Analysts Anticipate Chipotle Mexican Grill, Inc. (NYSE:CMG) Will Announce Quarterly Sales of $1.40 Billion

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Wall Street analysts forecast that Chipotle Mexican Grill, Inc. (NYSE:CMG) will announce $1.40 billion in sales for the current quarter, according to Zacks. Twelve analysts have issued estimates for Chipotle Mexican Grill’s earnings, with the lowest sales estimate coming in at $1.38 billion and the highest estimate coming in at $1.41 billion. Chipotle Mexican Grill reported sales of $1.23 billion during the same quarter last year, which would suggest a positive year over year growth rate of 13.8%. The company is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, February 4th.

According to Zacks, analysts expect that Chipotle Mexican Grill will report full-year sales of $5.54 billion for the current financial year, with estimates ranging from $5.53 billion to $5.55 billion. For the next fiscal year, analysts anticipate that the company will post sales of $6.23 billion, with estimates ranging from $6.11 billion to $6.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Chipotle Mexican Grill.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $3.82 EPS for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the firm earned $2.16 earnings per share. The business’s quarterly revenue was up 14.6% on a year-over-year basis.

Several brokerages have recently issued reports on CMG. UBS Group lifted their target price on Chipotle Mexican Grill from $650.00 to $690.00 and gave the stock a “sell” rating in a report on Wednesday, October 23rd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $904.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday, November 20th. ValuEngine cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Credit Suisse Group lifted their target price on Chipotle Mexican Grill from $880.00 to $930.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Oppenheimer reissued an “underperform” rating and set a $625.00 price objective (up from $525.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, October 23rd. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $801.10.

Shares of CMG stock traded up $1.04 during trading hours on Friday, hitting $837.11. The stock had a trading volume of 282,153 shares, compared to its average volume of 308,550. Chipotle Mexican Grill has a one year low of $423.98 and a one year high of $857.90. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.51 and a quick ratio of 1.47. The stock’s 50-day moving average price is $807.54 and its two-hundred day moving average price is $793.65. The stock has a market capitalization of $23.27 billion, a price-to-earnings ratio of 92.40, a PEG ratio of 3.06 and a beta of 0.70.

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 749 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $813.11, for a total transaction of $609,019.39. Following the completion of the transaction, the chief executive officer now owns 26,634 shares in the company, valued at $21,656,371.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian R. Niccol sold 716 shares of the business’s stock in a transaction that occurred 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 approximately $20,728,176.84. The disclosure for this sale can be found here. 2.21% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. KBC Group NV lifted its holdings in Chipotle Mexican Grill by 3.5% during the second quarter. KBC Group NV now owns 2,449 shares of the restaurant operator’s stock worth $1,795,000 after buying an additional 82 shares during the period. Jennison Associates LLC lifted its holdings in Chipotle Mexican Grill by 7.6% during the second quarter. Jennison Associates LLC now owns 927,804 shares of the restaurant operator’s stock worth $679,969,000 after buying an additional 65,485 shares during the period. Commerce Bank increased its position in shares of Chipotle Mexican Grill by 21.0% during the second quarter. Commerce Bank now owns 704 shares of the restaurant operator’s stock worth $516,000 after purchasing an additional 122 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Chipotle Mexican Grill by 80.5% during the second quarter. Janus Henderson Group PLC now owns 103,209 shares of the restaurant operator’s stock worth $75,635,000 after purchasing an additional 46,017 shares in the last quarter. Finally, Bridges Investment Management Inc. acquired a new position in shares of Chipotle Mexican Grill during the second quarter worth $480,000. Hedge funds and other institutional investors own 93.31% 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.

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