Q2 2024 EPS Estimates for Chipotle Mexican Grill, Inc. (NYSE:CMG) Boosted by William Blair

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities research analysts at William Blair increased their Q2 2024 earnings estimates for Chipotle Mexican Grill in a note issued to investors on Wednesday, April 24th. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $15.52 for the quarter, up from their previous forecast of $14.65. The consensus estimate for Chipotle Mexican Grill’s current full-year earnings is $55.08 per share. William Blair also issued estimates for Chipotle Mexican Grill’s Q3 2024 earnings at $13.61 EPS, Q4 2024 earnings at $11.51 EPS, FY2024 earnings at $54.01 EPS and FY2025 earnings at $67.19 EPS.

CMG has been the subject of several other reports. BTIG Research lifted their target price on Chipotle Mexican Grill from $3,250.00 to $3,350.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group raised their price target on Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the company a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on Chipotle Mexican Grill from $3,400.00 to $3,600.00 and gave the company a “buy” rating in a report on Thursday. TD Cowen increased their target price on shares of Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Sanford C. Bernstein boosted their price target on shares of Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Ten equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3,137.12.

Chipotle Mexican Grill Stock Up 2.4 %

CMG stock opened at $3,186.97 on Monday. Chipotle Mexican Grill has a twelve month low of $1,768.64 and a twelve month high of $3,199.99. The stock has a market capitalization of $87.55 billion, a price-to-earnings ratio of 68.01, a price-to-earnings-growth ratio of 2.67 and a beta of 1.28. The firm’s fifty day simple moving average is $2,822.95 and its two-hundred day simple moving average is $2,434.49.

Chipotle Mexican Grill shares are scheduled 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 distributed to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share for the quarter, topping the consensus estimate of $11.63 by $1.74. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.67 billion.

Insider Buying and Selling at Chipotle Mexican Grill

In related news, insider Roger E. Theodoredis sold 898 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the sale, the insider now directly owns 1,529 shares of the company’s stock, valued at $4,009,420.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Roger E. Theodoredis sold 898 shares of the company’s 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 transaction, the insider now owns 1,529 shares of the company’s stock, valued at approximately $4,009,420.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher W. Brandt sold 3,149 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,797 shares of company stock valued at $13,530,931. 0.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chipotle Mexican Grill

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwest Bancshares Inc. purchased a new stake in Chipotle Mexican Grill during the 1st quarter worth approximately $331,000. SlateStone Wealth LLC acquired a new stake in shares of Chipotle Mexican Grill in the first quarter worth approximately $265,000. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $230,000. Emerald Advisors LLC acquired a new position in Chipotle Mexican Grill in the 1st quarter valued at $872,000. Finally, Meridian Wealth Management LLC lifted its holdings in Chipotle Mexican Grill by 4.0% in the 1st quarter. Meridian Wealth Management LLC now owns 234 shares of the restaurant operator’s stock valued at $680,000 after purchasing an additional 9 shares in the last quarter. 91.31% of the stock is owned by hedge funds and other institutional investors.

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.