Chipotle Mexican Grill, Inc. Expected to Post Q3 2024 Earnings of $0.25 Per Share (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Stock analysts at Zacks Research lowered their Q3 2024 earnings per share (EPS) estimates for Chipotle Mexican Grill in a research note issued to investors on Wednesday, August 7th. Zacks Research analyst H. Ray now anticipates that the restaurant operator will post earnings per share of $0.25 for the quarter, down from their previous estimate of $0.27. The consensus estimate for Chipotle Mexican Grill’s current full-year earnings is $1.09 per share. Zacks Research also issued estimates for Chipotle Mexican Grill’s Q3 2025 earnings at $0.31 EPS and FY2025 earnings at $1.27 EPS.

Several other equities analysts have also commented on the company. Wedbush dropped their target price on Chipotle Mexican Grill from $64.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft dropped their target price on Chipotle Mexican Grill from $72.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Morgan Stanley raised their price objective on Chipotle Mexican Grill from $59.72 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. BTIG Research raised their price objective on Chipotle Mexican Grill from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Loop Capital dropped their price objective on Chipotle Mexican Grill from $58.00 to $53.00 and set a “hold” rating on the stock in a report on Thursday, July 25th. Eleven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.88.

Chipotle Mexican Grill Trading Up 2.3 %

NYSE:CMG traded up $1.23 during trading hours on Thursday, hitting $55.55. The company’s stock had a trading volume of 11,569,747 shares, compared to its average volume of 14,392,227. The stock has a market capitalization of $76.29 billion, a P/E ratio of 59.11, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. The stock has a fifty day moving average of $123.48 and a 200-day moving average of $80.05. Chipotle Mexican Grill has a 52-week low of $35.37 and a 52-week high of $69.26.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, July 24th. The restaurant operator reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the firm earned $12.65 earnings per share.

Insider Activity at Chipotle Mexican Grill

In related news, insider Curtis E. Garner sold 17,394 shares of Chipotle Mexican Grill stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $54.68, for a total transaction of $951,103.92. Following the transaction, the insider now owns 358,300 shares in the company, valued at approximately $19,591,844. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in shares of Chipotle Mexican Grill by 4,732.3% during the 2nd quarter. American Century Companies Inc. now owns 20,177,309 shares of the restaurant operator’s stock valued at $1,264,109,000 after buying an additional 19,759,754 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Chipotle Mexican Grill by 5,930.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,310,132 shares of the restaurant operator’s stock valued at $645,930,000 after buying an additional 10,139,174 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Chipotle Mexican Grill by 4,816.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,356,173 shares of the restaurant operator’s stock valued at $523,514,000 after buying an additional 8,186,198 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Chipotle Mexican Grill by 4,565.8% during the 2nd quarter. William Blair Investment Management LLC now owns 5,078,767 shares of the restaurant operator’s stock valued at $318,185,000 after buying an additional 4,969,916 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Chipotle Mexican Grill by 3,304.6% during the 2nd quarter. Renaissance Technologies LLC now owns 5,078,100 shares of the restaurant operator’s stock valued at $318,143,000 after buying an additional 4,928,945 shares during the last quarter. Institutional investors and hedge funds own 91.31% 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. 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.