Chipotle Mexican Grill (CMG) Expected to Announce Earnings on Wednesday

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

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share for the quarter, topping the consensus estimate 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 Trading Up 0.1 %

NYSE:CMG traded up $0.05 during midday trading on Friday, hitting $48.13. 9,352,505 shares of the company were exchanged, compared to its average volume of 13,432,046. The company has a fifty day simple moving average of $51.08 and a 200 day simple moving average of $56.64. The company has a market capitalization of $65.24 billion, a PE ratio of 43.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. Chipotle Mexican Grill has a fifty-two week low of $44.46 and a fifty-two week high of $69.26.

Institutional Trading of Chipotle Mexican Grill

A hedge fund recently raised its stake in Chipotle Mexican Grill stock. Revolve Wealth Partners LLC grew its holdings in shares of Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMG has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of Chipotle Mexican Grill from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Stifel Nicolaus dropped their price target on Chipotle Mexican Grill from $68.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Wedbush decreased their price objective on Chipotle Mexican Grill from $69.00 to $64.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Morgan Stanley upgraded Chipotle Mexican Grill from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $65.00 to $70.00 in a research note on Monday, March 3rd. Finally, Barclays dropped their price objective on shares of 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. Eight investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus 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.