FY2019 EPS Estimates for Chipotle Mexican Grill, Inc. (NYSE:CMG) Boosted by KeyCorp

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities researchers at KeyCorp raised their FY2019 earnings per share (EPS) estimates for Chipotle Mexican Grill in a research report issued to clients and investors on Tuesday, October 22nd. KeyCorp analyst E. Gonzalez now anticipates that the restaurant operator will post earnings of $14.51 per share for the year, up from their prior forecast of $13.66. KeyCorp currently has a “Overweight” rating and a $900.00 target price on the stock. KeyCorp also issued estimates for Chipotle Mexican Grill’s Q4 2019 earnings at $3.09 EPS, Q1 2020 earnings at $4.32 EPS, Q2 2020 earnings at $5.00 EPS, Q3 2020 earnings at $4.59 EPS, Q4 2020 earnings at $4.15 EPS, FY2020 earnings at $18.06 EPS, Q1 2021 earnings at $5.14 EPS, Q2 2021 earnings at $6.11 EPS, Q3 2021 earnings at $5.64 EPS and FY2021 earnings at $22.05 EPS.

Other analysts have also issued reports about the company. Jefferies Financial Group raised their price target on Chipotle Mexican Grill from $820.00 to $850.00 in a research note on Wednesday. SunTrust Banks raised their price target on Chipotle Mexican Grill from $900.00 to $920.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Co raised their price target on Chipotle Mexican Grill from $796.00 to $803.00 and gave the stock a “market perform” rating in a research note on Wednesday. Maxim Group raised their price target on Chipotle Mexican Grill from $825.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on Chipotle Mexican Grill from $705.00 to $845.00 and gave the stock a “neutral” rating in a research note on Wednesday. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fifteen have issued a buy rating to the company. Chipotle Mexican Grill has an average rating of “Hold” and a consensus target price of $779.03.

Shares of NYSE:CMG opened at $798.34 on Friday. The stock’s 50-day moving average price is $823.09 and its two-hundred day moving average price is $760.64. The company has a current ratio of 1.51, a quick ratio of 1.48 and a debt-to-equity ratio of 1.63. Chipotle Mexican Grill has a 12-month low of $383.20 and a 12-month high of $857.90. The firm has a market cap of $21.85 billion, a price-to-earnings ratio of 88.12, a PEG ratio of 2.94 and a beta of 0.70.

Chipotle Mexican Grill (NYSE:CMG) last issued its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.69. Chipotle Mexican Grill had a return on equity of 23.97% and a net margin of 5.77%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned $2.16 EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis.

In other news, insider Steve Ells sold 28,645 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $802.66, for a total value of $22,992,195.70. Following the transaction, the insider now directly owns 183,580 shares in the company, valued at approximately $147,352,322.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian R. Niccol sold 772 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $843.90, for a total value of $651,490.80. Following the completion of the transaction, the chief executive officer now owns 26,634 shares in the company, valued at $22,476,432.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,367 shares of company stock worth $91,008,264. Company insiders own 2.21% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Chipotle Mexican Grill by 1.7% during the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 883 shares of the restaurant operator’s stock valued at $647,000 after buying an additional 15 shares during the period. Commonwealth Bank of Australia raised its holdings in shares of 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 buying an additional 17 shares during the period. BB&T Securities LLC raised its holdings in shares of Chipotle Mexican Grill by 3.7% during the 2nd quarter. BB&T Securities LLC now owns 506 shares of the restaurant operator’s stock valued at $370,000 after buying an additional 18 shares during the period. OLD National Bancorp IN raised its holdings in shares of Chipotle Mexican Grill by 3.6% during the 3rd quarter. OLD National Bancorp IN now owns 518 shares of the restaurant operator’s stock valued at $435,000 after buying an additional 18 shares during the period. Finally, World Asset Management Inc raised its holdings in shares of Chipotle Mexican Grill by 1.1% during the 2nd quarter. World Asset Management Inc now owns 1,816 shares of the restaurant operator’s stock valued at $1,331,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 92.04% 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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