Wall Street brokerages forecast that Chipotle Mexican Grill, Inc. (NYSE:CMG) will report sales of $1.12 billion for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have issued estimates for Chipotle Mexican Grill’s earnings, with the lowest sales estimate coming in at $1.08 billion and the highest estimate coming in at $1.15 billion. Chipotle Mexican Grill reported sales of $1.03 billion in the same quarter last year, which would suggest a positive year over year growth rate of 8.7%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, February 6th.

According to Zacks, analysts expect that Chipotle Mexican Grill will report full-year sales of $1.12 billion for the current fiscal year, with estimates ranging from $4.45 billion to $4.52 billion. For the next fiscal year, analysts expect that the firm will report sales of $4.89 billion per share, with estimates ranging from $4.79 billion to $4.98 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis.

CMG has been the subject of a number of research analyst reports. Piper Jaffray Companies set a $510.00 target price on Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Wednesday, October 11th. Mizuho reissued a “buy” rating and issued a $450.00 target price on shares of Chipotle Mexican Grill in a research note on Saturday, September 23rd. Maxim Group reissued a “buy” rating and issued a $435.00 target price on shares of Chipotle Mexican Grill in a research note on Thursday, September 21st. SunTrust Banks set a $390.00 target price on Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, Barclays decreased their target price on Chipotle Mexican Grill from $370.00 to $325.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 18th. Six equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $358.45.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Interstate Bank raised its holdings in Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock worth $146,000 after acquiring an additional 250 shares in the last quarter. CIBC World Markets Inc. bought a new stake in Chipotle Mexican Grill during the second quarter worth about $205,000. Raymond James Trust N.A. raised its holdings in Chipotle Mexican Grill by 10.1% during the second quarter. Raymond James Trust N.A. now owns 545 shares of the restaurant operator’s stock worth $227,000 after acquiring an additional 50 shares in the last quarter. Mercer Capital Advisers Inc. bought a new stake in Chipotle Mexican Grill during the third quarter worth about $183,000. Finally, TLP Group LLC bought a new stake in Chipotle Mexican Grill during the second quarter worth about $251,000. Institutional investors and hedge funds own 88.43% of the company’s stock.

Chipotle Mexican Grill (CMG) traded up $0.11 during trading hours on Tuesday, reaching $327.37. The company’s stock had a trading volume of 706,540 shares, compared to its average volume of 1,110,000. Chipotle Mexican Grill has a 1 year low of $263.00 and a 1 year high of $499.00. The firm has a market capitalization of $9,240.00, a PE ratio of 63.44, a price-to-earnings-growth ratio of 1.98 and a beta of 0.50.

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About Chipotle Mexican Grill

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

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