Zacks: Brokerages Expect Chipotle Mexican Grill, Inc. (CMG) to Announce $1.31 EPS

Analysts predict that Chipotle Mexican Grill, Inc. (NYSE:CMG) will report earnings of $1.31 per share for the current fiscal quarter, according to Zacks Investment Research. Twelve analysts have made estimates for Chipotle Mexican Grill’s earnings. The lowest EPS estimate is $1.04 and the highest is $1.62. Chipotle Mexican Grill posted earnings per share of $1.34 in the same quarter last year, which suggests a negative year-over-year growth rate of 2.2%. The business is expected to issue its next earnings results on Tuesday, February 5th.

On average, analysts expect that Chipotle Mexican Grill will report full-year earnings of $8.48 per share for the current year, with EPS estimates ranging from $8.20 to $8.78. For the next financial year, analysts forecast that the business will report earnings of $11.98 per share, with EPS estimates ranging from $10.58 to $14.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.16. Chipotle Mexican Grill had a return on equity of 17.14% and a net margin of 3.96%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion.

A number of analysts have weighed in on the company. Citigroup decreased their price objective on Chipotle Mexican Grill from $573.00 to $527.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. TheStreet cut Chipotle Mexican Grill from a “b-” rating to a “c” rating in a research report on Thursday, October 25th. Wells Fargo & Co raised their price target on Chipotle Mexican Grill from $415.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, October 26th. Barclays raised their price target on Chipotle Mexican Grill from $360.00 to $400.00 and gave the company an “equal weight” rating in a report on Friday, October 26th. Finally, Bank of America set a $340.00 price target on Chipotle Mexican Grill and gave the company a “sell” rating in a report on Friday, October 26th. Nine research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $431.72.

Chipotle Mexican Grill stock traded up $0.81 during mid-day trading on Thursday, reaching $478.30. 421,927 shares of the company were exchanged, compared to its average volume of 945,264. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $530.68. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 72.47, a PEG ratio of 3.13 and a beta of 0.22.

In related news, Director Pershing Square Capital Manage sold 118,307 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $472.05, for a total value of $55,846,819.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.19% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMG. Jennison Associates LLC increased its position in Chipotle Mexican Grill by 128.5% during the third quarter. Jennison Associates LLC now owns 830,269 shares of the restaurant operator’s stock worth $377,374,000 after buying an additional 466,849 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Chipotle Mexican Grill during the third quarter worth $69,452,000. FMR LLC increased its position in Chipotle Mexican Grill by 10.2% during the second quarter. FMR LLC now owns 1,620,408 shares of the restaurant operator’s stock worth $698,995,000 after buying an additional 149,725 shares in the last quarter. Wells Fargo & Company MN increased its position in Chipotle Mexican Grill by 125.3% during the third quarter. Wells Fargo & Company MN now owns 261,869 shares of the restaurant operator’s stock worth $119,025,000 after buying an additional 145,631 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Chipotle Mexican Grill by 2,018.2% during the third quarter. Victory Capital Management Inc. now owns 118,918 shares of the restaurant operator’s stock worth $54,050,000 after buying an additional 113,304 shares in the last quarter. 89.13% of the stock is owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

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

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