Chipotle Mexican Grill, Inc. (NYSE:CMG) - William Blair reduced their Q3 2017 EPS estimates for shares of Chipotle Mexican Grill in a research report issued to clients and investors on Wednesday. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $2.15 for the quarter, down from their previous estimate of $2.45. William Blair also issued estimates for Chipotle Mexican Grill’s Q4 2017 earnings at $1.56 EPS, FY2017 earnings at $7.48 EPS and FY2018 earnings at $10.97 EPS.
Other analysts also recently issued reports about the company. UBS AG reiterated a “neutral” rating and set a $410.00 price target on shares of Chipotle Mexican Grill in a report on Wednesday, March 29th. Barclays PLC increased their price target on Chipotle Mexican Grill from $395.00 to $415.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 26th. J P Morgan Chase & Co increased their price target on Chipotle Mexican Grill from $365.00 to $420.00 and gave the stock a “neutral” rating in a report on Wednesday, April 26th. Cowen and Company increased their price target on Chipotle Mexican Grill from $375.00 to $440.00 and gave the stock a “market perform” rating in a report on Wednesday, April 26th. Finally, Vetr upgraded Chipotle Mexican Grill from a “sell” rating to a “hold” rating and set a $493.69 price target for the company in a report on Monday, May 15th. Nine equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Chipotle Mexican Grill presently has an average rating of “Hold” and an average target price of $428.53.
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Chipotle Mexican Grill (NYSE:CMG) opened at 345.34 on Friday. Chipotle Mexican Grill has a 12-month low of $344.21 and a 12-month high of $499.00. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 106.82 and a beta of 0.64. The firm’s 50-day moving average price is $427.08 and its 200 day moving average price is $434.55.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Tuesday, April 25th. The restaurant operator reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.32. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Chipotle Mexican Grill had a return on equity of 7.72% and a net margin of 2.31%. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.88) earnings per share.
A number of large investors have recently made changes to their positions in CMG. Covenant Asset Management LLC boosted its stake in shares of Chipotle Mexican Grill by 0.5% in the second quarter. Covenant Asset Management LLC now owns 2,187 shares of the restaurant operator’s stock worth $910,000 after buying an additional 10 shares during the period. Eqis Capital Management Inc. boosted its stake in shares of Chipotle Mexican Grill by 0.6% in the first quarter. Eqis Capital Management Inc. now owns 1,730 shares of the restaurant operator’s stock worth $771,000 after buying an additional 11 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Chipotle Mexican Grill by 2.4% in the first quarter. Pacer Advisors Inc. now owns 469 shares of the restaurant operator’s stock worth $209,000 after buying an additional 11 shares during the period. Capital Analysts LLC boosted its stake in shares of Chipotle Mexican Grill by 2.9% in the first quarter. Capital Analysts LLC now owns 427 shares of the restaurant operator’s stock worth $190,000 after buying an additional 12 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of Chipotle Mexican Grill by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 774 shares of the restaurant operator’s stock worth $322,000 after buying an additional 15 shares during the period. Institutional investors and hedge funds own 95.62% of the company’s stock.
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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