$1.35 Earnings Per Share Expected for Chipotle Mexican Grill, Inc. (CMG) This Quarter
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.
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.
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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