Wall Street analysts predict that Chipotle Mexican Grill, Inc. (NYSE:CMG) will announce earnings per share of $1.35 for the current quarter, Zacks reports. Eleven analysts have provided estimates for Chipotle Mexican Grill’s earnings, with the highest EPS estimate coming in at $1.53 and the lowest estimate coming in at $1.05. Chipotle Mexican Grill posted earnings of $0.55 per share during the same quarter last year, which would indicate a positive year over year growth rate of 145.5%. The company is expected to announce its next earnings results after the market closes on Tuesday, February 6th.

On average, analysts expect that Chipotle Mexican Grill will report full year earnings of $6.57 per share for the current fiscal year, with EPS estimates ranging from $6.30 to $6.75. For the next financial year, analysts forecast that the firm will report earnings of $9.44 per share, with EPS estimates ranging from $8.54 to $10.60. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.91). The firm had revenue of $1.13 billion for 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share.

A number of brokerages recently weighed in on CMG. ValuEngine cut Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. BMO Capital Markets reissued a “market perform” rating and set a $275.00 price objective (down from $330.00) on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. Robert W. Baird set a $300.00 price objective on Chipotle Mexican Grill and gave the company a “hold” rating in a report on Wednesday, October 25th. Canaccord Genuity decreased their price objective on Chipotle Mexican Grill from $400.00 to $325.00 and set a “hold” rating on the stock in a report on Wednesday, October 25th. Finally, SunTrust Banks set a $355.00 price objective on Chipotle Mexican Grill and gave the company a “buy” rating in a report on Wednesday, October 25th. Six 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 given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $357.00.

Chipotle Mexican Grill (CMG) opened at $327.34 on Friday. The firm has a market capitalization of $9,240.00, a PE ratio of 63.44, a P/E/G ratio of 1.97 and a beta of 0.50. Chipotle Mexican Grill has a 1-year low of $263.00 and a 1-year high of $499.00.

Several hedge funds have recently modified their holdings of CMG. Federated Investors Inc. PA grew its position in shares of Chipotle Mexican Grill by 3,344.6% in the 2nd quarter. Federated Investors Inc. PA now owns 2,549 shares of the restaurant operator’s stock worth $1,061,000 after buying an additional 2,475 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Chipotle Mexican Grill by 6.2% in the 2nd quarter. Pacer Advisors Inc. now owns 498 shares of the restaurant operator’s stock worth $207,000 after buying an additional 29 shares during the last quarter. CIBC World Markets Inc. bought a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $205,000. Wells Fargo & Company MN grew its position in shares of Chipotle Mexican Grill by 0.5% in the 2nd quarter. Wells Fargo & Company MN now owns 97,118 shares of the restaurant operator’s stock worth $40,410,000 after buying an additional 438 shares during the last quarter. Finally, Stephens Inc. AR grew its position in shares of Chipotle Mexican Grill by 12.8% in the 2nd quarter. Stephens Inc. AR now owns 846 shares of the restaurant operator’s stock worth $352,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 88.43% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international copyright & trademark law. The original version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/14/1-35-earnings-per-share-expected-for-chipotle-mexican-grill-inc-cmg-this-quarter.html.

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.

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.