Zacks: Analysts Expect Chipotle Mexican Grill, Inc. (CMG) to Announce $2.38 EPS

Equities research analysts forecast that Chipotle Mexican Grill, Inc. (NYSE:CMG) will report earnings per share (EPS) of $2.38 for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Chipotle Mexican Grill’s earnings. The lowest EPS estimate is $2.05 and the highest is $2.88. Chipotle Mexican Grill posted earnings per share of $0.87 during the same quarter last year, which suggests a positive year over year growth rate of 173.6%. The company is scheduled to announce its next earnings report on Thursday, July 20th.

On average, analysts expect that Chipotle Mexican Grill will report full-year earnings of $8.31 per share for the current fiscal year, with EPS estimates ranging from $7.55 to $9.24. For the next financial year, analysts forecast that the company will report earnings of $12.09 per share, with EPS estimates ranging from $9.60 to $13.73. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.32. The business earned $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Chipotle Mexican Grill had a return on equity of 2.60% and a net margin of 0.59%. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.88) earnings per share.

A number of equities analysts have issued reports on CMG shares. Jefferies Group LLC reaffirmed a “sell” rating on shares of Chipotle Mexican Grill in a research note on Tuesday, January 3rd. Wedbush raised Chipotle Mexican Grill from an “underperform” rating to a “neutral” rating and increased their price target for the company from $370.00 to $400.00 in a research note on Thursday, January 5th. Royal Bank of Canada reaffirmed a “buy” rating and set a $465.00 price target on shares of Chipotle Mexican Grill in a research note on Friday, January 6th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Chipotle Mexican Grill in a research note on Friday, January 6th. Finally, Vetr lowered Chipotle Mexican Grill from a “buy” rating to a “hold” rating and set a $402.53 price target for the company. in a research note on Monday, January 9th. Eight analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $440.55.

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Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 1.56% during midday trading on Thursday, hitting $474.47. The stock had a trading volume of 937,692 shares. Chipotle Mexican Grill has a 12-month low of $352.96 and a 12-month high of $497.48. The company’s 50-day moving average price is $441.99 and its 200-day moving average price is $410.82. The firm has a market cap of $13.60 billion, a price-to-earnings ratio of 146.76 and a beta of 0.59.

In other Chipotle Mexican Grill news, Director Matthew H. Paull bought 400 shares of the stock in a transaction on Monday, February 6th. The shares were purchased at an average cost of $397.71 per share, with a total value of $159,084.00. Following the completion of the transaction, the director now directly owns 416 shares of the company’s stock, valued at approximately $165,447.36. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.58% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the company. Concannon Wealth Management LLC increased its stake in shares of Chipotle Mexican Grill by 1.1% in the third quarter. Concannon Wealth Management LLC now owns 556 shares of the restaurant operator’s stock valued at $235,000 after buying an additional 6 shares in the last quarter. Sii Investments Inc. WI increased its stake in shares of Chipotle Mexican Grill by 0.4% in the fourth quarter. Sii Investments Inc. WI now owns 2,271 shares of the restaurant operator’s stock valued at $874,000 after buying an additional 10 shares in the last quarter. Cim Investment Mangement Inc. increased its stake in shares of Chipotle Mexican Grill by 1.1% in the fourth quarter. Cim Investment Mangement Inc. now owns 1,348 shares of the restaurant operator’s stock valued at $509,000 after buying an additional 15 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of Chipotle Mexican Grill by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 774 shares of the restaurant operator’s stock valued at $322,000 after buying an additional 15 shares in the last quarter. Finally, Dillon & Associates Inc. increased its stake in shares of Chipotle Mexican Grill by 0.7% in the third quarter. Dillon & Associates Inc. now owns 3,027 shares of the restaurant operator’s stock valued at $1,283,000 after buying an additional 20 shares in the last quarter. 96.62% of the stock is currently owned by hedge funds and other institutional investors.

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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