Q2 2024 EPS Estimates for Chipotle Mexican Grill, Inc. Increased by Analyst (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG - Free Report) - Stock analysts at Zacks Research upped their Q2 2024 earnings per share estimates for shares of Chipotle Mexican Grill in a report issued on Wednesday, May 8th. Zacks Research analyst H. Ray now expects that the restaurant operator will earn $15.48 per share for the quarter, up from their previous forecast of $14.88. The consensus estimate for Chipotle Mexican Grill's current full-year earnings is $55.08 per share. Zacks Research also issued estimates for Chipotle Mexican Grill's Q2 2025 earnings at $18.20 EPS, Q3 2025 earnings at $16.06 EPS, Q4 2025 earnings at $14.91 EPS, FY2025 earnings at $64.50 EPS and FY2026 earnings at $70.13 EPS.

Chipotle Mexican Grill (NYSE:CMG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $11.63 by $1.74. Chipotle Mexican Grill had a return on equity of 43.74% and a net margin of 12.70%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion.

Other analysts have also issued research reports about the stock. TD Cowen lifted their price target on shares of Chipotle Mexican Grill from $3,400.00 to $3,500.00 and gave the company a "buy" rating in a research report on Thursday, April 25th. Argus upped their price target on Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the company a "buy" rating in a research note on Thursday, April 4th. KeyCorp raised their price objective on Chipotle Mexican Grill from $3,250.00 to $3,400.00 and gave the stock an "overweight" rating in a research report on Thursday, April 25th. Sanford C. Bernstein lifted their price target on shares of Chipotle Mexican Grill from $2,800.00 to $3,200.00 and gave the company an "outperform" rating in a research report on Tuesday, March 26th. Finally, Oppenheimer restated an "outperform" rating and issued a $3,300.00 price objective (up from $2,825.00) on shares of Chipotle Mexican Grill in a report on Thursday, April 25th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat, Chipotle Mexican Grill has a consensus rating of "Moderate Buy" and a consensus target price of $3,137.12.

Chipotle Mexican Grill Stock Up 0.2 %

Shares of Chipotle Mexican Grill stock traded up $6.26 during mid-day trading on Friday, reaching $3,239.23. 163,148 shares of the stock traded hands, compared to its average volume of 241,347. The stock has a market capitalization of $88.98 billion, a PE ratio of 69.13, a PEG ratio of 2.53 and a beta of 1.26. The business has a 50-day moving average of $2,921.29 and a 200 day moving average of $2,510.94. Chipotle Mexican Grill has a fifty-two week low of $1,768.64 and a fifty-two week high of $3,260.00.

Chipotle Mexican Grill's stock is set to split before the market opens on Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly issued shares will be payable to shareholders after the closing bell on Tuesday, June 25th.

Institutional Trading of Chipotle Mexican Grill

Large investors have recently bought and sold shares of the company. Northern Trust Corp boosted its stake in shares of Chipotle Mexican Grill by 5.0% during the third quarter. Northern Trust Corp now owns 283,203 shares of the restaurant operator's stock valued at $518,780,000 after acquiring an additional 13,513 shares during the last quarter. Covestor Ltd grew its holdings in shares of Chipotle Mexican Grill by 9.2% during the third quarter. Covestor Ltd now owns 95 shares of the restaurant operator's stock worth $174,000 after buying an additional 8 shares in the last quarter. NewEdge Wealth LLC acquired a new position in shares of Chipotle Mexican Grill in the third quarter valued at approximately $205,000. Laidlaw Wealth Management LLC lifted its stake in shares of Chipotle Mexican Grill by 69.8% during the third quarter. Laidlaw Wealth Management LLC now owns 270 shares of the restaurant operator's stock valued at $495,000 after buying an additional 111 shares during the period. Finally, Clearstead Advisors LLC boosted its position in Chipotle Mexican Grill by 0.7% during the third quarter. Clearstead Advisors LLC now owns 773 shares of the restaurant operator's stock worth $1,416,000 after acquiring an additional 5 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company's stock.

Insider Activity

In related news, Director Albert S. Baldocchi sold 750 shares of the business's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $2,608.51, for a total value of $1,956,382.50. Following the transaction, the director now owns 37,271 shares in the company, valued at approximately $97,221,776.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Albert S. Baldocchi sold 750 shares of the business's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $2,608.51, for a total transaction of $1,956,382.50. Following the transaction, the director now directly owns 37,271 shares in the company, valued at $97,221,776.21. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Albert S. Baldocchi sold 1,000 shares of Chipotle Mexican Grill stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $3,166.01, for a total value of $3,166,010.00. Following the completion of the sale, the director now directly owns 27,250 shares in the company, valued at approximately $86,273,772.50. The disclosure for this sale can be found here. Insiders have sold 14,914 shares of company stock valued at $46,199,920 in the last ninety days. 1.02% of the stock is currently owned by company insiders.

About Chipotle Mexican Grill

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.