Chipotle Mexican Grill, Inc. Expected to Earn FY2018 Earnings of $9.43 Per Share (CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) – William Blair upped their FY2018 earnings per share (EPS) estimates for shares of Chipotle Mexican Grill in a report released on Monday. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $9.43 for the year, up from their previous forecast of $9.30. William Blair has a “Hold” rating on the stock. William Blair also issued estimates for Chipotle Mexican Grill’s Q4 2018 earnings at $1.99 EPS and FY2020 earnings at $14.96 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 for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.91). Chipotle Mexican Grill had a net margin of 3.37% and a return on equity of 11.80%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year.

A number of other research analysts have also recently issued reports on CMG. Zacks Investment Research upgraded Chipotle Mexican Grill from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 16th. Wells Fargo & Co reiterated a “hold” rating on shares of Chipotle Mexican Grill in a research note on Friday, October 13th. Bank of America cut Chipotle Mexican Grill from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $390.00 to $285.00 in a research note on Wednesday, October 18th. UBS Group set a $345.00 price objective on Chipotle Mexican Grill and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, Maxim Group reiterated a “buy” rating and set a $400.00 price objective (down previously from $420.00) on shares of Chipotle Mexican Grill in a research note on Wednesday, October 25th. Five investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $361.42.

Chipotle Mexican Grill (NYSE CMG) traded down $13.87 during midday trading on Tuesday, hitting $330.00. The company had a trading volume of 1,438,600 shares, compared to its average volume of 1,050,171. Chipotle Mexican Grill has a one year low of $263.00 and a one year high of $499.00. The company has a market capitalization of $9,270.00, a price-to-earnings ratio of 63.95, a PEG ratio of 2.06 and a beta of 0.50.

Hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in Chipotle Mexican Grill by 4.7% during the second quarter. Ameriprise Financial Inc. now owns 16,197 shares of the restaurant operator’s stock valued at $6,754,000 after acquiring an additional 727 shares during the last quarter. Profund Advisors LLC increased its position in Chipotle Mexican Grill by 22.2% during the second quarter. Profund Advisors LLC now owns 1,151 shares of the restaurant operator’s stock valued at $479,000 after acquiring an additional 209 shares during the last quarter. Thrivent Financial For Lutherans increased its position in Chipotle Mexican Grill by 5.0% during the second quarter. Thrivent Financial For Lutherans now owns 12,600 shares of the restaurant operator’s stock valued at $5,243,000 after acquiring an additional 600 shares during the last quarter. Rafferty Asset Management LLC purchased a new stake in Chipotle Mexican Grill during the second quarter valued at $725,000. Finally, UBS Asset Management Americas Inc. increased its position in Chipotle Mexican Grill by 0.7% during the second quarter. UBS Asset Management Americas Inc. now owns 78,432 shares of the restaurant operator’s stock valued at $32,636,000 after acquiring an additional 514 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

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About Chipotle Mexican Grill

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.

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

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