Chipotle Mexican Grill, Inc. (NYSE:CMG) – Stock analysts at Wedbush dropped their Q2 2018 earnings estimates for shares of Chipotle Mexican Grill in a note issued to investors on Tuesday. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings per share of $2.87 for the quarter, down from their previous forecast of $3.08. Wedbush has a “Neutral” rating and a $310.00 price target on the stock. Wedbush also issued estimates for Chipotle Mexican Grill’s Q3 2018 earnings at $1.96 EPS, Q4 2018 earnings at $1.95 EPS, Q2 2019 earnings at $3.33 EPS, Q3 2019 earnings at $2.84 EPS and Q4 2019 earnings at $2.27 EPS.
Several other analysts have also issued reports on the company. Piper Jaffray Companies reissued an “overweight” rating and set a $355.00 target price (up from $318.00) on shares of Chipotle Mexican Grill in a report on Thursday. Maxim Group reissued a “buy” rating and set a $410.00 target price on shares of Chipotle Mexican Grill in a report on Wednesday. UBS set a $275.00 target price on Chipotle Mexican Grill and gave the stock a “sell” rating in a report on Friday, March 9th. Wells Fargo reissued a “market perform” rating and set a $290.00 target price (up from $270.00) on shares of Chipotle Mexican Grill in a report on Thursday, March 8th. They noted that the move was a valuation call. Finally, Robert W. Baird raised Chipotle Mexican Grill from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $315.00 to $295.00 in a report on Tuesday, February 27th. Eight investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $338.92.
Shares of Chipotle Mexican Grill (NYSE:CMG) opened at $320.20 on Friday. The stock has a market capitalization of $8,907.24, a price-to-earnings ratio of 51.98, a PEG ratio of 2.20 and a beta of 0.59. Chipotle Mexican Grill has a 1-year low of $247.51 and a 1-year high of $499.00.
Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.02. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. Chipotle Mexican Grill’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS.
In other news, Director Pershing Square Capital Manage purchased 420,322 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $318.14 per share, with a total value of $133,721,241.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ali Namvar purchased 3,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were purchased at an average cost of $317.70 per share, for a total transaction of $953,100.00. The disclosure for this purchase can be found here. Insiders have bought 423,822 shares of company stock worth $134,819,781 over the last three months. Insiders own 2.01% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Griffin Asset Management Inc. bought a new position in shares of Chipotle Mexican Grill during the third quarter worth about $524,000. Janus Henderson Group PLC raised its position in shares of Chipotle Mexican Grill by 332.5% during the third quarter. Janus Henderson Group PLC now owns 161,721 shares of the restaurant operator’s stock worth $49,782,000 after acquiring an additional 124,330 shares during the last quarter. Stifel Financial Corp raised its position in shares of Chipotle Mexican Grill by 72.8% during the third quarter. Stifel Financial Corp now owns 8,677 shares of the restaurant operator’s stock worth $2,757,000 after acquiring an additional 3,657 shares during the last quarter. Archon Capital Management LLC bought a new position in shares of Chipotle Mexican Grill during the third quarter worth about $7,834,000. Finally, BB&T Securities LLC raised its position in shares of Chipotle Mexican Grill by 15.8% during the third quarter. BB&T Securities LLC now owns 2,669 shares of the restaurant operator’s stock worth $821,000 after acquiring an additional 364 shares during the last quarter. Institutional investors own 84.12% of the company’s stock.
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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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