Q4 2019 EPS Estimates for Chipotle Mexican Grill, Inc. Decreased by Analyst (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities researchers at Northcoast Research decreased their Q4 2019 earnings estimates for Chipotle Mexican Grill in a research report issued to clients and investors on Thursday, November 7th. Northcoast Research analyst J. Sanderson now expects that the restaurant operator will post earnings per share of $2.80 for the quarter, down from their previous estimate of $3.28. Northcoast Research currently has a “Sell” rating and a $400.00 target price on the stock.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.13 by $0.69. Chipotle Mexican Grill had a return on equity of 23.97% and a net margin of 5.77%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm posted $2.16 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis.

Other analysts have also issued research reports about the company. BMO Capital Markets raised their price target on Chipotle Mexican Grill from $640.00 to $650.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 23rd. KeyCorp raised their price target on Chipotle Mexican Grill from $870.00 to $900.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. BTIG Research raised their price target on Chipotle Mexican Grill from $845.00 to $890.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. They noted that the move was a valuation call. Wells Fargo & Co raised their price target on Chipotle Mexican Grill from $796.00 to $803.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 23rd. Finally, Wedbush reaffirmed a “buy” rating and issued a $980.00 price target on shares of Chipotle Mexican Grill in a research note on Wednesday, October 23rd. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $779.03.

Shares of CMG stock opened at $743.37 on Monday. The stock has a fifty day moving average of $802.90 and a 200 day moving average of $765.17. Chipotle Mexican Grill has a 52 week low of $383.20 and a 52 week high of $857.90. The firm has a market capitalization of $20.59 billion, a price-to-earnings ratio of 82.05, a PEG ratio of 2.75 and a beta of 0.70. The company has a quick ratio of 1.47, a current ratio of 1.51 and a debt-to-equity ratio of 1.63.

In other news, Director Pershing Square Capital Manage sold 29,200 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $815.60, for a total transaction of $23,815,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian R. Niccol sold 716 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $778.26, for a total value of $557,234.16. Following the transaction, the chief executive officer now owns 26,634 shares of the company’s stock, valued at $20,728,176.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,526 shares of company stock valued at $39,109,343. 2.21% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Cetera Advisors LLC bought a new position in shares of Chipotle Mexican Grill during the third quarter valued at $560,000. Rational Advisors LLC increased its holdings in shares of Chipotle Mexican Grill by 11.4% during the third quarter. Rational Advisors LLC now owns 575 shares of the restaurant operator’s stock valued at $483,000 after acquiring an additional 59 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Chipotle Mexican Grill by 5.1% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 972 shares of the restaurant operator’s stock valued at $817,000 after acquiring an additional 47 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of Chipotle Mexican Grill by 29.4% during the third quarter. AE Wealth Management LLC now owns 440 shares of the restaurant operator’s stock valued at $370,000 after acquiring an additional 100 shares in the last quarter. Finally, BBVA USA Bancshares Inc. bought a new position in shares of Chipotle Mexican Grill during the third quarter valued at $400,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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.

Featured Story: Benefits of owning preferred stock

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.