William Blair Analysts Boost Earnings Estimates for Chipotle Mexican Grill, Inc. (CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities researchers at William Blair increased their Q2 2018 earnings per share estimates for shares of Chipotle Mexican Grill in a note issued to investors on Thursday, June 28th. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings of $2.93 per share for the quarter, up from their previous forecast of $2.71. William Blair also issued estimates for Chipotle Mexican Grill’s FY2019 earnings at $11.70 EPS and FY2020 earnings at $13.20 EPS.

Chipotle Mexican Grill (NYSE:CMG) last released its earnings results on Wednesday, April 25th. The restaurant operator reported $2.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.56. Chipotle Mexican Grill had a return on equity of 14.50% and a net margin of 4.16%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business posted $1.60 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year.

A number of other brokerages have also recently issued reports on CMG. Telsey Advisory Group boosted their price objective on Chipotle Mexican Grill from $350.00 to $465.00 and gave the company a “market perform” rating in a research note on Thursday, June 21st. Wedbush boosted their price objective on Chipotle Mexican Grill from $350.00 to $450.00 and gave the company a “neutral” rating in a research note on Friday, June 22nd. They noted that the move was a valuation call. TheStreet upgraded Chipotle Mexican Grill from a “c+” rating to a “b-” rating in a research note on Thursday, June 14th. Canaccord Genuity restated a “buy” rating and issued a $500.00 price objective (up from $425.00) on shares of Chipotle Mexican Grill in a research note on Thursday. Finally, Stephens boosted their price objective on Chipotle Mexican Grill from $350.00 to $425.00 and gave the company an “equal weight” rating in a research note on Thursday. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $382.36.

Shares of Chipotle Mexican Grill opened at $428.36 on Friday, Marketbeat reports. Chipotle Mexican Grill has a 52-week low of $247.51 and a 52-week high of $474.46. The stock has a market capitalization of $12.77 billion, a P/E ratio of 64.90, a PEG ratio of 3.10 and a beta of 0.50.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gagnon Securities LLC grew its holdings in shares of Chipotle Mexican Grill by 2.6% during the first quarter. Gagnon Securities LLC now owns 4,618 shares of the restaurant operator’s stock worth $1,492,000 after purchasing an additional 118 shares in the last quarter. X Square Capital LLC boosted its stake in Chipotle Mexican Grill by 2.7% in the first quarter. X Square Capital LLC now owns 5,890 shares of the restaurant operator’s stock worth $1,903,000 after buying an additional 155 shares in the last quarter. Global X Management Co. LLC boosted its stake in Chipotle Mexican Grill by 12.0% in the first quarter. Global X Management Co. LLC now owns 1,748 shares of the restaurant operator’s stock worth $565,000 after buying an additional 187 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Chipotle Mexican Grill by 10.5% in the fourth quarter. OppenheimerFunds Inc. now owns 2,113 shares of the restaurant operator’s stock worth $611,000 after buying an additional 200 shares in the last quarter. Finally, Fortis Advisors LLC boosted its stake in Chipotle Mexican Grill by 3.3% in the first quarter. Fortis Advisors LLC now owns 6,200 shares of the restaurant operator’s stock worth $2,003,000 after buying an additional 200 shares in the last quarter. 86.41% of the stock is owned by institutional investors.

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.

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

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