What is Zacks Research’s Forecast for CMG FY2028 Earnings?

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Analysts at Zacks Research lowered their FY2028 earnings estimates for Chipotle Mexican Grill in a note issued to investors on Wednesday, May 13th. Zacks Research analyst Team now forecasts that the restaurant operator will earn $1.55 per share for the year, down from their prior forecast of $1.56. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Chipotle Mexican Grill’s current full-year earnings is $1.13 per share.

Several other research firms also recently issued reports on CMG. Citigroup upped their price objective on shares of Chipotle Mexican Grill from $44.00 to $46.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus restated a “buy” rating on shares of Chipotle Mexican Grill in a research report on Monday, March 9th. Morgan Stanley lowered their price objective on Chipotle Mexican Grill from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $48.00 target price on shares of Chipotle Mexican Grill in a research report on Wednesday, February 4th. Finally, Argus upgraded Chipotle Mexican Grill from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, May 5th. Twenty-four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Chipotle Mexican Grill presently has a consensus rating of “Moderate Buy” and an average price target of $46.03.

Chipotle Mexican Grill Stock Down 2.3%

CMG opened at $32.98 on Monday. Chipotle Mexican Grill has a 52-week low of $29.75 and a 52-week high of $58.42. The company has a market cap of $42.30 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 2.17 and a beta of 1.03. The firm’s 50-day moving average price is $33.43 and its 200-day moving average price is $35.22.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 earnings per share.

Hedge Funds Weigh In On Chipotle Mexican Grill

Institutional investors have recently bought and sold shares of the company. Capital World Investors grew its position in shares of Chipotle Mexican Grill by 122.7% during the third quarter. Capital World Investors now owns 87,844,788 shares of the restaurant operator’s stock worth $3,442,645,000 after buying an additional 48,398,628 shares in the last quarter. Norges Bank purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $711,837,000. Vanguard Group Inc. lifted its stake in Chipotle Mexican Grill by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 144,588,220 shares of the restaurant operator’s stock valued at $5,349,764,000 after buying an additional 18,660,882 shares during the last quarter. Capital International Investors lifted its stake in Chipotle Mexican Grill by 42.4% in the third quarter. Capital International Investors now owns 38,497,927 shares of the restaurant operator’s stock valued at $1,509,043,000 after buying an additional 11,471,658 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Chipotle Mexican Grill by 206.4% in the fourth quarter. Clearbridge Investments LLC now owns 14,062,158 shares of the restaurant operator’s stock valued at $520,300,000 after buying an additional 9,473,120 shares during the last quarter. 91.30% of the stock is owned by institutional investors and hedge funds.

About Chipotle Mexican Grill

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.