Research Analysts Set Expectations for CMG FY2028 Earnings

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Analysts at Zacks Research lowered their FY2028 EPS estimates for shares of Chipotle Mexican Grill in a research note issued on Wednesday, May 13th. Zacks Research analyst Team now expects that the restaurant operator will earn $1.55 per share for the year, down from their prior estimate of $1.56. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Chipotle Mexican Grill’s current full-year earnings is $1.13 per share.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the prior year, the company posted $0.29 EPS. The business’s revenue was up 7.4% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 price objective on shares of Chipotle Mexican Grill in a research note on Thursday, April 30th. Guggenheim dropped their price objective on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Chipotle Mexican Grill from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Piper Sandler dropped their target price on shares of Chipotle Mexican Grill from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Barclays cut their price target on shares of Chipotle Mexican Grill from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Twenty-four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $46.03.

Chipotle Mexican Grill Stock Performance

Shares of CMG stock opened at $32.59 on Monday. Chipotle Mexican Grill has a 52-week low of $29.75 and a 52-week high of $58.42. The stock has a market cap of $41.81 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 2.10 and a beta of 1.03. The firm has a fifty day moving average of $33.54 and a 200-day moving average of $35.32.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several institutional investors have recently added to or reduced their stakes in CMG. Bank of Nova Scotia increased its position in Chipotle Mexican Grill by 11.0% in the 3rd quarter. Bank of Nova Scotia now owns 475,672 shares of the restaurant operator’s stock valued at $18,642,000 after acquiring an additional 47,241 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $1,597,000. Crescent Park Management L.P. acquired a new stake in Chipotle Mexican Grill in the 3rd quarter valued at about $5,911,000. WINTON GROUP Ltd increased its position in Chipotle Mexican Grill by 269.6% in the 3rd quarter. WINTON GROUP Ltd now owns 379,886 shares of the restaurant operator’s stock valued at $14,888,000 after acquiring an additional 277,090 shares in the last quarter. Finally, Heritage Investors Management Corp increased its position in Chipotle Mexican Grill by 6.8% in the 3rd quarter. Heritage Investors Management Corp now owns 498,120 shares of the restaurant operator’s stock valued at $19,521,000 after acquiring an additional 31,560 shares in the last quarter. 91.30% of the stock is owned by institutional investors.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.