Wall Street brokerages expect Chipotle Mexican Grill, Inc. (NYSE:CMG) to post $1.12 billion in sales for the current quarter, according to Zacks. Eleven analysts have made estimates for Chipotle Mexican Grill’s earnings, with the lowest sales estimate coming in at $1.08 billion and the highest estimate coming in at $1.15 billion. Chipotle Mexican Grill reported sales of $1.03 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The business is scheduled to issue its next earnings report after the market closes on Tuesday, February 6th.

According to Zacks, analysts expect that Chipotle Mexican Grill will report full year sales of $1.12 billion for the current year, with estimates ranging from $4.45 billion to $4.52 billion. For the next year, analysts forecast that the company will report sales of $4.89 billion per share, with estimates ranging from $4.79 billion to $4.98 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 11.80% and a net margin of 3.37%. Chipotle Mexican Grill’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 EPS.

A number of equities research analysts have issued reports on CMG shares. Barclays raised their price target on shares of Chipotle Mexican Grill from $280.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday. Telsey Advisory Group lowered shares of Chipotle Mexican Grill from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $370.00 to $330.00 in a report on Wednesday, October 25th. Deutsche Bank set a $240.00 price target on shares of Chipotle Mexican Grill and gave the stock a “sell” rating in a report on Wednesday, October 25th. SunTrust Banks set a $355.00 price target on shares of Chipotle Mexican Grill and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, Wedbush reissued a “hold” rating and issued a $290.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, October 25th. Six investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $358.45.

Shares of Chipotle Mexican Grill (CMG) traded up $0.11 during trading hours on Tuesday, reaching $327.37. 706,540 shares of the company were exchanged, compared to its average volume of 1,110,000. The stock has a market cap of $9,240.00, a PE ratio of 63.44, a PEG ratio of 1.98 and a beta of 0.50. Chipotle Mexican Grill has a one year low of $263.00 and a one year high of $499.00.

Several institutional investors and hedge funds have recently made changes to their positions in CMG. CIBC World Markets Inc. bought a new stake in Chipotle Mexican Grill during the second quarter worth about $205,000. Wells Fargo & Company MN raised its holdings in Chipotle Mexican Grill by 0.5% in the second 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. Stephens Inc. AR raised its holdings in Chipotle Mexican Grill by 12.8% in the second 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. Raymond James Trust N.A. raised its holdings in Chipotle Mexican Grill by 10.1% in the second quarter. Raymond James Trust N.A. now owns 545 shares of the restaurant operator’s stock worth $227,000 after buying an additional 50 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Chipotle Mexican Grill by 4.7% in the second quarter. Ameriprise Financial Inc. now owns 16,197 shares of the restaurant operator’s stock worth $6,754,000 after buying an additional 727 shares during the last quarter. 88.43% of the stock is currently owned by hedge funds and other institutional investors.

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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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