Chipotle Mexican Grill, Inc. (NYSE:CMG – Free Report) – Analysts at Zacks Research dropped their Q3 2024 earnings per share (EPS) estimates for Chipotle Mexican Grill in a research note issued to investors on Tuesday, September 5th. Zacks Research analyst H. Ray now expects that the restaurant operator will earn $13.16 per share for the quarter, down from their prior forecast of $13.22. The consensus estimate for Chipotle Mexican Grill’s current full-year earnings is $43.06 per share. Zacks Research also issued estimates for Chipotle Mexican Grill’s Q4 2024 earnings at $12.06 EPS.
Chipotle Mexican Grill (NYSE:CMG – Get Free Report) last released its earnings results on Wednesday, July 26th. The restaurant operator reported $12.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.25 by $0.40. Chipotle Mexican Grill had a return on equity of 45.85% and a net margin of 12.00%. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter last year, the business posted $9.30 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis.
Get Our Latest Stock Report on Chipotle Mexican Grill
Chipotle Mexican Grill Trading Up 0.7 %
NYSE:CMG opened at $1,967.89 on Thursday. Chipotle Mexican Grill has a 12-month low of $1,344.05 and a 12-month high of $2,175.01. The stock has a 50-day moving average price of $1,974.26 and a 200 day moving average price of $1,890.93. The stock has a market capitalization of $54.29 billion, a P/E ratio of 49.15, a P/E/G ratio of 1.68 and a beta of 1.30.
Hedge Funds Weigh In On Chipotle Mexican Grill
Several large investors have recently modified their holdings of the stock. Chapin Davis Inc. bought a new position in shares of Chipotle Mexican Grill during the second quarter worth about $1,025,000. Western Wealth Management LLC lifted its position in shares of Chipotle Mexican Grill by 7.8% during the second quarter. Western Wealth Management LLC now owns 318 shares of the restaurant operator’s stock worth $680,000 after purchasing an additional 23 shares during the last quarter. CTC Alternative Strategies Ltd. bought a new position in shares of Chipotle Mexican Grill during the second quarter worth about $1,283,000. BOKF NA lifted its position in shares of Chipotle Mexican Grill by 30.6% during the second quarter. BOKF NA now owns 1,648 shares of the restaurant operator’s stock worth $3,525,000 after purchasing an additional 386 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Chipotle Mexican Grill by 12.9% during the second quarter. Osaic Holdings Inc. now owns 8,674 shares of the restaurant operator’s stock worth $18,546,000 after purchasing an additional 994 shares during the last quarter. Institutional investors own 91.19% of the company’s stock.
Insider Buying and Selling at Chipotle Mexican Grill
In other news, CEO Brian R. Niccol sold 1,086 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $2,138.00, for a total transaction of $2,321,868.00. Following the completion of the sale, the chief executive officer now directly owns 23,347 shares in the company, valued at approximately $49,915,886. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,058 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $1,928.16, for a total value of $2,039,993.28. Following the completion of the transaction, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at approximately $45,016,751.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian R. Niccol sold 1,086 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $2,138.00, for a total transaction of $2,321,868.00. Following the completion of the transaction, the chief executive officer now directly owns 23,347 shares of the company’s stock, valued at $49,915,886. The disclosure for this sale can be found here. In the last three months, insiders sold 3,207 shares of company stock worth $6,434,541. Insiders own 0.96% of the company’s stock.
About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It offers burritos, burrito bowls, quesadillas, tacos, and salads. The company was founded in 1993 and is headquartered in Newport Beach, California.
Featured Articles
- Five stocks we like better than Chipotle Mexican Grill
- How to Calculate Inflation Rate
- These 3 Wood Stocks are about to go on Discount
- 3 Small Caps With Big Return Potential
- Same Coin, Different Sides: 2 Observability Stocks Reverse Ways
- Best Stocks Under $5.00
- 3 Stocks Awaiting Winter Winds of Opportunity
Receive News & Ratings for Chipotle Mexican Grill Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipotle Mexican Grill and related companies with MarketBeat.com's FREE daily email newsletter.
