Equities research analysts expect that Chipotle Mexican Grill, Inc. (NYSE:CMG) will announce earnings per share of $1.84 for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Chipotle Mexican Grill’s earnings, with the highest EPS estimate coming in at $2.30 and the lowest estimate coming in at $1.30. Chipotle Mexican Grill reported earnings per share of $0.79 during the same quarter last year, which indicates a positive year-over-year growth rate of 132.9%. The firm is expected to report its next earnings report after the market closes on Tuesday, October 24th.

On average, analysts expect that Chipotle Mexican Grill will report full year earnings of $7.59 per share for the current fiscal year, with EPS estimates ranging from $6.80 to $8.55. For the next financial year, analysts forecast that the firm will post earnings of $10.65 per share, with EPS estimates ranging from $9.08 to $12.63. Zacks’ EPS averages are an average based on a survey of analysts that cover Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, July 25th. The restaurant operator reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted $0.87 earnings per share. Chipotle Mexican Grill’s revenue for the quarter was up 17.1% on a year-over-year basis.

A number of research analysts recently weighed in on CMG shares. Nomura cut their target price on shares of Chipotle Mexican Grill from $510.00 to $480.00 in a report on Tuesday, June 20th. Mizuho began coverage on Chipotle Mexican Grill in a research report on Thursday, June 8th. They issued a “buy” rating and a $533.00 price target for the company. Vetr upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $498.87 price target for the company in a research report on Tuesday, May 30th. Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and raised their price target for the stock from $447.88 to $550.00 in a research report on Thursday, May 25th. Finally, BMO Capital Markets restated a “buy” rating and issued a $550.00 price target on shares of Chipotle Mexican Grill in a research report on Thursday, June 22nd. Six equities research analysts have rated the stock with a sell rating, twenty-four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $401.06.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Chipotle Mexican Grill by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,783,059 shares of the restaurant operator’s stock valued at $1,158,031,000 after purchasing an additional 63,636 shares in the last quarter. BlackRock Inc. boosted its stake in Chipotle Mexican Grill by 3,309.6% during the 1st quarter. BlackRock Inc. now owns 2,424,479 shares of the restaurant operator’s stock valued at $1,080,155,000 after purchasing an additional 2,353,372 shares in the last quarter. State Street Corp boosted its stake in Chipotle Mexican Grill by 3.7% during the 1st quarter. State Street Corp now owns 1,237,517 shares of the restaurant operator’s stock valued at $551,348,000 after purchasing an additional 44,694 shares in the last quarter. American Century Companies Inc. boosted its stake in Chipotle Mexican Grill by 59.8% during the 2nd quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock valued at $234,555,000 after purchasing an additional 210,872 shares in the last quarter. Finally, Carmignac Gestion boosted its stake in Chipotle Mexican Grill by 162.5% during the 2nd quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock valued at $215,020,000 after purchasing an additional 319,875 shares in the last quarter. 90.32% of the stock is owned by hedge funds and other institutional investors.

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Shares of Chipotle Mexican Grill (NYSE:CMG) traded down 0.20% during midday trading on Thursday, hitting $317.25. 974,963 shares of the stock were exchanged. The firm has a market cap of $9.05 billion, a PE ratio of 68.20 and a beta of 0.64. Chipotle Mexican Grill has a 52-week low of $296.00 and a 52-week high of $499.00. The firm’s 50-day moving average is $327.25 and its 200 day moving average is $413.98.

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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