Chipotle Mexican Grill Company Profile (NYSE:CMG)

Chipotle Mexican Grill trades on the New York Stock Exchange (NYSE) under the ticker symbol "CMG."

Chipotle Mexican Grill announced that its Board of Directors has initiated a stock buyback program on Sunday, April 9th 2017, which authorizes the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 0.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Chipotle Mexican Grill, Inc. (NYSE:CMG) posted its earnings results on Tuesday, July, 25th. The company reported $2.32 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.16 by $0.16. The firm earned $1.17 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chipotle Mexican Grill had a net margin of 3.17% and a return on equity of 10.65%. The company's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 EPS. View Chipotle Mexican Grill's Earnings History.

Chipotle Mexican Grill is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Chipotle Mexican Grill.

36 analysts have issued 1-year target prices for Chipotle Mexican Grill's stock. Their predictions range from $215.00 to $564.00. On average, they anticipate Chipotle Mexican Grill's share price to reach $402.10 in the next year. View Analyst Ratings for Chipotle Mexican Grill.

Here are some recent quotes from research analysts about Chipotle Mexican Grill stock:

• 1. According to Zacks Investment Research, "Chipotle’s second-quarter adjusted earnings of $2.32 per share beat the Zacks Consensus Estimate by 7.4% and rose notably on a year-over-year basis. Revenues rose 17.1% to $1.17 billion and but missed the consensus mark by over 1%. Throughout 2016, Chipotle’s performance continued to be affected by the negative publicity linked with the food-borne illnesses. Though Chipotle’s recovery plan to restore its economic model and customers trust to build sales along with efforts to enhance guest experience have  started bearing fruit, a fresh round of food-safety scare has once again raised alarming questions. In fact, Chipotle shares have underperformed the industry over the last three months. Nevertheless, various sales and technology driven initiatives undertaken should entice customers. Still, higher costs are likely to impact margins, while a choppy sales environment in the U.S. restaurant space might limit revenue growth." (8/4/2017)
• 2. Maxim Group analysts commented, "We upgrade shares of Chipotle Mexican Grill (CMG) to Buy, from Hold and increase our price target to $470, from $440 ahead of the release of 2Q17 (June) earnings on Tuesday, July 25." (7/18/2017)
• 3. Wedbush analysts commented, "We believe current valuation appropriately reflects an improving top-line trajectory, offset by limited visibility into Chipotle's nearterm margin trajectory. Checks indicate continued SSS growth momentum in Q1. Our recent checks of 5% of comp base units indicate Q1 SSS growth at least in line with 14.9% cons. Promotions (both online and mailers), fundraisers, busier lunch, improved weather, and compares versus LY's outbreak were all cited as drivers. In cases where sales were down, the primary reason now cited has returned to the pre-crisis answer of cannibalization." (3/27/2017)
• 4. Instinet analysts commented, "After yesterday's market close, Chipotle Mexican Grill reported Q4 EPS of $0.55, within the pre-announced range of $0.50-0.58, and matching our $0.55 estimate. Consensus Metrix was at $0.54. Fourth-quarter same-store sales'which had been previously divulged'declined by 4.8%. For full-year 2017, the company continues to target high-single-digit same-store sales, 195-210 new units, and a tax rate of 39.0-39.5%. We retain our 2017 and 2018 EPS projections of $8.40 and $12.40, respectively, and maintain our Neutral rating on CMG." (2/3/2017)
• 5. Royal Bank Of Canada analysts commented, "Following 4Q16 results, our EPS estimates are largely unchanged reflecting a slightly faster sales recovery offset by higher assumed G&A from executive bonuses. Upside to our base case target of $465 will largely depend on accelerating sales momentum from operations improvements, digital ordering and new marketing'all of which can increase in impact in the coming months." (1/31/2017)

Some companies that are related to Chipotle Mexican Grill include Yum China Holdings (YUMC), Domino's Pizza (DPZ), Wendys Co (WEN), Jack In The Box (JACK), Arcos Dorados Holdings (ARCO), Domino's Pizza Group PLC. (DOM), Wingstop (WING), Sonic Corp. (SONC), Red Robin Gourmet Burgers (RRGB), Del Taco Restaurants (TACO), Carrols Restaurant Group (TAST), Fogo de Chao (FOGO), Noodles & Company (NDLS), Jamba (JMBA), Papa Murphy's Holdings (FRSH), Country Syl Ckng Restaurant Chain Co Ltd (CCSC) and Popeyes Louisiana Kitchen (PLKI).

Chipotle Mexican Grill's management team includes the folowing people:

• Steve Ells, Chairman of the Board, Chief Executive Officer
• John R. Hartung, Chief Financial Officer
• Curtis Evander Garner III, Chief Digital and Information Officer
• Mark Crumpacker, Chief Marketing and Development Officer
• Scott Boatwright, Chief Restaurant Officer
• Neil W. Flanzraich, Lead Independent Director
• Albert S. Baldocchi, Independent Director
• Paul T. Cappuccio, Independent Director
• Robin S. Hickenlooper, Independent Director
• Kimbal Musk, Independent Director

Chipotle Mexican Grill's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.76%), BlackRock Inc. (5.77%), State Street Corp (4.13%), FMR LLC (4.05%), American Century Companies Inc. (1.98%) and Carmignac Gestion (1.81%). Company insiders that own Chipotle Mexican Grill stock include Matthew H Paull and Steve Ells. View Institutional Ownership Trends for Chipotle Mexican Grill.

Chipotle Mexican Grill's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., Tybourne Capital Management HK Ltd., Bank of Nova Scotia, State Street Corp, Steadfast Capital Management LP, C Partners Holding Gmbh and Bank of New York Mellon Corp. View Insider Buying and Selling for Chipotle Mexican Grill.

Chipotle Mexican Grill's stock was acquired by a variety of institutional investors in the last quarter, including Carmignac Gestion, Renaissance Technologies LLC, American Century Companies Inc., APG Asset Management N.V., Numeric Investors LLC, Columbus Circle Investors, Harbour Capital Advisors LLC and Teachers Advisors LLC. View Insider Buying and Selling for Chipotle Mexican Grill.

Shares of Chipotle Mexican Grill can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Chipotle Mexican Grill stock can currently be purchased for approximately $320.13.