Chipotle Mexican Grill, Inc. (NYSE:CMG) – Stock analysts at Piper Jaffray Companies lifted their Q3 2019 EPS estimates for Chipotle Mexican Grill in a research note issued to investors on Wednesday, August 28th, according to Zacks Investment Research. Piper Jaffray Companies analyst N. Regan now forecasts that the restaurant operator will earn $3.14 per share for the quarter, up from their previous forecast of $2.90. Piper Jaffray Companies has a “Overweight” rating and a $904.00 price target on the stock. Piper Jaffray Companies also issued estimates for Chipotle Mexican Grill’s FY2019 earnings at $13.19 EPS, Q3 2020 earnings at $4.48 EPS, FY2020 earnings at $17.35 EPS and FY2021 earnings at $21.15 EPS.
A number of other brokerages have also recently issued reports on CMG. Wedbush raised Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $780.00 to $980.00 in a report on Monday, September 9th. KeyCorp lifted their price target on Chipotle Mexican Grill from $780.00 to $860.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Citigroup lifted their price target on Chipotle Mexican Grill from $695.00 to $797.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Goldman Sachs Group set a $1,000.00 price target on Chipotle Mexican Grill and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $750.00 price target (up previously from $700.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, July 24th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating to the stock. Chipotle Mexican Grill presently has an average rating of “Hold” and a consensus target price of $709.58.
NYSE CMG traded up $25.88 on Monday, reaching $825.75. The stock had a trading volume of 643,472 shares, compared to its average volume of 587,836. Chipotle Mexican Grill has a 1-year low of $383.20 and a 1-year high of $857.90. The firm has a fifty day moving average of $814.29 and a two-hundred day moving average of $729.35. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.52 and a quick ratio of 1.48. The company has a market cap of $22.27 billion, a P/E ratio of 91.14, a price-to-earnings-growth ratio of 3.14 and a beta of 0.71.
Chipotle Mexican Grill (NYSE:CMG) last issued its earnings results on Tuesday, July 23rd. The restaurant operator reported $3.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.68 by $0.31. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Chipotle Mexican Grill had a return on equity of 21.50% and a net margin of 4.80%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.87 earnings per share.
A number of large investors have recently made changes to their positions in CMG. Commonwealth Bank of Australia increased its holdings in Chipotle Mexican Grill by 77.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 39 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 17 shares during the period. Bremer Bank National Association purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $33,000. CWM LLC purchased a new stake in shares of Chipotle Mexican Grill in the 1st quarter worth approximately $36,000. FNY Investment Advisers LLC purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $36,000. Finally, Griffin Asset Management Inc. purchased a new stake in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $41,000. Institutional investors own 91.90% of the company’s stock.
In related news, CTO Curtis E. Garner sold 1,272 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $850.00, for a total transaction of $1,081,200.00. Following the transaction, the chief technology officer now owns 7,280 shares in the company, valued at approximately $6,188,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Pershing Square Capital Manage sold 80,000 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $726.15, for a total value of $58,092,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,559 shares of company stock worth $125,535,353. 2.21% of the stock is owned by company insiders.
Chipotle Mexican Grill Company Profile
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.