Chipotle Mexican Grill (NYSE:CMG) – Investment analysts at Wedbush cut their Q1 2018 earnings per share estimates for Chipotle Mexican Grill in a research note issued on Tuesday, March 13th, Zacks Investment Research reports. Wedbush analyst N. Setyan now expects that the restaurant operator will earn $1.56 per share for the quarter, down from their prior estimate of $1.62. Wedbush has a “Neutral” rating and a $310.00 price objective on the stock. Wedbush also issued estimates for Chipotle Mexican Grill’s FY2018 earnings at $8.34 EPS, Q1 2019 earnings at $1.82 EPS and FY2019 earnings at $10.25 EPS.
Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. Chipotle Mexican Grill had a return on equity of 13.44% and a net margin of 3.94%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year.
Other equities research analysts have also recently issued research reports about the company. Maxim Group reaffirmed a “buy” rating and issued a $425.00 price target (up previously from $400.00) on shares of Chipotle Mexican Grill in a report on Thursday, January 18th. SunTrust Banks reaffirmed a “buy” rating and issued a $340.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, February 7th. Piper Jaffray set a $318.00 price target on Chipotle Mexican Grill and gave the company a “buy” rating in a report on Wednesday, February 14th. Vetr cut Chipotle Mexican Grill from a “strong-buy” rating to a “buy” rating and set a $326.43 price target for the company. in a report on Tuesday, February 20th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $325.00 price target (up previously from $280.00) on shares of Chipotle Mexican Grill in a report on Tuesday, January 16th. Nine analysts have rated the stock with a sell rating, twenty-three have given a hold rating and eight have assigned a buy rating to the company’s stock. Chipotle Mexican Grill presently has an average rating of “Hold” and a consensus price target of $337.78.
Shares of NYSE:CMG traded down $9.64 during midday trading on Thursday, hitting $318.07. The company had a trading volume of 633,603 shares, compared to its average volume of 712,517. Chipotle Mexican Grill has a twelve month low of $247.51 and a twelve month high of $499.00. The stock has a market cap of $8,883.70, a PE ratio of 48.19, a P/E/G ratio of 2.19 and a beta of 0.55.
A number of large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado boosted its holdings in Chipotle Mexican Grill by 3.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 5,076 shares of the restaurant operator’s stock valued at $1,467,000 after purchasing an additional 161 shares during the period. Gagnon Securities LLC boosted its holdings in Chipotle Mexican Grill by 8.5% in the third quarter. Gagnon Securities LLC now owns 2,424 shares of the restaurant operator’s stock valued at $746,000 after purchasing an additional 190 shares during the period. OppenheimerFunds Inc. boosted its holdings in Chipotle Mexican Grill by 10.5% in the fourth quarter. OppenheimerFunds Inc. now owns 2,113 shares of the restaurant operator’s stock valued at $611,000 after purchasing an additional 200 shares during the period. Pacer Advisors Inc. boosted its holdings in Chipotle Mexican Grill by 43.2% in the third quarter. Pacer Advisors Inc. now owns 713 shares of the restaurant operator’s stock valued at $219,000 after purchasing an additional 215 shares during the period. Finally, Flinton Capital Management LLC boosted its holdings in Chipotle Mexican Grill by 12.5% in the fourth quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock valued at $583,000 after purchasing an additional 224 shares during the period. Hedge funds and other institutional investors own 84.11% of the company’s stock.
In related news, Director Pershing Square Capital Manage bought 420,322 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $318.14 per share, for a total transaction of $133,721,241.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul T. Cappuccio bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was bought at an average price of $290.88 per share, with a total value of $145,440.00. Following the completion of the acquisition, the director now owns 766 shares of the company’s stock, valued at approximately $222,814.08. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 423,822 shares of company stock valued at $134,819,781. Company insiders own 2.01% of the company’s stock.
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About Chipotle Mexican Grill
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2017, it operated 2,363 Chipotle restaurants throughout the United States, as well as 37 international Chipotle restaurants; and 8 non-Chipotle restaurants. The company was founded in 1993 and is based in Denver, Colorado.
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