Chipotle Mexican Grill (CMG) Set to Announce Quarterly Earnings on Wednesday

Chipotle Mexican Grill (NYSE:CMG) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $11.34 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, topping analysts’ consensus estimates of $9.73 by $0.63. Chipotle Mexican Grill had a return on equity of 44.41% and a net margin of 12.45%. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the previous year, the firm earned $8.29 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. On average, analysts expect Chipotle Mexican Grill to post $53 EPS for the current fiscal year and $65 EPS for the next fiscal year.

Chipotle Mexican Grill Trading Up 0.2 %

NYSE CMG opened at $2,942.11 on Wednesday. The stock has a market cap of $80.67 billion, a PE ratio of 66.34, a P/E/G ratio of 2.53 and a beta of 1.28. Chipotle Mexican Grill has a 12 month low of $1,738.66 and a 12 month high of $3,023.98. The stock’s 50 day moving average is $2,768.10 and its 200 day moving average is $2,371.30.

Chipotle Mexican Grill’s stock is going to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, June 25th.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 898 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the completion of the sale, the insider now directly owns 1,529 shares in the company, valued at $4,009,420.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the sale, the insider now directly owns 8,563 shares in the company, valued at $25,071,093.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Roger E. Theodoredis sold 898 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total value of $2,354,780.50. Following the completion of the sale, the insider now owns 1,529 shares of the company’s stock, valued at $4,009,420.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,793 shares of company stock worth $18,321,152. 0.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CMG. Coppell Advisory Solutions LLC acquired a new stake in Chipotle Mexican Grill during the second quarter worth about $32,000. Cornerstone Planning Group LLC acquired a new stake in Chipotle Mexican Grill in the second quarter valued at approximately $39,000. Tyler Stone Wealth Management purchased a new position in shares of Chipotle Mexican Grill in the second quarter valued at approximately $43,000. IMA Wealth Inc. lifted its position in shares of Chipotle Mexican Grill by 185.7% in the first quarter. IMA Wealth Inc. now owns 20 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 13 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Chipotle Mexican Grill in the first quarter valued at approximately $50,000. 91.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMG. Robert W. Baird reaffirmed an “outperform” rating and set a $2,650.00 price objective on shares of Chipotle Mexican Grill in a report on Monday, January 22nd. Argus boosted their target price on Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. BTIG Research boosted their target price on Chipotle Mexican Grill from $2,750.00 to $3,250.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Wells Fargo & Company boosted their target price on Chipotle Mexican Grill from $2,600.00 to $2,800.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Finally, Jefferies Financial Group boosted their target price on Chipotle Mexican Grill from $2,350.00 to $2,700.00 and gave the company a “hold” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $2,719.86.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.