Chipotle Mexican Grill, Inc. (NYSE:CMG) Expected to Announce Earnings of $5.21 Per Share

Wall Street brokerages expect Chipotle Mexican Grill, Inc. (NYSE:CMG) to post earnings of $5.21 per share for the current quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Chipotle Mexican Grill’s earnings, with the highest EPS estimate coming in at $5.50 and the lowest estimate coming in at $4.95. Chipotle Mexican Grill reported earnings of $3.48 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 49.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 1st.

On average, analysts expect that Chipotle Mexican Grill will report full year earnings of $25.04 per share for the current year, with EPS estimates ranging from $24.77 to $25.34. For the next year, analysts expect that the business will report earnings of $32.93 per share, with EPS estimates ranging from $28.61 to $36.25. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Wednesday, October 20th. The restaurant operator reported $7.02 earnings per share for the quarter, beating the consensus estimate of $6.32 by $0.70. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Chipotle Mexican Grill had a net margin of 9.88% and a return on equity of 30.92%. During the same quarter last year, the company posted $3.76 EPS.

Several brokerages have recently commented on CMG. Truist lifted their price target on shares of Chipotle Mexican Grill from $1,800.00 to $2,180.00 and gave the stock a “buy” rating in a research report on Friday, October 22nd. Piper Sandler reiterated an “overweight” rating and set a $2,600.00 price target (up previously from $2,235.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, September 15th. They noted that the move was a valuation call. Raymond James cut shares of Chipotle Mexican Grill from a “strong-buy” rating to an “outperform” rating and lifted their price target for the stock from $1,800.00 to $2,025.00 in a research report on Monday, August 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Chipotle Mexican Grill from $1,630.00 to $1,747.00 and gave the company a “hold” rating in a report on Monday, October 25th. Finally, Evercore ISI boosted their price objective on shares of Chipotle Mexican Grill from $1,950.00 to $2,200.00 and gave the company an “outperform” rating in a report on Wednesday, September 29th. Eight equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $1,992.48.

In related news, CFO Jack Hartung sold 12,023 shares of the business’s stock in a transaction on Friday, August 27th. The shares were sold at an average price of $1,920.83, for a total transaction of $23,094,139.09. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Pershing Square Capital Manage acquired 25,430 shares of the firm’s stock in a transaction on Tuesday, September 7th. The stock was bought at an average price of $1,909.68 per share, for a total transaction of $48,563,162.40. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Baldrige Asset Management LLC bought a new stake in Chipotle Mexican Grill during the second quarter worth about $31,000. Heritage Wealth Advisors bought a new stake in Chipotle Mexican Grill during the second quarter worth about $31,000. Wolff Wiese Magana LLC lifted its position in Chipotle Mexican Grill by 1,700.0% during the third quarter. Wolff Wiese Magana LLC now owns 18 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 17 shares during the period. TCTC Holdings LLC bought a new stake in Chipotle Mexican Grill during the third quarter worth about $36,000. Finally, Financial Insights Inc. bought a new stake in Chipotle Mexican Grill during the second quarter worth about $39,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

CMG traded down $0.54 during midday trading on Thursday, hitting $1,707.93. The company had a trading volume of 108,965 shares, compared to its average volume of 268,720. The company has a market capitalization of $48.05 billion, a PE ratio of 68.54 and a beta of 1.26. Chipotle Mexican Grill has a twelve month low of $1,256.27 and a twelve month high of $1,958.55. The firm’s 50-day simple moving average is $1,821.79 and its 200-day simple moving average is $1,697.21.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.

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Earnings History and Estimates for Chipotle Mexican Grill (NYSE:CMG)

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