Chipotle Mexican Grill, Inc. Expected to Earn Q2 2019 Earnings of $4.06 Per Share (CMG)

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Investment analysts at SunTrust Banks lowered their Q2 2019 earnings per share estimates for shares of Chipotle Mexican Grill in a research report issued on Thursday, June 28th. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will earn $4.06 per share for the quarter, down from their previous estimate of $4.07. SunTrust Banks has a “Buy” rating and a $490.00 price target on the stock. SunTrust Banks also issued estimates for Chipotle Mexican Grill’s Q3 2019 earnings at $3.43 EPS.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Wednesday, April 25th. The restaurant operator reported $2.13 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company posted $1.60 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis.

Several other research firms have also issued reports on CMG. Deutsche Bank set a $285.00 target price on Chipotle Mexican Grill and gave the stock a “sell” rating in a research note on Thursday, April 26th. TheStreet raised Chipotle Mexican Grill from a “c+” rating to a “b-” rating in a research note on Thursday, June 14th. Robert W. Baird increased their target price on Chipotle Mexican Grill from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Thursday, April 26th. Argus raised Chipotle Mexican Grill from a “hold” rating to a “buy” rating and increased their target price for the stock from $247.52 to $496.14 in a research note on Wednesday, May 16th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $350.00 target price (up previously from $330.00) on shares of Chipotle Mexican Grill in a research note on Thursday, April 26th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $384.94.

Shares of Chipotle Mexican Grill stock opened at $442.82 on Monday. Chipotle Mexican Grill has a 52 week low of $247.51 and a 52 week high of $474.46. The firm has a market capitalization of $12.05 billion, a PE ratio of 65.28, a price-to-earnings-growth ratio of 2.93 and a beta of 0.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gagnon Securities LLC increased its holdings in shares of Chipotle Mexican Grill by 2.6% in the 1st quarter. Gagnon Securities LLC now owns 4,618 shares of the restaurant operator’s stock valued at $1,492,000 after acquiring an additional 118 shares during the last quarter. X Square Capital LLC boosted its position in shares of Chipotle Mexican Grill by 2.7% in the 1st quarter. X Square Capital LLC now owns 5,890 shares of the restaurant operator’s stock valued at $1,903,000 after purchasing an additional 155 shares during the period. Global X Management Co. LLC boosted its position in shares of Chipotle Mexican Grill by 12.0% in the 1st quarter. Global X Management Co. LLC now owns 1,748 shares of the restaurant operator’s stock valued at $565,000 after purchasing an additional 187 shares during the period. OppenheimerFunds Inc. boosted its position in shares of Chipotle Mexican Grill by 10.5% in the 4th 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. Finally, Fortis Advisors LLC boosted its position in shares of Chipotle Mexican Grill by 3.3% in the 1st quarter. Fortis Advisors LLC now owns 6,200 shares of the restaurant operator’s stock valued at $2,003,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 86.41% of the company’s stock.

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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