Chipotle Mexican Grill (NYSE:CMG) – Equities researchers at Wedbush cut their Q2 2018 earnings estimates for shares of Chipotle Mexican Grill in a research note issued to investors on Tuesday, March 13th, Zacks Investment Research reports. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings of $2.87 per share for the quarter, down from their previous estimate of $3.08. Wedbush currently has a “Neutral” rating and a $310.00 price objective 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.
Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Tuesday, February 6th. The restaurant operator reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business earned $0.55 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis.
A number of other research analysts also recently weighed in on the company. Vetr downgraded Chipotle Mexican Grill from a “sell” rating to a “strong sell” rating and set a $290.00 price objective on the stock. in a research note on Monday. Zacks Investment Research downgraded Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Wednesday. BMO Capital Markets set a $275.00 price objective on Chipotle Mexican Grill and gave the company a “hold” rating in a research note on Wednesday, March 28th. Piper Jaffray reissued an “overweight” rating and issued a $355.00 price objective (up from $318.00) on shares of Chipotle Mexican Grill in a research note on Thursday, March 15th. Finally, Maxim Group reissued a “buy” rating and issued a $410.00 price objective on shares of Chipotle Mexican Grill in a research note on Wednesday, March 14th. Nine investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and eight have issued a buy rating to the stock. Chipotle Mexican Grill presently has an average rating of “Hold” and a consensus price target of $337.78.
Shares of CMG traded down $9.64 during midday trading on Friday, reaching $318.07. 633,603 shares of the stock were exchanged, compared to its average volume of 712,517. Chipotle Mexican Grill has a 12-month low of $247.51 and a 12-month high of $499.00. The company has a market capitalization of $8,883.70, a PE ratio of 48.19, a price-to-earnings-growth ratio of 2.19 and a beta of 0.55.
In related news, Director Ali Namvar purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average price of $317.70 per share, with a total value of $953,100.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul T. Cappuccio purchased 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was bought at an average cost of $290.88 per share, for a total transaction of $145,440.00. Following the purchase, the director now owns 766 shares in the company, valued at $222,814.08. The disclosure for this purchase can be found here. Insiders have bought a total of 423,822 shares of company stock worth $134,819,781 in the last three months. 2.01% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB boosted its stake in Chipotle Mexican Grill by 11.9% in the 4th quarter. Xact Kapitalforvaltning AB now owns 3,319 shares of the restaurant operator’s stock valued at $959,000 after buying an additional 354 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Chipotle Mexican Grill by 28.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,303 shares of the restaurant operator’s stock worth $2,111,000 after purchasing an additional 1,635 shares in the last quarter. Sharkey Howes & Javer boosted its stake in Chipotle Mexican Grill by 953.9% in the fourth quarter. Sharkey Howes & Javer now owns 12,647 shares of the restaurant operator’s stock worth $115,000 after purchasing an additional 11,447 shares in the last quarter. Stonebridge Capital Advisors LLC boosted its stake in Chipotle Mexican Grill by 6.5% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 13,190 shares of the restaurant operator’s stock worth $3,812,000 after purchasing an additional 800 shares in the last quarter. Finally, Lake Street Advisors Group LLC acquired a new position in Chipotle Mexican Grill in the fourth quarter worth $248,000. 84.11% of the stock is currently owned by institutional investors and hedge funds.
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Chipotle Mexican Grill Company Profile
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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