Chipotle Mexican Grill, Inc. (NYSE:CMG) – Analysts at SunTrust Banks decreased their Q1 2018 EPS estimates for shares of Chipotle Mexican Grill in a report issued on Tuesday, according to Zacks Investment Research. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings of $2.44 per share for the quarter, down from their previous forecast of $2.62. SunTrust Banks currently has a “Buy” rating and a $355.00 price target on the stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s Q2 2018 earnings at $3.18 EPS and Q3 2018 earnings at $2.24 EPS.
Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Tuesday, October 24th. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.91). The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. Chipotle Mexican Grill’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS.
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CMG has been the subject of a number of other research reports. Piper Jaffray Companies set a $510.00 price target on Chipotle Mexican Grill and gave the company a “buy” rating in a research note on Wednesday, October 11th. Jefferies Group LLC dropped their target price on shares of Chipotle Mexican Grill to $300.00 and set a “positive” rating on the stock in a research report on Wednesday, October 25th. Robert W. Baird reissued a “hold” rating and set a $385.00 target price on shares of Chipotle Mexican Grill in a research report on Friday, September 1st. Deutsche Bank AG reissued a “sell” rating and set a $315.00 target price (down previously from $350.00) on shares of Chipotle Mexican Grill in a research report on Wednesday, July 26th. Finally, Stifel Nicolaus dropped their target price on shares of Chipotle Mexican Grill from $345.00 to $310.00 and set a “hold” rating on the stock in a research report on Wednesday, October 25th. Eight research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $356.06.
Chipotle Mexican Grill (NYSE:CMG) opened at $279.45 on Thursday. The stock has a market capitalization of $7,889.71, a PE ratio of 48.18, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. Chipotle Mexican Grill has a 12 month low of $264.90 and a 12 month high of $499.00.
A number of institutional investors have recently bought and sold shares of CMG. Korea Investment CORP raised its stake in shares of Chipotle Mexican Grill by 140.2% during the second quarter. Korea Investment CORP now owns 269 shares of the restaurant operator’s stock valued at $112,000 after acquiring an additional 157 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of Chipotle Mexican Grill by 15.7% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 406 shares of the restaurant operator’s stock valued at $140,000 after acquiring an additional 55 shares during the last quarter. First Interstate Bank raised its stake in shares of Chipotle Mexican Grill by 111.1% during the third quarter. First Interstate Bank now owns 475 shares of the restaurant operator’s stock valued at $146,000 after acquiring an additional 250 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Chipotle Mexican Grill by 84.5% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 369 shares of the restaurant operator’s stock valued at $164,000 after acquiring an additional 169 shares during the last quarter. Finally, Mercer Capital Advisers Inc. bought a new position in shares of Chipotle Mexican Grill during the third quarter valued at about $183,000. 90.31% of the stock is owned by institutional investors and hedge funds.
Chipotle Mexican Grill Company Profile
Chipotle Mexican Grill, Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. The Company’s Chipotle Mexican Grill restaurants serve a menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. As of December 31, 2016, the Company managed its operations and restaurants based on 11 regions.
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