wedbush lowered their price target on Chipotle Mexican Grill from $2,000.00 to $1,800.00 and set an “outperform” rating on the stock in a report on Thursday, June 2nd. Finally, TheStreet upgraded Chipotle Mexican Grill from a “c+” rating to a “b” rating in a report on Monday, April 18th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,817.00.

Chipotle Mexican Grill Stock Performance

NYSE:CMG opened at $1,564.22 on Friday. The stock’s 50 day moving average price is $1,330.77 and its 200 day moving average price is $1,428.64. Chipotle Mexican Grill has a 52 week low of $1,196.28 and a 52 week high of $1,958.55. The company has a market capitalization of $43.74 billion, a P/E ratio of 58.56, a P/E/G ratio of 1.83 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMGGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The restaurant operator reported $9.30 EPS for the quarter, topping analysts’ consensus estimates of $9.04 by $0.26. Chipotle Mexican Grill had a return on equity of 34.77% and a net margin of 9.28%. During the same period in the prior year, the company earned $7.46 EPS.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Daiwa Securities Group Inc. increased its position in Chipotle Mexican Grill by 16.9% in the first quarter. Daiwa Securities Group Inc. now owns 4,979 shares of the restaurant operator’s stock worth $7,877,000 after purchasing an additional 718 shares during the period. Qube Research & Technologies Ltd grew its position in shares of Chipotle Mexican Grill by 1,340.2% during the 4th quarter. Qube Research & Technologies Ltd now owns 9,448 shares of the restaurant operator’s stock worth $16,517,000 after buying an additional 8,792 shares during the period. Fifth Third Bancorp grew its position in shares of Chipotle Mexican Grill by 58.9% during the 1st quarter. Fifth Third Bancorp now owns 4,900 shares of the restaurant operator’s stock worth $7,752,000 after buying an additional 1,817 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Chipotle Mexican Grill by 0.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,874 shares of the restaurant operator’s stock worth $2,965,000 after buying an additional 8 shares during the period. Finally, Desjardins Global Asset Management Inc. acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter worth about $2,056,000. 89.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, CTO Curtis E. Garner sold 1,000 shares of Chipotle Mexican Grill stock in a transaction on 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CTO Curtis E. Garner sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $1,382.47, for a total value of $1,382,470.00. Following the completion of the sale, the chief technology officer now directly owns 16,387 shares in the company, valued at $22,654,535.89. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robin S. Hickenlooper sold 48 shares of the firm’s stock in a transaction on 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 sale, the director now owns 927 shares of the company’s stock, valued at $1,175,028.12. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

About Chipotle Mexican Grill

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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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