Equities Analysts Issue Forecasts for Chipotle Mexican Grill, Inc.’s Q4 2024 Earnings (NYSE:CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) – Equities researchers at William Blair boosted their Q4 2024 earnings per share estimates for Chipotle Mexican Grill in a research note issued on Wednesday, February 7th. William Blair analyst S. Zackfia now forecasts that the restaurant operator will post earnings of $13.04 per share for the quarter, up from their prior forecast of $11.97. The consensus estimate for Chipotle Mexican Grill’s current full-year earnings is $53.12 per share. William Blair also issued estimates for Chipotle Mexican Grill’s FY2025 earnings at $67.94 EPS.

Several other brokerages also recently issued reports on CMG. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Chipotle Mexican Grill in a research note on Thursday, October 19th. They set a “buy” rating and a $2,375.00 target price on the stock. Piper Sandler increased their price objective on Chipotle Mexican Grill from $1,930.00 to $2,226.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 16th. KeyCorp raised their price objective on Chipotle Mexican Grill from $2,250.00 to $2,750.00 and gave the stock an “overweight” rating in a research report on Wednesday. Raymond James upped their target price on Chipotle Mexican Grill from $2,450.00 to $2,550.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Citigroup raised their price target on shares of Chipotle Mexican Grill from $2,699.00 to $3,016.00 and gave the stock a “buy” rating in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $2,469.88.

View Our Latest Report on Chipotle Mexican Grill

Chipotle Mexican Grill Price Performance

CMG stock opened at $2,638.35 on Friday. The firm has a market capitalization of $72.40 billion, a P/E ratio of 59.49, a P/E/G ratio of 2.03 and a beta of 1.29. Chipotle Mexican Grill has a 52-week low of $1,470.05 and a 52-week high of $2,725.83. The company’s 50 day simple moving average is $2,326.47 and its 200-day simple moving average is $2,080.26.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The restaurant operator reported $10.36 EPS for the quarter, beating analysts’ consensus estimates of $9.73 by $0.63. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.49 billion. Chipotle Mexican Grill had a net margin of 12.45% and a return on equity of 44.41%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the firm earned $8.29 earnings per share.

Insider Buying and Selling

In other Chipotle Mexican Grill news, insider Roger E. Theodoredis sold 898 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the transaction, the insider now owns 1,529 shares in the company, valued at $4,009,420.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $2,278.45, for a total value of $2,506,295.00. Following the sale, the chief executive officer now owns 22,447 shares of the company’s stock, valued at approximately $51,144,367.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Roger E. Theodoredis sold 898 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $2,622.25, for a total transaction of $2,354,780.50. Following the transaction, the insider now directly owns 1,529 shares in the company, valued at approximately $4,009,420.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,087 shares of company stock worth $12,055,688. 0.96% of the stock is currently owned by insiders.

Institutional Trading of Chipotle Mexican Grill

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fortitude Family Office LLC acquired a new stake in shares of Chipotle Mexican Grill during the 4th quarter worth approximately $32,000. Coppell Advisory Solutions LLC acquired a new position in shares of Chipotle Mexican Grill in the 2nd quarter worth approximately $32,000. IMA Wealth Inc. lifted its position in shares of Chipotle Mexican Grill by 185.7% during the 1st quarter. IMA Wealth Inc. now owns 20 shares of the restaurant operator’s stock worth $34,000 after buying an additional 13 shares during the period. Horizon Bancorp Inc. IN boosted its stake in shares of Chipotle Mexican Grill by 240.0% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 17 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 12 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter valued at about $37,000. 91.19% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Chipotle Mexican Grill (NYSE:CMG)

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