Chipotle Mexican Grill, Inc. (NYSE:CMG) – Stock analysts at Northcoast Research reduced their FY2020 EPS estimates for shares of Chipotle Mexican Grill in a research note issued on Tuesday, July 28th. Northcoast Research analyst J. Sanderson now expects that the restaurant operator will earn $9.94 per share for the year, down from their previous forecast of $11.70. Northcoast Research also issued estimates for Chipotle Mexican Grill’s Q4 2020 earnings at $3.49 EPS.
Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, July 22nd. The restaurant operator reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. Chipotle Mexican Grill had a return on equity of 17.24% and a net margin of 4.55%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion.
Other equities analysts also recently issued research reports about the company. Robert W. Baird lifted their price objective on Chipotle Mexican Grill from $950.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. KeyCorp lifted their price objective on Chipotle Mexican Grill from $1,250.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. BTIG Research lifted their price objective on Chipotle Mexican Grill from $1,200.00 to $1,375.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. SunTrust Banks reiterated an “outperform” rating and issued a $1,165.00 price objective on shares of Chipotle Mexican Grill in a research report on Thursday, July 23rd. Finally, Wells Fargo & Co boosted their target price on Chipotle Mexican Grill from $969.00 to $1,282.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $1,059.20.
Shares of CMG opened at $1,155.16 on Friday. The stock has a fifty day moving average price of $1,080.66 and a two-hundred day moving average price of $899.88. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.56 and a current ratio of 1.59. Chipotle Mexican Grill has a 52-week low of $415.00 and a 52-week high of $1,187.00. The company has a market cap of $32.03 billion, a price-to-earnings ratio of 128.21, a PEG ratio of 5.72 and a beta of 1.22.
In related news, Director Matthew H. Paull sold 400 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $1,018.75, for a total transaction of $407,500.00. Following the completion of the sale, the director now directly owns 869 shares in the company, valued at $885,293.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Scott Boatwright sold 2,723 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $1,033.44, for a total transaction of $2,814,057.12. Following the transaction, the insider now directly owns 8,085 shares of the company’s stock, valued at approximately $8,355,362.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,066 shares of company stock valued at $5,235,881. 1.00% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at approximately $25,000. Beese Fulmer Investment Management Inc. purchased a new position in shares of Chipotle Mexican Grill during the 2nd quarter valued at approximately $42,000. Cornerstone Advisors Inc. raised its position in shares of Chipotle Mexican Grill by 127.8% during the 2nd quarter. Cornerstone Advisors Inc. now owns 41 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 23 shares in the last quarter. San Francisco Sentry Investment Group CA boosted its stake in Chipotle Mexican Grill by 2,050.0% during the second quarter. San Francisco Sentry Investment Group CA now owns 43 shares of the restaurant operator’s stock valued at $45,000 after buying an additional 41 shares in the last quarter. Finally, Ninety One SA PTY Ltd bought a new position in Chipotle Mexican Grill during the first quarter valued at about $33,000. 95.28% of the stock is owned by institutional investors.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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