Equities analysts predict that Chipotle Mexican Grill, Inc. (NYSE:CMG) will report sales of $1.17 billion for the current quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Chipotle Mexican Grill’s earnings, with the lowest sales estimate coming in at $1.14 billion and the highest estimate coming in at $1.21 billion. Chipotle Mexican Grill posted sales of $1.04 billion in the same quarter last year, which suggests a positive year over year growth rate of 12.5%. The firm is expected to report its next earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that Chipotle Mexican Grill will report full-year sales of $1.17 billion for the current fiscal year, with estimates ranging from $4.50 billion to $4.63 billion. For the next year, analysts forecast that the business will post sales of $5.09 billion per share, with estimates ranging from $4.87 billion to $5.28 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.16. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm posted $0.87 earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis.

A number of research analysts recently commented on CMG shares. Vetr raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price target on the stock in a report on Tuesday, May 30th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Chipotle Mexican Grill in a report on Tuesday, June 20th. Deutsche Bank AG reissued a “sell” rating and issued a $350.00 price target (up from $300.00) on shares of Chipotle Mexican Grill in a report on Monday, July 10th. Wells Fargo & Company reissued a “market perform” rating and issued a $470.00 price target on shares of Chipotle Mexican Grill in a report on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) lowered their price target on Chipotle Mexican Grill from $440.00 to $375.00 and set a “neutral” rating on the stock in a report on Tuesday, July 25th. Seven research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $405.15.

Large investors have recently modified their holdings of the company. Covenant Asset Management LLC boosted its stake in shares of Chipotle Mexican Grill by 0.5% in the second quarter. Covenant Asset Management LLC now owns 2,187 shares of the restaurant operator’s stock worth $910,000 after buying an additional 10 shares during the period. Tufton Capital Management boosted its stake in shares of Chipotle Mexican Grill by 1.3% in the second quarter. Tufton Capital Management now owns 804 shares of the restaurant operator’s stock worth $335,000 after buying an additional 10 shares during the period. Cutter & CO Brokerage Inc. boosted its stake in shares of Chipotle Mexican Grill by 1.3% in the second quarter. Cutter & CO Brokerage Inc. now owns 763 shares of the restaurant operator’s stock worth $317,000 after buying an additional 10 shares during the period. Eqis Capital Management Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.6% in the first quarter. Eqis Capital Management Inc. now owns 1,730 shares of the restaurant operator’s stock worth $771,000 after buying an additional 11 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of Chipotle Mexican Grill by 2.4% in the first quarter. Pacer Advisors Inc. now owns 469 shares of the restaurant operator’s stock worth $209,000 after buying an additional 11 shares during the period. Hedge funds and other institutional investors own 97.27% of the company’s stock.

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Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 1.48% during midday trading on Friday, hitting $339.45. 961,237 shares of the stock were exchanged. Chipotle Mexican Grill has a 52-week low of $336.52 and a 52-week high of $499.00. The firm’s 50 day moving average price is $398.99 and its 200-day moving average price is $431.70. The stock has a market cap of $9.68 billion, a P/E ratio of 72.97 and a beta of 0.62.

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

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