Chipotle Mexican Grill, Inc. (NYSE:CMG) – Analysts at Wedbush decreased their Q3 2021 EPS estimates for Chipotle Mexican Grill in a research note issued to investors on Wednesday, July 21st. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $6.00 per share for the quarter, down from their previous forecast of $6.33. Wedbush currently has a “Buy” rating and a $1,800.00 target price on the stock. Wedbush also issued estimates for Chipotle Mexican Grill’s Q4 2021 earnings at $6.50 EPS, FY2021 earnings at $25.32 EPS, Q2 2022 earnings at $7.84 EPS, Q3 2022 earnings at $8.73 EPS, Q4 2022 earnings at $8.57 EPS and FY2022 earnings at $31.82 EPS.
Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Monday, July 19th. The restaurant operator reported $7.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.52 by $0.94. Chipotle Mexican Grill had a return on equity of 28.98% and a net margin of 8.57%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the firm posted $0.40 EPS. The business’s revenue was up 38.7% compared to the same quarter last year.
Shares of CMG opened at $1,755.99 on Thursday. The business’s 50-day moving average is $1,445.33. Chipotle Mexican Grill has a 52-week low of $1,094.93 and a 52-week high of $1,778.29. The stock has a market cap of $49.43 billion, a PE ratio of 85.41, a price-to-earnings-growth ratio of 3.47 and a beta of 1.35.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. lifted its holdings in shares of Chipotle Mexican Grill by 3.2% in the second quarter. Raymond James Trust N.A. now owns 709 shares of the restaurant operator’s stock worth $1,099,000 after buying an additional 22 shares in the last quarter. Alpha Cubed Investments LLC increased its holdings in shares of Chipotle Mexican Grill by 2.0% in the second quarter. Alpha Cubed Investments LLC now owns 1,515 shares of the restaurant operator’s stock worth $2,349,000 after purchasing an additional 30 shares during the last quarter. Transform Wealth LLC boosted its stake in Chipotle Mexican Grill by 41.2% during the second quarter. Transform Wealth LLC now owns 264 shares of the restaurant operator’s stock valued at $409,000 after buying an additional 77 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in Chipotle Mexican Grill by 0.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 2,254 shares of the restaurant operator’s stock valued at $3,494,000 after buying an additional 16 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its stake in Chipotle Mexican Grill by 25.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 3,617 shares of the restaurant operator’s stock worth $5,608,000 after acquiring an additional 733 shares during the last quarter. Institutional investors own 89.19% of the company’s stock.
In related news, insider Scott Boatwright sold 1,607 shares of Chipotle Mexican Grill stock in a transaction 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 transaction, the insider now directly owns 11,873 shares in the company, valued at $18,996,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian R. Niccol sold 7,798 shares of the business’s stock in a transaction dated Monday, July 12th. The shares were sold at an average price of $1,608.22, for a total value of $12,540,899.56. Following the sale, the chief executive officer now directly owns 37,524 shares of the company’s stock, valued at approximately $60,346,847.28. The disclosure for this sale can be found here. Insiders sold 12,309 shares of company stock valued at $19,365,245 over the last quarter. Company insiders own 1.00% of the company’s stock.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of December 31, 2020, it owned and operated 2,724 Chipotle restaurants in the United States, 40 international Chipotle restaurants, and 4 non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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