Analysts expect Chipotle Mexican Grill, Inc. (NYSE:CMG) to post earnings of $2.03 per share for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Chipotle Mexican Grill’s earnings, with the highest EPS estimate coming in at $2.28 and the lowest estimate coming in at $1.70. Chipotle Mexican Grill posted earnings of $1.33 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 52.6%. The business is expected to report its next quarterly earnings report after the market closes on Thursday, October 25th.

According to Zacks, analysts expect that Chipotle Mexican Grill will report full year earnings of $8.59 per share for the current fiscal year, with EPS estimates ranging from $8.12 to $9.11. For the next financial year, analysts forecast that the company will report earnings of $12.03 per share, with EPS estimates ranging from $10.10 to $14.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.09. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. Chipotle Mexican Grill had a net margin of 3.65% and a return on equity of 15.64%.

A number of brokerages have commented on CMG. Robert W. Baird boosted their price target on shares of Chipotle Mexican Grill from $440.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 31st. Maxim Group boosted their price target on shares of Chipotle Mexican Grill from $420.00 to $430.00 and gave the company a “hold” rating in a research note on Friday, July 27th. Jefferies Financial Group upgraded shares of Chipotle Mexican Grill from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. William Blair restated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Thursday, August 23rd. Finally, Mizuho lowered shares of Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and boosted their price target for the company from $300.00 to $330.00 in a research note on Tuesday, July 10th. Six equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $417.73.

Shares of CMG stock opened at $495.94 on Tuesday. The firm has a market cap of $13.76 billion, a price-to-earnings ratio of 75.14, a price-to-earnings-growth ratio of 3.23 and a beta of 0.44. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $530.68.

In other news, Director Pershing Square Capital Manage sold 823,357 shares of the company’s stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $487.29, for a total value of $401,213,632.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.19% of the company’s stock.

Several large investors have recently modified their holdings of CMG. Independent Franchise Partners LLP boosted its holdings in shares of Chipotle Mexican Grill by 338.4% in the 1st quarter. Independent Franchise Partners LLP now owns 1,628,881 shares of the restaurant operator’s stock worth $526,307,000 after buying an additional 1,257,323 shares during the last quarter. Iridian Asset Management LLC CT purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter worth about $170,669,000. Slate Path Capital LP purchased a new position in shares of Chipotle Mexican Grill in the 1st quarter worth about $130,860,000. Jennison Associates LLC purchased a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth about $156,768,000. Finally, FMR LLC boosted its holdings in shares of Chipotle Mexican Grill by 10.2% in the 2nd 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 during the last quarter. 88.07% of the stock is currently owned by 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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