Chipotle Mexican Grill (CMG) Projected to Post Earnings on Wednesday

Chipotle Mexican Grill (NYSE:CMG) is anticipated to post its quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect Chipotle Mexican Grill to post earnings of $0.28 per share and revenue of $2.98 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Chipotle Mexican Grill had a net margin of 13.56% and a return on equity of 42.92%. On average, analysts expect Chipotle Mexican Grill to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Chipotle Mexican Grill Stock Up 0.1 %

Chipotle Mexican Grill stock opened at $48.13 on Monday. Chipotle Mexican Grill has a twelve month low of $44.46 and a twelve month high of $69.26. The company has a market capitalization of $65.24 billion, a P/E ratio of 43.36, a PEG ratio of 2.04 and a beta of 1.27. The stock’s 50 day moving average is $50.92 and its 200 day moving average is $56.57.

Institutional Trading of Chipotle Mexican Grill

A hedge fund recently raised its stake in Chipotle Mexican Grill stock. Revolve Wealth Partners LLC boosted its stake in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,804 shares of the restaurant operator’s stock after buying an additional 214 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Chipotle Mexican Grill were worth $290,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 91.31% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on CMG shares. Barclays cut their target price on Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Loop Capital upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $58.00 to $65.00 in a report on Friday, March 14th. KeyCorp lowered their target price on shares of Chipotle Mexican Grill from $64.00 to $60.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Finally, Stifel Nicolaus reduced their price target on shares of Chipotle Mexican Grill from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Eight research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Chipotle Mexican Grill has an average rating of “Moderate Buy” and an average target price of $65.42.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.