Equities Analysts Set Expectations for Chipotle Mexican Grill, Inc.’s Q1 2022 Earnings (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Research analysts at Piper Sandler lowered their Q1 2022 earnings estimates for shares of Chipotle Mexican Grill in a report released on Wednesday, September 15th. Piper Sandler analyst N. Regan now anticipates that the restaurant operator will post earnings of $7.32 per share for the quarter, down from their prior estimate of $7.37. Piper Sandler has a “Overweight” rating and a $2,600.00 price objective on the stock. Piper Sandler also issued estimates for Chipotle Mexican Grill’s Q3 2022 earnings at $8.81 EPS and Q4 2022 earnings at $8.64 EPS.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Monday, July 19th. The restaurant operator reported $7.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $6.52 by $0.94. Chipotle Mexican Grill had a return on equity of 28.27% and a net margin of 8.57%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. The firm’s quarterly revenue was up 38.7% compared to the same quarter last year.

A number of other equities research analysts also recently issued reports on CMG. UBS Group boosted their price target on Chipotle Mexican Grill from $1,700.00 to $1,850.00 and gave the company a “buy” rating in a research report on Wednesday, July 21st. Stephens boosted their price target on Chipotle Mexican Grill from $1,700.00 to $1,850.00 and gave the company an “overweight” rating in a research report on Wednesday, July 21st. KeyCorp boosted their price target on Chipotle Mexican Grill from $1,800.00 to $1,850.00 and gave the company an “overweight” rating in a research report on Wednesday, July 21st. Morgan Stanley boosted their price target on Chipotle Mexican Grill from $1,602.00 to $1,646.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 21st. Finally, Robert W. Baird restated a “buy” rating on shares of Chipotle Mexican Grill in a research note on Wednesday, September 15th. Nine analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Chipotle Mexican Grill has a consensus rating of “Buy” and an average price target of $1,819.76.

CMG stock opened at $1,884.33 on Monday. The stock has a 50-day moving average price of $1,843.60 and a two-hundred day moving average price of $1,582.06. Chipotle Mexican Grill has a 12-month low of $1,172.29 and a 12-month high of $1,940.99. The company has a market cap of $52.94 billion, a PE ratio of 91.65, a price-to-earnings-growth ratio of 3.73 and a beta of 1.36.

In other news, insider Scott Boatwright sold 1,607 shares of the company’s stock in a transaction that occurred on Monday, July 12th. The stock was sold at an average price of $1,600.00, for a total transaction of $2,571,200.00. Following the completion of the transaction, the insider now directly owns 11,873 shares of the company’s stock, valued at $18,996,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Albert S. Baldocchi sold 263 shares of the company’s stock in a transaction that occurred on Thursday, July 22nd. The shares were sold at an average price of $1,781.68, for a total value of $468,581.84. Following the transaction, the director now directly owns 38,571 shares of the company’s stock, valued at $68,721,179.28. The disclosure for this sale can be found here. Insiders have sold 40,408 shares of company stock worth $72,494,297 in the last 90 days. 1.00% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of CMG. Baldrige Asset Management LLC bought a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $31,000. Heritage Wealth Advisors bought a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $31,000. Financial Insights Inc. bought a new position in Chipotle Mexican Grill in the 2nd quarter worth approximately $39,000. Wolverine Asset Management LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $41,000. Finally, Allred Capital Management LLC bought a new position in Chipotle Mexican Grill in the 1st quarter worth approximately $48,000. 90.32% of the stock is owned by institutional investors and hedge funds.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc engages in the development and operation of classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. It offers focused menu of burritos, tacos, burrito bowls, and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.

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Earnings History and Estimates for Chipotle Mexican Grill (NYSE:CMG)

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