Q1 2020 EPS Estimates for Chipotle Mexican Grill, Inc. (CMG) Lowered by Analyst

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities research analysts at Piper Jaffray Companies dropped their Q1 2020 earnings per share estimates for shares of Chipotle Mexican Grill in a research note issued on Sunday, May 19th. Piper Jaffray Companies analyst N. Regan now forecasts that the restaurant operator will post earnings of $4.18 per share for the quarter, down from their previous forecast of $4.31. Piper Jaffray Companies has a “Overweight” rating and a $783.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Chipotle Mexican Grill’s Q3 2020 earnings at $4.14 EPS, Q4 2020 earnings at $3.83 EPS and FY2020 earnings at $16.75 EPS.

Several other equities research analysts also recently issued reports on the company. Cowen reissued a “market perform” rating and issued a $660.00 price objective (up from $640.00) on shares of Chipotle Mexican Grill in a research note on Thursday, April 25th. BTIG Research increased their price objective on Chipotle Mexican Grill from $620.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Loop Capital increased their price objective on Chipotle Mexican Grill to $780.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Wedbush increased their price objective on Chipotle Mexican Grill from $400.00 to $440.00 and gave the stock an “underperform” rating in a research note on Monday, February 4th. Finally, ValuEngine raised Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 8th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $643.79.

Shares of Chipotle Mexican Grill stock opened at $715.00 on Wednesday. The stock has a market capitalization of $19.84 billion, a P/E ratio of 78.92, a price-to-earnings-growth ratio of 2.88 and a beta of 0.64. Chipotle Mexican Grill has a 1 year low of $383.20 and a 1 year high of $727.00.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.01 by $0.39. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 EPS.

Several hedge funds and other institutional investors have recently modified their holdings of CMG. FMR LLC increased its holdings in shares of Chipotle Mexican Grill by 88.7% during the 1st quarter. FMR LLC now owns 1,143,585 shares of the restaurant operator’s stock valued at $812,301,000 after acquiring an additional 537,677 shares during the last quarter. Norges Bank acquired a new position in shares of Chipotle Mexican Grill during the 4th quarter valued at about $104,491,000. Renaissance Technologies LLC increased its holdings in shares of Chipotle Mexican Grill by 17.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,460,399 shares of the restaurant operator’s stock valued at $1,037,336,000 after acquiring an additional 219,940 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Chipotle Mexican Grill by 40.1% during the 1st quarter. Wellington Management Group LLP now owns 716,351 shares of the restaurant operator’s stock valued at $508,831,000 after acquiring an additional 204,895 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Chipotle Mexican Grill by 101.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 307,230 shares of the restaurant operator’s stock valued at $132,659,000 after acquiring an additional 154,428 shares during the last quarter. 93.13% of the stock is currently owned by institutional investors and hedge funds.

In other Chipotle Mexican Grill news, CFO Jack Hartung sold 4,907 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $625.21, for a total value of $3,067,905.47. Following the transaction, the chief financial officer now directly owns 45,237 shares of the company’s stock, valued at approximately $28,282,624.77. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 12,658 shares of company stock worth $8,180,702. Insiders own 2.21% 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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Earnings History and Estimates for Chipotle Mexican Grill (NYSE:CMG)

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