Brokerages predict that Chipotle Mexican Grill, Inc. (NYSE:CMG) will announce earnings per share of $2.62 for the current quarter, according to Zacks Investment Research. Thirteen analysts have issued estimates for Chipotle Mexican Grill’s earnings, with the lowest EPS estimate coming in at $2.18 and the highest estimate coming in at $3.09. Chipotle Mexican Grill posted earnings of $1.72 per share in the same quarter last year, which indicates a positive year over year growth rate of 52.3%. The firm is expected to issue its next earnings report on Wednesday, February 5th.

On average, analysts expect that Chipotle Mexican Grill will report full-year earnings of $13.73 per share for the current year, with EPS estimates ranging from $12.30 to $14.51. For the next year, analysts forecast that the company will post earnings of $17.60 per share, with EPS estimates ranging from $16.01 to $20.00. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings data 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 business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. Chipotle Mexican Grill had a net margin of 5.77% and a return on equity of 23.97%. Chipotle Mexican Grill’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.16 EPS.

Several analysts recently issued reports on CMG shares. Jefferies Financial Group upped their price objective on shares of Chipotle Mexican Grill from $820.00 to $850.00 in a report on Wednesday, October 23rd. Telsey Advisory Group reiterated a “market perform” rating and set a $750.00 target price (up from $700.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 24th. Maxim Group upped their target price on shares of Chipotle Mexican Grill from $825.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. BMO Capital Markets increased their price objective on shares of Chipotle Mexican Grill from $640.00 to $650.00 and gave the company an “underperform” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Co increased their price objective on shares of Chipotle Mexican Grill from $796.00 to $803.00 and gave the company a “market perform” rating in a research note on Wednesday, October 23rd. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $779.03.

NYSE CMG opened at $743.37 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.47 and a debt-to-equity ratio of 1.63. The company has a fifty day simple moving average of $802.90 and a 200 day simple moving average of $765.17. The company has a market cap of $20.34 billion, a P/E ratio of 82.05, a P/E/G ratio of 2.71 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.

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 3,724 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $824.90, for a total transaction of $3,071,927.60. Following the sale, the chief executive officer now owns 28,542 shares of the company’s stock, valued at approximately $23,544,295.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pershing Square Capital Manage sold 29,200 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $815.60, for a total transaction of $23,815,520.00. The disclosure for this sale can be found here. Insiders have sold a total of 47,526 shares of company stock valued at $39,109,343 in the last quarter. 2.21% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Tokio Marine Asset Management Co. Ltd. grew its holdings in Chipotle Mexican Grill by 1.7% during the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 883 shares of the restaurant operator’s stock worth $647,000 after acquiring an additional 15 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Chipotle Mexican Grill by 77.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 39 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 17 shares during the last quarter. BB&T Securities LLC boosted its stake in shares of Chipotle Mexican Grill by 3.7% in the 2nd quarter. BB&T Securities LLC now owns 506 shares of the restaurant operator’s stock valued at $370,000 after purchasing an additional 18 shares during the last quarter. OLD National Bancorp IN boosted its stake in shares of Chipotle Mexican Grill by 3.6% in the 3rd quarter. OLD National Bancorp IN now owns 518 shares of the restaurant operator’s stock valued at $435,000 after purchasing an additional 18 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in shares of Chipotle Mexican Grill by 1.1% in the 2nd quarter. World Asset Management Inc now owns 1,816 shares of the restaurant operator’s stock valued at $1,331,000 after purchasing an additional 19 shares during the last quarter. 91.96% of the stock is currently owned by hedge funds and other institutional investors.

About Chipotle Mexican Grill

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.

Further Reading: How is an ETF different from a mutual fund?

Get a free copy of the Zacks research report on Chipotle Mexican Grill (CMG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Chipotle Mexican Grill (NYSE:CMG)

Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.