Analysts expect that Chipotle Mexican Grill, Inc. (NYSE:CMG) will post sales of $1.19 billion for the current quarter, Zacks reports. Twelve analysts have made estimates for Chipotle Mexican Grill’s earnings, with the highest sales estimate coming in at $1.20 billion and the lowest estimate coming in at $1.18 billion. Chipotle Mexican Grill posted sales of $1.11 billion during the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 5th.
On average, analysts expect that Chipotle Mexican Grill will report full-year sales of $4.83 billion for the current financial year, with estimates ranging from $4.82 billion to $4.84 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.21 billion, with estimates ranging from $5.11 billion to $5.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Chipotle Mexican Grill.
Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Thursday, October 25th. The restaurant operator reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.16. Chipotle Mexican Grill had a net margin of 3.96% and a return on equity of 17.14%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion.
CMG has been the topic of several research reports. Morgan Stanley raised shares of Chipotle Mexican Grill from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $413.00 to $600.00 in a research report on Wednesday, August 15th. Maxim Group reaffirmed a “hold” rating and set a $500.00 price target (up previously from $430.00) on shares of Chipotle Mexican Grill in a report on Tuesday, August 28th. UBS Group set a $370.00 price target on shares of Chipotle Mexican Grill and gave the company a “sell” rating in a report on Monday, October 22nd. Wells Fargo & Co raised their price target on shares of Chipotle Mexican Grill from $415.00 to $420.00 and gave the company a “market perform” rating in a report on Friday, October 26th. Finally, Piper Jaffray Companies set a $550.00 price target on shares of Chipotle Mexican Grill and gave the company a “buy” rating in a report on Monday, October 22nd. Nine analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $431.72.
Shares of NYSE CMG opened at $473.21 on Monday. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $530.68. The firm has a market cap of $13.15 billion, a P/E ratio of 71.70, a PEG ratio of 3.13 and a beta of 0.22.
In other news, Director Pershing Square Capital Manage sold 118,307 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $472.05, for a total value of $55,846,819.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.19% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMG. Acadian Asset Management LLC increased its position in Chipotle Mexican Grill by 4,595.7% during the second quarter. Acadian Asset Management LLC now owns 1,080 shares of the restaurant operator’s stock worth $466,000 after buying an additional 1,057 shares during the period. Bessemer Group Inc. bought a new position in Chipotle Mexican Grill during the second quarter worth $184,000. Piedmont Investment Advisors LLC bought a new position in Chipotle Mexican Grill during the second quarter worth $119,000. Dupont Capital Management Corp bought a new position in Chipotle Mexican Grill during the second quarter worth $123,000. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in Chipotle Mexican Grill by 7.0% during the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,748 shares of the restaurant operator’s stock worth $754,000 after buying an additional 115 shares during the last quarter. Institutional investors own 92.20% of the company’s stock.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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