Chipotle Mexican Grill (CMG) Set to Announce Quarterly Earnings on Wednesday

Chipotle Mexican Grill (NYSE:CMG) will be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $11.34 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, topping analysts’ consensus estimates of $9.73 by $0.63. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the business posted $8.29 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. On average, analysts expect Chipotle Mexican Grill to post $53 EPS for the current fiscal year and $65 EPS for the next fiscal year.

Chipotle Mexican Grill Price Performance

Shares of CMG stock opened at $2,942.11 on Wednesday. Chipotle Mexican Grill has a 12 month low of $1,738.66 and a 12 month high of $3,023.98. The firm has a market capitalization of $80.67 billion, a P/E ratio of 66.34, a P/E/G ratio of 2.53 and a beta of 1.28. The company’s fifty day moving average price is $2,768.10 and its two-hundred day moving average price is $2,371.30.

Chipotle Mexican Grill’s stock is going to split on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be issued to shareholders after the closing bell on Tuesday, June 25th.

Insider Activity at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the sale, the insider now owns 8,563 shares in the company, valued at approximately $25,071,093.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Chipotle Mexican Grill news, insider Christopher W. Brandt sold 3,149 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the sale, the insider now directly owns 8,563 shares in the company, valued at approximately $25,071,093.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 1,996 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total transaction of $4,790,220.36. Following the completion of the sale, the chief executive officer now owns 22,447 shares in the company, valued at $53,870,779.77. The disclosure for this sale can be found here. Insiders sold a total of 6,793 shares of company stock valued at $18,321,152 over the last ninety days. Insiders own 0.96% of the company’s stock.

Institutional Trading of Chipotle Mexican Grill

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $450,560,000. Moneta Group Investment Advisors LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter valued at about $248,604,000. Morgan Stanley boosted its position in shares of Chipotle Mexican Grill by 65.8% during the 4th quarter. Morgan Stanley now owns 375,736 shares of the restaurant operator’s stock valued at $521,332,000 after acquiring an additional 149,115 shares in the last quarter. Samlyn Capital LLC acquired a new stake in shares of Chipotle Mexican Grill during the 1st quarter valued at about $89,972,000. Finally, Man Group plc boosted its position in shares of Chipotle Mexican Grill by 4,525.3% during the 4th quarter. Man Group plc now owns 53,191 shares of the restaurant operator’s stock valued at $73,802,000 after acquiring an additional 52,041 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CMG. Morgan Stanley boosted their target price on shares of Chipotle Mexican Grill from $2,500.00 to $2,986.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Truist Financial boosted their target price on shares of Chipotle Mexican Grill from $2,700.00 to $2,920.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Wells Fargo & Company boosted their target price on shares of Chipotle Mexican Grill from $2,600.00 to $2,800.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. TD Cowen reissued a “buy” rating and issued a $2,900.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, April 10th. Finally, Sanford C. Bernstein boosted their target price on shares of Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Eleven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2,719.86.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.