Brokerages predict that Chipotle Mexican Grill, Inc. (NYSE:CMG) will post earnings per share (EPS) of $2.88 for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Chipotle Mexican Grill’s earnings. The lowest EPS estimate is $2.32 and the highest is $3.50. Chipotle Mexican Grill reported earnings per share of $2.13 during the same quarter last year, which would suggest a positive year over year growth rate of 35.2%. The company is expected to report its next quarterly earnings report on Wednesday, April 24th.
According to Zacks, analysts expect that Chipotle Mexican Grill will report full-year earnings of $12.16 per share for the current financial year, with EPS estimates ranging from $10.58 to $14.45. For the next year, analysts anticipate that the firm will report earnings of $15.38 per share, with EPS estimates ranging from $13.22 to $18.83. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Chipotle Mexican Grill.
Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.34. Chipotle Mexican Grill had a return on equity of 17.64% and a net margin of 3.63%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the firm earned $1.34 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year.
Several equities analysts have issued reports on the company. Stifel Nicolaus reissued a “hold” rating and issued a $500.00 price target on shares of Chipotle Mexican Grill in a research note on Monday. UBS Group set a $370.00 price target on Chipotle Mexican Grill and gave the company a “sell” rating in a research note on Monday, October 22nd. Piper Jaffray Companies reissued an “overweight” rating and issued a $590.00 price target (up from $550.00) on shares of Chipotle Mexican Grill in a research note on Thursday, January 31st. Zacks Investment Research lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Wells Fargo & Co boosted their price target on Chipotle Mexican Grill from $415.00 to $420.00 and gave the company a “market perform” rating in a research note on Friday, October 26th. Nine research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Chipotle Mexican Grill has an average rating of “Hold” and an average target price of $503.00.
Institutional investors have recently made changes to their positions in the stock. Bruderman Asset Management LLC bought a new position in Chipotle Mexican Grill in the 4th quarter valued at $39,000. Huntington National Bank lifted its position in shares of Chipotle Mexican Grill by 19.9% during the 4th quarter. Huntington National Bank now owns 169 shares of the restaurant operator’s stock valued at $73,000 after buying an additional 28 shares during the last quarter. Clean Yield Group purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $86,000. We Are One Seven LLC purchased a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at $96,000. Finally, Korea Investment CORP lifted its position in shares of Chipotle Mexican Grill by 45.4% during the 3rd quarter. Korea Investment CORP now owns 391 shares of the restaurant operator’s stock valued at $178,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 91.25% of the company’s stock.
CMG traded up $5.77 during trading on Friday, hitting $609.13. The company’s stock had a trading volume of 8,202 shares, compared to its average volume of 903,981. Chipotle Mexican Grill has a twelve month low of $249.31 and a twelve month high of $608.55. The firm has a market cap of $16.19 billion, a PE ratio of 66.85, a price-to-earnings-growth ratio of 2.72 and a beta of 0.60.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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