Brokerages expect Chipotle Mexican Grill, Inc. (NYSE:CMG) to post $1.13 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Chipotle Mexican Grill’s earnings. The highest sales estimate is $1.15 billion and the lowest is $1.11 billion. Chipotle Mexican Grill reported sales of $1.03 billion during the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The business is expected to announce its next quarterly earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Chipotle Mexican Grill will report full-year sales of $1.13 billion for the current financial year, with estimates ranging from $4.48 billion to $4.52 billion. For the next year, analysts expect that the company will post sales of $4.90 billion per share, with estimates ranging from $4.79 billion to $4.98 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.91). The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.56 EPS.

Several equities analysts recently commented on the company. Canaccord Genuity reissued a “hold” rating and issued a $325.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, November 29th. Credit Suisse Group reissued a “neutral” rating and issued a $263.00 target price (down previously from $301.99) on shares of Chipotle Mexican Grill in a report on Thursday, November 30th. Wedbush reissued a “hold” rating and issued a $290.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, November 29th. William Blair lowered Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 29th. Finally, Zacks Investment Research raised Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a report on Thursday, November 16th. Seven research analysts have rated the stock with a sell rating, twenty-four have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $355.69.

Several institutional investors and hedge funds have recently made changes to their positions in CMG. Carmignac Gestion boosted its stake in shares of Chipotle Mexican Grill by 162.5% during the second quarter. Carmignac Gestion now owns 516,751 shares of the restaurant operator’s stock worth $215,020,000 after buying an additional 319,875 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Chipotle Mexican Grill by 169.1% during the second quarter. Renaissance Technologies LLC now owns 446,100 shares of the restaurant operator’s stock worth $185,622,000 after buying an additional 280,300 shares during the period. American Century Companies Inc. boosted its stake in shares of Chipotle Mexican Grill by 59.8% during the second quarter. American Century Companies Inc. now owns 563,698 shares of the restaurant operator’s stock worth $234,555,000 after buying an additional 210,872 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Chipotle Mexican Grill by 196.5% during the third quarter. Principal Financial Group Inc. now owns 267,881 shares of the restaurant operator’s stock worth $82,462,000 after buying an additional 177,530 shares during the period. Finally, Check Capital Management Inc. CA acquired a new stake in shares of Chipotle Mexican Grill during the third quarter worth about $54,272,000. Institutional investors and hedge funds own 88.69% of the company’s stock.

Chipotle Mexican Grill (NYSE:CMG) opened at $313.39 on Tuesday. The company has a market capitalization of $8,830.00, a price-to-earnings ratio of 54.47, a P/E/G ratio of 2.72 and a beta of 0.49. Chipotle Mexican Grill has a twelve month low of $263.00 and a twelve month high of $499.00.

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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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