Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities research analysts at Northcoast Research issued their Q1 2020 earnings per share estimates for Chipotle Mexican Grill in a research report issued to clients and investors on Thursday, November 7th. Northcoast Research analyst J. Sanderson expects that the restaurant operator will post earnings of $4.03 per share for the quarter. Northcoast Research currently has a “Sell” rating and a $400.00 price target on the stock. Northcoast Research also issued estimates for Chipotle Mexican Grill’s Q2 2020 earnings at $4.57 EPS, Q3 2020 earnings at $4.00 EPS, Q4 2020 earnings at $3.86 EPS and FY2020 earnings at $16.45 EPS.
Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Tuesday, October 22nd. The restaurant operator reported $3.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.13 by $0.69. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. Chipotle Mexican Grill had a return on equity of 23.97% and a net margin of 5.77%. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.16 EPS.
Several other research firms have also issued reports on CMG. BMO Capital Markets boosted their target price on Chipotle Mexican Grill from $640.00 to $650.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 23rd. William Blair restated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Tuesday, September 24th. Goldman Sachs Group set a $1,000.00 target price on Chipotle Mexican Grill and gave the stock a “buy” rating in a research report on Friday, August 30th. Stephens boosted their target price on Chipotle Mexican Grill from $700.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. They noted that the move was a valuation call. Finally, Gordon Haskett upgraded Chipotle Mexican Grill from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $620.00 to $740.00 in a research report on Wednesday, October 9th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have issued a buy rating to the company. Chipotle Mexican Grill currently has a consensus rating of “Hold” and an average price target of $779.03.
Shares of Chipotle Mexican Grill stock traded down $5.72 during trading on Friday, hitting $731.62. 534,615 shares of the company were exchanged, compared to its average volume of 580,688. The firm has a market capitalization of $20.59 billion, a P/E ratio of 80.75, a price-to-earnings-growth ratio of 2.75 and a beta of 0.70. Chipotle Mexican Grill has a 1-year low of $383.20 and a 1-year high of $857.90. The firm’s fifty day moving average price is $807.05 and its 200 day moving average price is $764.86. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.51 and a quick ratio of 1.47.
Several institutional investors have recently made changes to their positions in the company. Cetera Advisors LLC bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $560,000. Rational Advisors LLC raised its stake in shares of Chipotle Mexican Grill by 11.4% during the 3rd quarter. Rational Advisors LLC now owns 575 shares of the restaurant operator’s stock worth $483,000 after purchasing an additional 59 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Chipotle Mexican Grill by 5.1% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 972 shares of the restaurant operator’s stock worth $817,000 after purchasing an additional 47 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Chipotle Mexican Grill by 29.4% during the 3rd quarter. AE Wealth Management LLC now owns 440 shares of the restaurant operator’s stock worth $370,000 after purchasing an additional 100 shares in the last quarter. Finally, BBVA USA Bancshares Inc. bought a new stake in shares of Chipotle Mexican Grill during the 3rd quarter worth approximately $400,000. Institutional investors own 91.77% of the company’s stock.
In other news, CEO Brian R. Niccol sold 716 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $778.26, for a total transaction of $557,234.16. Following the sale, the chief executive officer now owns 26,634 shares in the company, valued at approximately $20,728,176.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pershing Square Capital Manage sold 29,200 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $815.60, for a total value of $23,815,520.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,526 shares of company stock worth $39,109,343. Company insiders own 2.21% 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 December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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