Brokerages Expect Chipotle Mexican Grill, Inc. (CMG) Will Announce Earnings of $2.23 Per Share
Analysts expect Chipotle Mexican Grill, Inc. (NYSE:CMG) to report $2.23 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Chipotle Mexican Grill’s earnings, with estimates ranging from $1.96 to $2.74. Chipotle Mexican Grill reported earnings per share of $0.87 during the same quarter last year, which suggests a positive year over year growth rate of 156.3%. The firm is expected to issue its next quarterly earnings report after the market closes on Tuesday, July 25th.
According to Zacks, analysts expect that Chipotle Mexican Grill will report full-year earnings of $8.07 per share for the current financial year, with EPS estimates ranging from $7.48 to $9.04. For the next fiscal year, analysts expect that the business will report earnings of $11.90 per share, with EPS estimates ranging from $9.52 to $13.42. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Chipotle Mexican Grill.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.32. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the firm earned ($0.88) EPS. The firm’s revenue was up 28.1% compared to the same quarter last year.
A number of equities research analysts have recently issued reports on the company. SunTrust Banks, Inc. boosted their price objective on Chipotle Mexican Grill from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Mizuho restated a “buy” rating and set a $533.00 price objective on shares of Chipotle Mexican Grill in a report on Wednesday, June 21st. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Chipotle Mexican Grill in a report on Wednesday. Standpoint Research assumed coverage on Chipotle Mexican Grill in a report on Wednesday, April 19th. They set a “sell” rating and a $420.00 price objective for the company. Finally, Maxim Group restated a “hold” rating and set a $440.00 price objective on shares of Chipotle Mexican Grill in a report on Tuesday, June 20th. Nine investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Chipotle Mexican Grill has an average rating of “Hold” and an average price target of $453.58.
A number of hedge funds have recently modified their holdings of the stock. Pennsylvania Trust Co purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $267,000. National Pension Service boosted its stake in shares of Chipotle Mexican Grill by 9.3% in the first quarter. National Pension Service now owns 28,572 shares of the restaurant operator’s stock worth $12,684,000 after buying an additional 2,422 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of Chipotle Mexican Grill by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 9,197 shares of the restaurant operator’s stock worth $4,097,000 after buying an additional 75 shares during the period. Puplava Financial Services Inc. purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $347,000. Finally, Raymond James Trust N.A. purchased a new stake in shares of Chipotle Mexican Grill during the first quarter worth approximately $221,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.
Chipotle Mexican Grill (CMG) traded up 0.34% during trading on Monday, hitting $398.28. The company had a trading volume of 613,911 shares. The stock has a market capitalization of $11.42 billion, a PE ratio of 123.19 and a beta of 0.64. Chipotle Mexican Grill has a one year low of $352.96 and a one year high of $499.00. The stock has a 50-day moving average of $461.49 and a 200-day moving average of $433.29.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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