Analysts expect Chipotle Mexican Grill, Inc. (NYSE:CMG) to announce sales of $1.26 billion for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have made estimates for Chipotle Mexican Grill’s earnings, with the lowest sales estimate coming in at $1.24 billion and the highest estimate coming in at $1.28 billion. Chipotle Mexican Grill posted sales of $1.17 billion in the same quarter last year, which suggests a positive year over year growth rate of 7.7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, July 26th.

On average, analysts expect that Chipotle Mexican Grill will report full year sales of $4.84 billion for the current financial year, with estimates ranging from $4.79 billion to $4.92 billion. For the next year, analysts forecast that the firm will post sales of $5.26 billion per share, with estimates ranging from $5.12 billion to $5.44 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Wednesday, April 25th. The restaurant operator reported $2.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.56. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Chipotle Mexican Grill had a net margin of 4.16% and a return on equity of 14.50%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.60 EPS.

A number of equities analysts recently weighed in on CMG shares. Robert W. Baird raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $315.00 to $295.00 in a research note on Tuesday, February 27th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $290.00 target price (up from $270.00) on shares of Chipotle Mexican Grill in a research note on Thursday, March 8th. They noted that the move was a valuation call. UBS Group set a $275.00 target price on shares of Chipotle Mexican Grill and gave the stock a “sell” rating in a research note on Friday, March 9th. Wedbush reissued a “neutral” rating and set a $310.00 price target (up from $285.00) on shares of Chipotle Mexican Grill in a research report on Tuesday, March 13th. Finally, Maxim Group reissued a “buy” rating and set a $410.00 price target on shares of Chipotle Mexican Grill in a research report on Wednesday, March 14th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and eight have given a buy rating to the stock. Chipotle Mexican Grill has an average rating of “Hold” and a consensus price target of $366.65.

NYSE CMG traded down $1.15 on Monday, reaching $464.35. The company had a trading volume of 27,948 shares, compared to its average volume of 589,654. The firm has a market cap of $13.11 billion, a PE ratio of 70.39, a PEG ratio of 3.02 and a beta of 0.50. Chipotle Mexican Grill has a 1-year low of $247.51 and a 1-year high of $472.31.

A number of institutional investors have recently added to or reduced their stakes in CMG. Sharkey Howes & Javer raised its holdings in Chipotle Mexican Grill by 953.9% in the 4th quarter. Sharkey Howes & Javer now owns 12,647 shares of the restaurant operator’s stock valued at $115,000 after acquiring an additional 11,447 shares during the period. Mosaic Family Wealth LLC raised its holdings in Chipotle Mexican Grill by 1,356.7% in the 4th quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 407 shares during the period. Federated Investors Inc. PA raised its holdings in Chipotle Mexican Grill by 71.7% in the 1st quarter. Federated Investors Inc. PA now owns 541 shares of the restaurant operator’s stock valued at $175,000 after acquiring an additional 226 shares during the period. IFP Advisors Inc raised its holdings in Chipotle Mexican Grill by 162.7% in the 1st quarter. IFP Advisors Inc now owns 599 shares of the restaurant operator’s stock valued at $194,000 after acquiring an additional 371 shares during the period. Finally, Koch Industries Inc. bought a new position in Chipotle Mexican Grill in the 1st quarter valued at about $206,000. 86.41% of the stock is currently owned by hedge funds and other institutional investors.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.

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

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