Wall Street brokerages expect that Chipotle Mexican Grill, Inc. (NYSE:CMG) will post earnings of $1.87 per share for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Chipotle Mexican Grill’s earnings. The highest EPS estimate is $2.30 and the lowest is $1.30. Chipotle Mexican Grill reported earnings of $0.79 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 136.7%. The company is expected to announce its next earnings results on Tuesday, October 24th.

On average, analysts expect that Chipotle Mexican Grill will report full year earnings of $7.68 per share for the current fiscal year, with EPS estimates ranging from $7.04 to $8.55. For the next year, analysts expect that the company will post earnings of $10.79 per share, with EPS estimates ranging from $9.25 to $12.63. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 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 during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the business earned $0.87 EPS. The business’s quarterly revenue was up 17.1% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the stock. UBS AG decreased their price objective on shares of Chipotle Mexican Grill from $460.00 to $445.00 and set a “neutral” rating for the company in a research report on Tuesday, June 27th. BTIG Research reiterated a “neutral” rating on shares of Chipotle Mexican Grill in a research report on Wednesday. Canaccord Genuity reiterated a “hold” rating and set a $440.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, J P Morgan Chase & Co increased their price objective on shares of Chipotle Mexican Grill from $365.00 to $420.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 26th. Seven 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 assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $405.15.

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Several institutional investors have recently bought and sold shares of CMG. Bank of Montreal Can increased its position in Chipotle Mexican Grill by 118.9% in the first quarter. Bank of Montreal Can now owns 26,505 shares of the restaurant operator’s stock valued at $11,808,000 after buying an additional 14,397 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Chipotle Mexican Grill during the first quarter valued at $514,000. Retirement Systems of Alabama increased its position in Chipotle Mexican Grill by 190.4% in the first quarter. Retirement Systems of Alabama now owns 41,009 shares of the restaurant operator’s stock valued at $18,317,000 after buying an additional 26,886 shares during the last quarter. Douglas Lane & Associates LLC increased its position in Chipotle Mexican Grill by 23.0% in the first quarter. Douglas Lane & Associates LLC now owns 1,609 shares of the restaurant operator’s stock valued at $717,000 after buying an additional 301 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in Chipotle Mexican Grill by 32.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 1,659 shares of the restaurant operator’s stock valued at $739,000 after buying an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 98.37% of the company’s stock.

Shares of Chipotle Mexican Grill (NYSE CMG) opened at 311.24 on Friday. The firm’s 50-day moving average is $360.68 and its 200-day moving average is $423.62. The firm has a market cap of $8.87 billion, a price-to-earnings ratio of 66.90 and a beta of 0.62. Chipotle Mexican Grill has a 12-month low of $311.01 and a 12-month high of $499.00.

About Chipotle Mexican Grill

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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