Analysts expect Chipotle Mexican Grill, Inc. (NYSE:CMG) to announce earnings per share (EPS) of $2.03 for the current fiscal quarter, Zacks reports. Eleven analysts have issued estimates for Chipotle Mexican Grill’s earnings. The lowest EPS estimate is $1.70 and the highest is $2.28. Chipotle Mexican Grill reported earnings of $1.33 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 52.6%. The business is scheduled to issue 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 year, with EPS estimates ranging from $8.12 to $9.11. For the next fiscal year, analysts forecast that the company will report earnings of $12.02 per share, with EPS estimates ranging from $10.10 to $14.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Chipotle Mexican Grill.

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

Several equities analysts have commented on the stock. Stephens raised their target price on shares of Chipotle Mexican Grill from $350.00 to $425.00 and gave the company an “equal weight” rating in a report on Thursday, June 28th. They noted that the move was a valuation call. Royal Bank of Canada lifted their price target on shares of Chipotle Mexican Grill to $450.00 and gave the company a “sector perform” rating in a report on Friday, July 27th. They noted that the move was a valuation call. William Blair reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a report on Wednesday, August 1st. Raymond James reaffirmed a “hold” rating on shares of Chipotle Mexican Grill in a report on Friday, June 29th. Finally, Canaccord Genuity lifted their price target on shares of Chipotle Mexican Grill from $500.00 to $550.00 and gave the company a “buy” rating in a report on Friday, July 27th. Eight equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have given a buy rating to the stock. Chipotle Mexican Grill presently has a consensus rating of “Hold” and a consensus price target of $425.47.

In other Chipotle Mexican Grill news, Director Pershing Square Capital Manage sold 823,357 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $487.29, for a total transaction of $401,213,632.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.19% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Chipotle Mexican Grill by 7.0% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,748 shares of the restaurant operator’s stock worth $754,000 after purchasing an additional 115 shares during the period. Carnegie Capital Asset Management LLC lifted its position in shares of Chipotle Mexican Grill by 7.1% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 2,252 shares of the restaurant operator’s stock worth $1,111,000 after purchasing an additional 150 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Chipotle Mexican Grill by 2.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 7,216 shares of the restaurant operator’s stock worth $3,113,000 after purchasing an additional 177 shares during the period. Kovack Advisors Inc. lifted its position in shares of Chipotle Mexican Grill by 18.4% in the 2nd quarter. Kovack Advisors Inc. now owns 1,195 shares of the restaurant operator’s stock worth $515,000 after purchasing an additional 186 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in shares of Chipotle Mexican Grill by 24.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 982 shares of the restaurant operator’s stock worth $424,000 after purchasing an additional 196 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

CMG stock opened at $435.71 on Monday. Chipotle Mexican Grill has a 12 month low of $247.51 and a 12 month high of $530.68. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 66.02, a PEG ratio of 2.97 and a beta of 0.44.

About Chipotle Mexican Grill

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.

Further Reading: How Do Tariffs Affect Trade Balances?

Get a free copy of the Zacks research report on Chipotle Mexican Grill (CMG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.