Brokerages Anticipate Chipotle Mexican Grill (CMG) Will Announce Quarterly Sales of $1.15 Billion

Equities research analysts expect Chipotle Mexican Grill (NYSE:CMG) to announce $1.15 billion in sales for the current quarter, Zacks Investment Research reports. Twelve analysts have issued estimates for Chipotle Mexican Grill’s earnings, with the highest sales estimate coming in at $1.18 billion and the lowest estimate coming in at $1.12 billion. Chipotle Mexican Grill reported sales of $1.07 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7.5%. The company is scheduled to announce its next earnings results after the market closes on Wednesday, April 25th.

According to Zacks, analysts expect that Chipotle Mexican Grill will report full year sales of $4.84 billion for the current financial year, with estimates ranging from $4.72 billion to $4.99 billion. For the next fiscal year, analysts anticipate that the business will report sales of $5.20 billion per share, with estimates ranging from $4.93 billion to $5.44 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Chipotle Mexican Grill.

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Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. Chipotle Mexican Grill had a net margin of 3.94% and a return on equity of 13.44%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year.

A number of equities research analysts have issued reports on CMG shares. Nomura boosted their target price on shares of Chipotle Mexican Grill from $291.00 to $315.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Wedbush cut shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating and set a $280.00 target price on the stock. in a report on Wednesday, February 7th. Deutsche Bank reissued a “sell” rating and set a $290.00 target price (up previously from $240.00) on shares of Chipotle Mexican Grill in a report on Wednesday, January 31st. Robert W. Baird raised shares of Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $315.00 to $295.00 in a report on Tuesday, February 27th. Finally, Wells Fargo boosted their target price on shares of Chipotle Mexican Grill from $280.00 to $300.00 and gave the company a “market perform” rating in a report on Tuesday, January 30th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $337.78.

CMG stock traded down $6.72 during midday trading on Tuesday, reaching $318.36. 625,476 shares of the company’s stock traded hands, compared to its average volume of 693,623. Chipotle Mexican Grill has a 52 week low of $247.51 and a 52 week high of $499.00. The stock has a market capitalization of $9,079.57, a price-to-earnings ratio of 48.24, a PEG ratio of 2.24 and a beta of 0.55.

In other Chipotle Mexican Grill news, Director Paul T. Cappuccio purchased 500 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was acquired at an average cost of $290.88 per share, for a total transaction of $145,440.00. Following the completion of the transaction, the director now directly owns 766 shares in the company, valued at approximately $222,814.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Pershing Square Capital Manage purchased 420,322 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of $318.14 per share, with a total value of $133,721,241.08. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 423,822 shares of company stock valued at $134,819,781. Company insiders own 2.19% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mosaic Family Wealth LLC boosted its position in Chipotle Mexican Grill by 1,356.7% during the fourth quarter. Mosaic Family Wealth LLC now owns 437 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 407 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Chipotle Mexican Grill by 75.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 571 shares of the restaurant operator’s stock valued at $165,000 after buying an additional 246 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in Chipotle Mexican Grill during the fourth quarter valued at about $197,000. Robeco Institutional Asset Management B.V. boosted its position in Chipotle Mexican Grill by 71.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 766 shares of the restaurant operator’s stock valued at $221,000 after buying an additional 318 shares during the period. Finally, IFM Investors Pty Ltd purchased a new stake in shares of Chipotle Mexican Grill during the third quarter worth about $263,000. Institutional investors and hedge funds own 84.21% of the company’s stock.

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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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